347 Lake ST

$649,900

Sault Ste. Marie, Sault Ste. Marie, Ontario

  • 5,081 square feet
Residential · OtherType
Natural gasHeating
280Days on market
$128 / sqftPrice / sqft

About this property

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:66327)

Property details

Interior

Living area
5,081 square feet

Exterior & parking

Architectural style
[]
Lot size
1.12
Parking features
Surfaced
Exterior features
Siding

Building & HOA

Heating
Natural gas

Financial & legal

List price
$649,900
Price / sqft
$128 / sqft
Annual taxes
$21,376
Tenure
Freehold
Status
Active
MLS® number
SM253362

Location

City
Sault Ste. Marie
Neighbourhood
Sault Ste. Marie
Province
Ontario
Postal code
P6B3K7

Mortgage calculator

estimated / month

Estimate only — excludes taxes, insurance and CMHC. Contact us for a real quote.

Location & neighbourhood

Explore what’s nearby:

Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).