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Keller Williams

351 W Portage AVE, Sault Ste Marie, MI 49783

$419,900
Property Type: Commercial Square Footage: 13,358 Status: Sold
Current Price: $419,900 List Date: 8/15/2020 Last Modified: 8/30/2024

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

More Information

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
Listing Office: Key Realty One
Listing Agent: Ryan W Bennett
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.