506 E Portage Ave, Sault Sainte Marie, MI, 49783
About This Home
Motivated Seller! Prime Tourist-zoned opportunity in the heart of Sault Ste. Marie's tourist corridor, overlooking the St. Mary's River, passing freighters, the Valley Camp Museum Ship, and Soo Locks Boat Tours. This versatile 2,500 sq. ft. property offers endless possibilities. The upper level features a spacious 2-bedroom, 1-bath apartment with a large living and dining room. The lower level is currently a studio-style living space with large storefront windows, making it ideal for a boutique, salon, office, gallery, or a live-above-your-business lifestyle. Full basement and on-site parking complete this unique property. Also available for purchase with the neighboring property at 508 E. Portage Avenue. See separate MLS listing for package opportunity.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Finished area below ground: 0
- Finished area above ground: 2,580
Interior Area
- Total structure area: 2,580
- Total interior livable area: 2,580 sqft
Property
Details
- Parcel number: 05103106640
- Zoning: Tourist
Features
- Levels: Two
- Stories: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Chippewa County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,006 | $12,072 |
| Home Insurance * | $138 | $1,656 |
| Property Taxes | $185 | $2,220 |
| Electricity | $281 | $3,376 |
| Total | $1,610 | $19,320 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-12 | Listed for sale | $199,000 |
| 2014-08-01 | Sold | $25,500 |
For Sale by Agent
View on Zillow