86
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$499,900
Est. payment /mo
8,852 SqFt
Active
5000 N Stephenson Avenue Iron Mountain, MI 49801
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,852 sqft
Price per Sqft $56
MLS Listing ID 50182816
Year Built 1961
Annual Tax Amount $15,093
Tax Year 2024
Lot Size 2.110 Acres
Acres 2.11
Lot Dimensions 460x200
Property Sub-Type Commercial/Industrial
Property Description
Incredible 9,000+ Sq Ft Commercial Property on 2 Acres – Versatile Space with Living Quarters & High Visibility Potential. Opportunity knocks with this expansive and versatile commercial property offering over 9,000 sq ft of functional space on a fully cleared and professionally graded 2-acre lot. Whether you're looking to expand an existing business or start a new venture, this property is ready to deliver. Key features include: • 2-bedroom, 1-bath living quarters (could also serve as office space or a conference room/break room) • 1,400+ sq ft workshop area • 2,400+ sq ft shop building with overhead doors – ideal for storage, automotive, or light industrial use • Renovated 2,700+ sq ft potential retail space, ready for a wide variety of uses • ½ bath in retail space • Upper-level open area, a blank canvas for expansion or additional office space • Newer forced NFA heating systems (two total) • New septic, well pressure tank, water heater, and concrete work — all since 2023 The entire property has been thoughtfully improved with major excavation, new retaining walls, and professional landscaping. While most rocks and some topsoil/gravel will be removed before closing, these sales demonstrate the land's added value. The workshop and 2,400 sq ft shop building are currently leased, with terms negotiable—offering flexibility and immediate income potential. Located just minutes from the WI border and the local airport, this is a prime spot for logistics, retail, light manufacturing, or mixed-use development. Could this be your next business adventure? Schedule a private showing and explore the endless possibilities!
Location
State MI
County Dickinson
Area Iron Mountain (22007)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Parking Features 11-20 Spaces, Parking Lot
Roof Type Asphalt,Metal,Shingles
Building
Foundation Slab
Water Private Well
Structure Type Brick,Cement,Metal,Wood
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional,Conventional Blend
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by LEEDS REAL ESTATE