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347 Lake St 5,081 SF Retail Building Sault Ste. Marie, ON P6B 3K7 $469,245 USD ($92.35 USD/SF)
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,081 SF
Building Class
C
Year Built
1990
Price
$469,245 USD
Price Per SF
$92.35 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.13 AC
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Stacked
1 of 16
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347 Lake St
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