231-557-6160

240 W Portage Avenue
Sault Ste Marie, MI 49783
MLS #305647

Commercial
    $4,500,000
    Est. P&I payment: $17186.95/mo
    240 W Portage Avenue, Sault Ste Marie, MI 49783
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 1
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 2
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 3
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 4
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 5
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 6
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 7
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 8
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 9
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 10
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 11
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 12
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 13
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 14
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 15
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 16
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 17
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 18
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 19
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 20
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 21
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 22
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 23
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 24
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 25
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 26
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 27
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 28
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 29
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 30
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 31
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 32
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 33
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 34
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 35
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 36
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 37
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 38
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 39
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 40
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 41
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 42
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 43
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 44
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 45
    • 240 W Portage Avenue, Sault Ste Marie, MI 49783 Photo 46
    Share  
    Description for 240 W Portage Avenue, Sault Ste Marie, MI 49783
    Michigan Hotel for Sale. Exceptional opportunity to own a historic hotel in downtown Sault Saint Marie overlooking the internationally recognized Soo Locks. The Ojibway Ramada Plaza boasts 71 rooms including spacious suites with spa tubs, the award winning Freighters Restaurant and the Captains Pub. There is also an indoor pool, sauna and gym. Located in the oldest city in MI, there are plenty of shops and tourist attractions in the area.
    MLS #305647
    Tour This Property In Person
    Request a Showing
     

    My Notes for MLS #305647

    General Features

    • Property Type: D
    • Total Bldg SqFt.: 49,487
    • Lot Size Dimensions: .91 Acre
    • Zoning: COMMERCIAL
    • Lake/Rvr/Creek/Strm: None
    • Barrier Free: Yes
    • In City Limits: Yes
    • # Units: 71
    • Year Remodeled: 1985
    • Levels: 6
    • For Sale or Rent: sa
    • Bus/Invtry Descrip: REAL ESTATE ONLY
    • Business Information: Annual Gross Income: 2,500,000
    • Accessibility: 42 in =/+ Hallway,​Access-Bathroom Sink,​Access-Kitchen Sink,​Access-Main Flr Bdrm,​Covered Entrance,​No-Step Entrance,​Ramped Entrance
    • Business Information: Business Opportunity,​Income Property
    • Construction: Concrete Block,​Frame
    • Extras: Elevator,​Fire Sprinklers Sys,​Kitchen Area,​Landscaped,​Laundry,​Loading Dock,​Lounge/Bar,​Pool,​Recreation Facility,​Refrigerated Storage,​Restaurant,​Restroom (s),​Sauna/Steam,​Smoke Detectors,​Storage
    • Parking: Parking Garage,​Parking Lot,​Paved
    • Util Pd by Owner: Cable,​Electric,​Maintenance,​Sewer,​Water

    Exterior Features

    • Amount of Frontage: 196 ft
    • Road: Blacktop,​Paved

    School Features

    • School District: Sault Ste Marie

    Utility Features

    • Electric: On Site
    • Gas: On Site
    • Heat/Air: Baseboard,​Central Air,​Forced Air,​Hot Water,​Natural Gas,​Zoned
    • Sewer: Municipal
    • Water: Municipal

    Miscellaneous Features

    • Drive: Blacktop

    Interior Features

    • Basement: Block Foundation,​Crawl Space,​Outside Entrance,​Partial Finish,​Poured Concrete Fnd

    Financial Features

    • Taxes and Possession: Taxes: $205.15
    • Taxes and Possession: Tax Year: 201516

    Location

     
    Street View Not Available
    Directions to 240 W Portage Avenue, Sault Ste Marie, MI 49783
    Downtown Sault Saint Marie overlooking the Soo Locks
    The listing information for 240 W Portage Avenue, Sault Ste Marie, MI 49783 was graciously provided by our friends at the listing brokerage, United Country Great Lakes Realty & Auction

    Get Financing for 240 W Portage Avenue, Sault Ste Marie, MI 49783

    ($ or %)
    %
    P&I Payment $17186.95
    Request More Listing Information
    Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Premier's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Premier, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
    Last Updated 12/17/2017 at 8:50am
    Agent Login    |    Powered by Onjax
    Create Free Account or
    Theresa Cole
    By using our site, users agree
    to the terms and privacy policy
    Equal Housing Opportunity Realtor MLS
    Sign-In or