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240 W Portage Avenue $4,500,000

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240 W Portage Avenue Sault Ste Marie, MI 49783

Closed
SOLD 12/30/2019

$4,500,000

Market Estimate
  • 49,487 sq. ft.
  • Commercial
  • MLS# 305647
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Property Details

Historic Michigan Hotel for Sale in Sault Sainte Marie - The Ramada Plaza Ojibway Hotel. This Historical Hotel is located in the downtown area of Sault Sainte Marie Michigan. Visitors to the Ramada Plaza Ojibway Hotel enjoy the majestic views, rich history and full-service hospitality in Sault Ste. Marie. Inducted into the Historic Society of Michigan, our famous hotel is the social hub of the Sault since opening day in 1927.Ojibway Hotel detailsThe Ojibway Hotel offers old-world elegance, contemporary comfort, and full-service accommodations in Sault Ste. Marie, Michigan. The Ramada Plaza Ojibway Hotel has been hosting families, business people, celebrities, and presidents alike. With 71 guest rooms that are beautifully furnished and individually designed and decorated, as well as

  • General Features
    • Type Hospitality
    • Business Information Business Opportunity,Income Property
    • Year Built 1927
    • SqFt. Total 49,487
    • Extras Elevator, Kitchen Area, Storage, Smoke Detectors, Sauna/Steam, Restroom (s), Restaurant, Refrigerated Storage, Recreation Facility, Pool, Lounge/Bar, Loading Dock, Laundry, Landscaped, Fire Sprinklers Sys
    • Subdivision T47N R1E
    • County Chippewa
  • Building Features
    • Construction Concrete Block, Frame
    • Total Units 71
    • Basement Block Foundation, Partial Finish, Poured Concrete Fnd, Outside Entrance, Crawl Space
    • Accessibility 42 in eq/+ Hallway, Ramped Entrance, No-Step Entrance, Covered Entrance, Access-Kitchen Sink, Access-Bathroom Sink
    • Heating/Air Conditioning Baseboard,Zoned,Natural Gas,Forced Air,Hot Water,Central Air
  • Property Features
    • Lot Size .91Acre
    • Parking Parking Lot, Paved
    • Lake/River Name None
    • Road Blacktop, Paved
    • Driveway Blacktop
    • Electric On Site
    • Sewer Municipal
    • Water Municipal
    • Gas On Site
  • Schools
    • School District Sault Ste Marie

Neighborhood

49783 (Sault Ste Marie) Demographics

37 Median Age
130 Population Density (per sq. mile)
33% College Educated
$40,768 Estimated Median Income
4,954 Estimated Total Home Owners
2,953 Estimated Total Renters
63% / 37% Estimated Owner / Renter Divide
2 Estimated Average Household Size
19,672 Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$29,900 Median Sales Price
1 Homes Sold
11 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- New in Database Source
      12/30/2019 3:00:00 AM Sold Source New Value: $4,500,000
      10/5/2019 1:55:23 PM Status Changed Source New Value: Pending

      Home Valuation

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      Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.