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    Ontonagon, MI
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    Ontonagon, MI Retail Space for Sale

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    Greenland, MI Rockland, MI White Pine, MI
    Downtown Ontonagon Commercial Building
    $469,000
    5,000 SF
    Downtown Ontonagon Commercial Building

    429 River Street, Ontonagon, MI 49953

    Newer construction, 5,000 SF commercial building in downtown Ontonagon.
    • Newer construction built in 2000
    • 5,000 square foot building with two separated office spaces
    • Large banquet room with open floor and tall ceilings, suitable for events
    • One office space is currently leased by Michigan Works, providing immediate rental income
    • Features natural gas heat and central air conditioning
    Updated: Jul 17, 2025
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    Mixed-Use Property in Downtown Ontonagon
    $399,000
    14,750 SF
    Mixed-Use Property in Downtown Ontonagon

    900 River Street, Ontonagon, MI 49953

    Move-in ready apartment with retail space in downtown location.
    • Move‑in ready 2800 sq ft apartment with 3+ bedrooms and 2 full baths.
    • 14 potential retail spaces and 3 baths on the lower level.
    • Convenient downtown location.
    • Plenty of parking.
    • Adjacent to the Ontonagon River.
    Updated: Feb 18
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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 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.

    Multifunctional Commercial Property in Ironwood
    $2,500,000
    19,500 SF
    Multifunctional Commercial Property in Ironwood

    Versatile commercial property with expansion potential on 4.3 acres.

    629 CLOVERLAND DR, Ironwood, MI 49938

    View details
    Downtown Mixed-Use Apartment & Retail
    $599,000
    13,062 SF
    Downtown Mixed-Use Apartment & Retail

    Brick apartment building with adjacent street-level commercial space and an upper two-bedroom unit, plus onsite amenities.

    101 N Lowell Street, Ironwood, MI 49938

    View details
    Brick Commercial Building Conversion
    $349,900
    0.36 Acres
    Brick Commercial Building Conversion

    Well-maintained brick building near downtown, offering flexible space for office, day care, or retail use.

    502 DIVISION ST E, Eagle River, WI 54521

    View details
    Highway-Exposure Retail and Office Building
    $338,250
    2,840 SF
    Highway-Exposure Retail and Office Building

    Flexible building with parking and a large sign on a heavily traveled highway corridor for retail or service use.

    929 RAILROAD ST N, Eagle River, WI 54521

    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.

    Prime PUD-Zoned Land Opportunity
    $1,599,000
    900 SF
    Prime PUD-Zoned Land Opportunity

    2.07 acres of PUD-zoned land in a growing corridor.

    3229 State Road 207, Elkton, FL 32033

    View details

    Ontonagon, MI Retail Space Investment Opportunities Market Analysis

    Explore 2 retail space for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 19,750 square feet of properties for sale, with an estimated market value of $868,000.

    Sale prices for retail space in Ontonagon, MI start at $399,000, averaging $434,000, and reaching up to $469,000 — 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%

    Total CRE Inventory on Market (SF)

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