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    Ontonagon, MI
    Retail

    Ontonagon, MI Retail Space for Sale

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    Greenland, MI Rockland, MI Carp Lake, MI Mass City, MI White Pine, MI Toivola, MI Ewen, MI Nisula, MI
    Downtown Retail Building with Upstairs Space
    Updated: Nov 3, 2023
    Downtown Retail Building with Upstairs Space

    425 River Street, Ontonagon, MI 49953

    $131,000
    9,800 sqft 0.12 AC lot
    9800 sq ft of space provides a tremendous opportunity for development.
    Premier location in the heart of the business community in Ontonagon.
    Main street storefront area has existing tenants (flower shop, gift shop, contractor's office) providing immediate income potential.
    Upstairs space is totally vacant and available for development.
    Located in the charming Village of Ontonagon, on the shores of Lake Superior and The Ontonagon River.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Ontonagon, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use 6-Unit Building
    Mixed-Use 6-Unit Building

    137 Lake Linden Avenue, Laurium, MI 49913

    $229,900
    3,776 sqft 0.28 AC lot

    Six-unit mixed-use property with five apartments and one commercial space, plus on-site laundry room.

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    Five-Unit Retail Corner Complex
    Five-Unit Retail Corner Complex

    216 Roosevelt Street, Ironwood, MI 49938

    $410,000
    6,720 sqft 1.28 AC lot

    Five-unit commercial strip hosts four leased businesses, with one unit scheduled to open end of 2025.

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    Five-Unit Retail Building
    Five-Unit Retail Building

    216 Roosevelt Street, Ironwood, MI 49938

    $410,000
    6,720 sqft 1.29 AC lot

    Five-unit retail complex with four leased spaces and one unit scheduled to open for occupancy at year-end 2025.

    View details
    Mixed-Use Multi-Family Property
    Mixed-Use Multi-Family Property

    137 Lake Linden Avenue Unit SourceFi, Laurium, MI 49913

    $229,900
    3,772 sqft

    Six-unit building blends five apartments with commercial potential and includes an on-site laundry room.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Ontonagon, MI Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 9,800 square feet of properties for sale, with an estimated market value of $131,000.

    Sale prices for retail space in Ontonagon, MI average $131,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 2

    Demographics Overview

    Population 2,261
    Population Growth (5Y) -10.2%
    Median Household Income $55,647
    College Educated 25.0%

    High-Yield Neighborhoods for Investment

    Identify Ontonagon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49953 $434K

    Taxes & Financing

    Tax Rate (average for all types) 4.14%
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ontonagon County

    New Delisted

    Total CRE Inventory on Market (SF)

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