2 ONTARIO STREET, Marathon

$1,950,000

For sale: Other

Other at 2 ONTARIO STREET, Marathon
Property type
Commercial Retail
MLS®
MLS® X13438158

Welcome to Superior Place, a prominent commercial investment property offering an exceptional opportunity to acquire a well-established, income-producing asset in the thriving community of Marathon, Ontario. Strategically positioned on the town's main strip, this highly visible property serves as a commercial hub for residents, businesses, and visitors alike, making it a cornerstone of the local economy. Featuring fourteen established income streams, Superior Place has a diverse and complementary mix of long-standing commercial, retail, professional, educational, and community-service tenants. Current occupants include a car dealership, a popular catering restaurant, hair salon, telecommunications center, insurance services office, financial services provider, retail store, two social service organizations, a recognized pizza franchise, employment agency, a 4,600-square-foot gymnasium, dental clinic, and a Northshore campus. This diversified tenant profile helps reduce investment risk while providing multiple sources of consistent revenue. The large on-site parking lot provides ample parking for customers, staff, and visitors. Marathon continues to be an important regional center along the North Shore of Lake Superior, serving surrounding communities and supporting a broad range of industries, services, and economic activity. As Northern Ontario continues to attract investment and development opportunities, properties with established occupancy and diversified income sources remain highly desirable. Whether you are an experienced investor seeking to expand your commercial portfolio or just now looking for a stable asset with reliable cash flow, Superior Place offers a compelling combination of income security, tenant diversity, and strategic location. Opportunities to acquire a property of this scale, prominence, and community significance are rare. Don't miss your chance to own one of Marathon's most recognizable commercial properties!

Sold data

Homes in Marathon — recent sold market

Homes in Marathon took a median of 49 days to sell over the last 365 days, with the quickest quarter selling within 29 days and the slowest quarter taking more than 133, across 51 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 85 days.

The median sale price was $205,000.

Homes sold for about 4.3% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
49
Median sale price
$205,000
Sale-to-list ratio
95.7%
Sold above asking
12%

Based on 51 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Marathon

Marathon has 3 Fraser Institute–rated schools (2 elementary and 1 secondary), averaging 2.7/10.

Rated schools
3
Elementary
2
Secondary
1
Average rating
2.7 / 10

Top-rated schools in Marathon

  • Margaret Twomey — elementaryFraser rating 4.6/10
  • Marathon — secondaryFraser rating 3.5/10
  • Holy Saviour — elementaryFraser rating 0.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 2 ONTARIO STREET