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    Ontonagon, MI
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    Ontonagon, MI Storefront Properties 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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    Ontonagon Mixed-Use Development Opportunity
    Updated: Oct 27, 2023
    Ontonagon Mixed-Use Development Opportunity

    425 River, Ontonagon, MI 49953

    $131,000
    9,800 sqft
    9800 sq ft of space for development.
    Prime commercial location in the heart of Ontonagon.
    Vacant upstairs space ready for development.
    Existing tenants in the main street storefront: flower shop, gift shop, and contractor's office.
    Located in a village 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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ontonagon, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Commercial Building with Two Entrances
    Commercial Building with Two Entrances

    318 N Lake Street, Ironwood, MI 49938

    $69,900
    3,264 sqft 0.23 AC lot

    Large commercial building features two front entrances with display rooms and interior spaces with original hardwood flooring.

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    Downtown Mixed-Use Storefront
    Downtown Mixed-Use Storefront

    122 W Aurora Street, Ironwood, MI 49938

    $97,900
    2,100 sqft 0.08 AC lot

    Main-level storefront with large display windows, plus two upper apartments with street and alley access.

    View details
    Retail Building with Highway Frontage
    Retail Building with Highway Frontage

    20143 HWY M28, Ewen, MI 49925

    $69,000
    0.60 AC lot

    Single-level retail space with open layout, parking, and approximately 200 feet of highway frontage.

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    Ewen Commercial Space on Highway
    Ewen Commercial Space on Highway

    20143 Hwy M28, Ewen, MI 49925

    $69,000
    1,300 sqft 0.50 AC lot

    Single-level commercial building with highway frontage and recent updates.

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    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.

    Commercial Land in Minocqua, WI
    Commercial Land in Minocqua, WI

    9836 PLAZA DR, Minocqua, WI 54548

    $299,500
    1.00 AC lot

    One-acre commercial parcel in high-traffic area, ready for development.

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    Downtown Commercial Land Parcel
    Downtown Commercial Land Parcel

    300 FRONT ST E, Minocqua, WI 54548

    $1,500,000
    1.02 AC lot

    Commercial land in downtown Minocqua with level cleared space, blacktop parking, and three access points.

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    Corner Lot in Downtown Park Falls
    Corner Lot in Downtown Park Falls

    172&184 2ND AVE N, Park Falls, WI 54552

    Contact for pricing
    0.13 AC lot

    Corner lot suitable for business in downtown Park Falls, Wisconsin.

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    Corner Lot in Downtown
    Corner Lot in Downtown

    172-184 2nd Avenue North, Park Falls, WI 54552

    Contact for pricing

    Corner lot suitable for business in downtown Park Falls.

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    Ontonagon, MI Storefront Properties Market Trends and Statistics

    Explore 2 storefront properties for sale in Ontonagon, MI on our real estate platform. These investment opportunities span a total of 19,600 square feet of properties for sale, with an estimated market value of $262,000.

    Sale prices for retail units in Ontonagon, MI start at $131,000, averaging $131,000, and reaching up to $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 $132.5K

    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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