Main Photo: 347 Lake ST in Sault Ste. Marie: Other for sale : MLS®# SM251297
Photo 1: 347 Lake ST in Sault Ste. Marie: Other for sale : MLS®# SM251297
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Status:
Active
Prop. Type:
Other
MLS® Num:
SM251297
Bus Major:
Retail and Wholesale
Exceptional opportunity to own a fully leased commercial property in a high-traffic location on Lake Street—one of Sault Ste. Marie’s key commercial corridors. Surrounded by national retailers, service businesses, and professional offices, this site offers excellent visibility and long-term value. Leased to a reputable tenant on a triple net lease through Q1 2027, with two five-year renewal options (rates to be negotiated). The main building offers 4,000+ sq. ft. with 6 offices on the main level, additional offices and a boardroom upstairs. A second structure features a loading bay with overhead door and storage space. The 1+ acre lot includes ample parking and a fenced yard for vehicles or equipment. (id:2493)
Property Type:
Other
Total Living Area:
5,081 sq. ft.
Taxes:
$21,375.68 / -
Community:
Sault Ste. Marie
Features:
Street Lighting
Exterior Features:
Siding
Community Features:
Bus Route
Major Business Type:
Retail and Wholesale
Utilities:
Natural Gas, Electricity, Cable, Telephone
Fireplace:
No
Foundation:
Poured Concrete
Heating:
Natural gas
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Frontage:
180'
Lot Size:
1.12 acre(s)
Lot Details:
1.12
Parking:
Surfaced
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Listed by Remax Sault Ste. Marie Realty Inc.
Data was last updated June 21, 2025 at 11:15 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$949,500
Min list price:
$22
Max list price:
$4,450,000
Avg days on market:
27
Min days on market:
11
Max days on market:
971
Avg price per sq.ft.:
$907.9
These statistics are generated based on the current listing's property type and located in Sault Ste. Marie. Average values are derived using median calculations.
Samuel Butkovich
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.