Mixed-Use Land for Sale in Sault Ste. Marie, Michigan
119 W Water St, Sault Ste. Marie, MI 49783
Rare investment opportunity in the heart of Downtown Sault Ste. Marie, Michigan. This prime commercial parking lot located at 119 W. Water Street overlooks the world-famous Soo Locks, one of the Upper Peninsula’s most visited attractions, offering exceptional visibility and steady traffic from tourists, locals, and nearby businesses.
Positioned in a high-demand waterfront and downtown corridor, this property presents an outstanding opportunity for investors seeking income-producing potential or future commercial development in a highly desirable location. With thousands of visitors coming to the Soo Locks each year, parking in this area is consistently needed, making this an attractive option for paid public parking, private business use, or long-term redevelopment.
Why This Parking Lot Is a Strong Investment
High-Traffic Tourist Location – Overlooks the Soo Locks, drawing steady visitor activity and year-round demand for parking
Income-Producing Potential – Ideal for paid parking, leased parking spaces, or event and seasonal parking revenue
Prime Downtown Waterfront Location – Surrounded by shops, restaurants, and attractions that increase daily demand
Future Development Opportunity – Excellent site for future commercial or mixed-use development in a growing tourism market
Limited Downtown Parking Availability – Creates long-term value and strong investment stability
Close to International Bridge & St. Mary’s River – Benefits from cross-border travel and heavy visitor traffic
Sault Ste. Marie, Michigan – A Tourism & Business Hub
Located in Chippewa County, Sault Ste. Marie is a key gateway between the United States and Canada and one of Michigan’s most historic cities. The Soo Locks and waterfront district attract thousands of visitors annually, supporting a strong local economy driven by tourism, shipping, and small businesses. Downtown properties with Soo Locks views and parking access are limited, making this a unique and valuable commercial investment.
Whether you're looking to generate parking income, secure land in a prime tourist destination, or hold a strategic commercial property for future development, this Soo Locks overlooking parking lot offers exceptional potential in one of Michigan’s most recognizable locations.
Contact us today for more information on this prime commercial parking lot at 119 W. Water Street, Sault Ste. Marie, MI 49783.
Location
- Street address
- 119 W Water St
- County
- Chippewa County
- Elevation
- 607 feet
Property details
- Lot size
- 0.5 acres21,780 sq ft
- Posted
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 24, 2025 | Price drop | $400,000 | $349,900 -46.7% | Listing agent |
| July 29, 2025 | Relisted | $749,900 | — | Listing agent |
| July 28, 2025 | Listing removed | $749,900 | — | Listing agent |
| Feb 28, 2025 | New listing | $749,900 | — | Listing agent |
| July 29, 2024 | Listing removed | $749,900 | — | Listing agent |
| Jan 30, 2024 | Relisted | $749,900 | — | Listing agent |
| Jan 29, 2024 | Listing removed | $749,900 | — | Listing agent |
| Aug 1, 2023 | Relisted | $749,900 | — | Listing agent |
| July 29, 2023 | Listing removed | $749,900 | — | Listing agent |
| Jan 22, 2023 | New listing | $749,900 | — | Listing agent |
