351 W Portage AVE, Sault Ste Marie, MI 49783 (MLS# 20-786)

351 W Portage AVE, Sault Ste Marie, MI 49783

$419,900

22 unit apartment building with 3 commercial/retail rentals. Excellent opportunity!

Great exposure along retail corridor with direct views of the Soo Locks.

3 retail rental spaces with individual secure entrances, bathrooms and storage areas.

Store windows face Portage Avenue with individual entrances for each store.

Completely remodeled retail space with accent lighting, slat walls and new carpet.

Private office space with bathroom and storage.

Wall can be removed to combine rental #1 and #2, if desired.

Retail space #3 with serving areas. Currently utilized as a bakery.

All new lighting, flooring and wainscoting.

Retail space #1. Currently utilized as a retail/gift shop.

Plenty of room to store overstock or display items.

Slat walls can be used for hanging t's, shirts, etc.

Main entrance from Portage Avenue. Mail boxes located at bottom of steps.

Main entrance and emergency/fire exit at rear.

Second floor living room. Great views of the Locks.

Second floor unit. Completely remodeled with updated flooring.

Second floor unit. Also has been updated with new flooring.

Second floor unit. Example bathroom with shower/tub combo.

Second floor unit. Updated fixtures and lighting.

Second floor bedroom - all have closets.

First floor unit - 1 bedroom example. New carpet and fresh paint.

First floor one bedroom living room example.

First floor one bedroom kitchen example with attached bath.

First floor one bedroom bath example has updates and tub/shower combo.

First floor one bedroom - living area with new carpet and fresh paint.

First floor one bedroom - updated kitchen flooring, lighting and paint.

First floor one bedroom - new carpet in bedroom. All have closets.

First floor efficiency. Small living area.

New ceiling, lighting, flooring and fresh paint.

First floor efficiency bathroom with shower only.

Efficiency example #6 - new CVT flooring, fresh paint.

Laundry room - 2 coin op washers and dryers.

Secure storage area behind laundry room.

Commercial water heater and storage tanks for tenants and retail shops.

New roof installed 2020 by Kaysner on entire building.

Property Type: Commercial Square Footage: 13,358 Status: Sold

Current Price: $419,900 List Date: 8/15/2020 Last Modified: 11/06/2025

Overview

Description

Opportunity knocks! This multi-use building has positive cash flow and is ideally situated across from the Soo Locks. There are 22 total rental units in the building(s) with 3 commercial/retail spaces (all rented) facing Portage Avenue. Excellent exposure and foot traffic along this retail corridor. The building has a new membrane roof, updated apartments and retail areas, security system and large parking lot. There is on-site laundry for tenant use, storage area and work shop as well as a full basement for additional storage. If you are looking for an investment property with excellent rental history and loads of potential, this is it! Call for details. (Seller is a licensed real estate broker in the State of Michigan.)

Listing Details MLS# 20-786

Contract Information

For Sale or Rent: Sale

Property Information

Type: Business
Realtor.com Type: Commercial
Present Use: Mixed Use
Possible Use: Mixed Use
Building SqFt: 7501 & Up
Age: 50+
Waterfront: No
User Defined 15: No
# Parking Spaces: 10+
Total SqFt.: 13358
Lot Dimensions: 89x134 and 52x92 M/L
What's Included: Real estate
Duplicate: No

Location Tax and Legal

Area: 11 - Sault Ste. Marie (West)
Unit #/St #/Space #: 351
Street Direction Pfx: W
Street Name: Portage
Street Suffix: AVE
State: MI
Zip Code: 49783
County: CHIPPEWA
Tax ID: 051-351-001-00

Directions and Remarks

Directions: Corner of Ferris and West Portage Avenue. Former Seven Seas building and attached efficiency units facing south.
Hot Sheet Comment: price
Book Msg 2: *** PRICE REDUCED ***

Sold Info

Contingent: Active w/Contingencies
Sold Date: 2021-04-15

Location, Tax and Legal

Zoning: Commercial
School District: Sault Ste Marie
Special Assessment: Unknown
Homestead Y/N: No
Taxes: 10700
Tax Year: 2019
SEV: 189600

More Information

Basement

Partial Basement: Yes
Stone Foundation: Yes

Extras

High Traffic Locatn: Yes
Laundry: Yes
View: Yes
Security System: Yes
Storage: Yes

Construction

Masonry: Yes
Mixed: Yes

Exterior Finish

Brick: Yes
Mixed: Yes

Heating

Natural Gas: Yes
Steam: Yes

Cooling

None: Yes

Documents on File

Leases: Yes
Online: Yes

Water

Public: Yes

Drive

Black Top: Yes

Sewer

City: Yes

Parking

1 - 10 Spaces: Yes
Parking Lot: Yes

Possession

Negotiable: Yes

Road Surface

Black Top: Yes

Roof

Flat: Yes
Rubber: Yes

Terms

Cash: Yes
Conventional: Yes

Showing Instructions

Appt. Only: Yes
See Private Remarks: Yes

Property Features

Basement: Partial Basement; Stone Foundation Construction: Masonry; Mixed Exterior Finish: Brick; Mixed Cooling: None Documents on File: Leases; Online Drive: Black Top Extras: High Traffic Locatn; Laundry; Security System; Storage; View Heating: Natural Gas; Steam Parking: 1 - 10 Spaces; Parking Lot Possession: Negotiable Road Surface: Black Top Roof: Flat; Rubber Water: Public Showing Instructions: Appt. Only; See Private Remarks Terms: Cash; Conventional

Documents

GIS Map ›

Tax/equalization card(s). ›

Listing Office: Key Realty One

Listing Agent: Ryan W Bennett

Last Updated: November - 06 - 2025

Information deemed reliable but not guaranteed.

351 W Portage AVE, Sault Ste Marie, MI 49783 (MLS# 20-786)