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    The Largest CRE Database in the US with Over 1 Million Listings

    RYAN GORDON, Iron Mountain, MI

    License ID: 6502420131
    Years of Experience
    10
    Association
    Upper Peninsula Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (906) 282-1644
    Office Address:
    1320 Carpenter Ave, Iron Mountain, MI, 49801

    Property Types

    • Commercial Sale
    • Land
    • Residential Lease
    • Residential Multi Family

    Performance

    Listings
    54
    Total transactions
    125
    Total transactions amount
    $29M
    Price range
    $13.9k - 875k
    Average price
    $232k

    Listings

    For Sale (45)

    View map
    • $149,900
      3.27 Acres

      Park Falls Vacant Land Opportunity

      3.27 acre vacant land parcel for residential development.
      Tbd Riv N, Park Falls, WI 54552
      View Details
    • $1,500,000
      2.54 Acres

      Waterfront Land with Cottages

      Rare 2.5-acre waterfront parcel with cottages and sandy beach.
      1487 Town U, Florence, WI 54121
      View Details
    • $450,000
      1.00 Acre

      Prime Commercial Land Opportunity

      One-acre commercial land parcel with high visibility and easy access.
      W8141 Us Highway 2, Iron Mountain, MI 49801
      View Details
    • $59,900
      1.22 Acres

      Residential Land with Lake Views

      1.22 acre residential land with panoramic lake and hill views.
      Antoine Lot 1 Lk, Iron Mountain, MI 49801
      View Details
    • $99,500
      1.01 Acres

      Cleared Acre Lot in Norway

      One-acre commercial land with utilities access and highway visibility.
      Tbd Sundance, Norway, MI 49870
      View Details
    • $99,500
      1.26 Acres

      Cleared Land with Highway Access

      1.26 acre commercial lot with utilities in Norway, Michigan.
      Tbd Sundance, Norway, MI 49870
      View Details
    • $750,000
      6,328 SF

      Spacious Retail Space in Iron

      6,300+ sq ft retail space on 1.15 acres.
      W8145 Us Highway 2, Iron Mountain, MI 49801
      View Details
    • $79,900
      3.79 Acres

      Wooded Land Near Lake Antoine

      3.8 acre wooded parcel near Lake Antoine in Iron Mountain.
      Antoine Tbd Quinnesec Lk, Iron Mountain, MI 49801
      View Details
    • $49,900
      1.87 Acres

      Wooded Land Near Lake Antoine

      1.87 acre wooded parcel near Lake Antoine in Iron Mountain.
      E Bar D Rnch, Iron Mountain, MI 49801
      View Details
    • $169,900
      5,936 SF

      Historic Carnegie Library Building

      1901 Neo-Classical building in downtown Iron Mountain, Michigan.
      300 E Ludington St, Iron Mountain, MI 49801
      View Details
    • $34,500
      4.00 Acres

      Land Parcel on US Hwy 2

      4-acre vacant land with frontage on US Hwy 2.
      Tbd Us2, Vulcan, MI 49892
      View Details
    • $225,000
      2,120 SF

      Charming Duplex with Rental History

      Investment duplex with recent updates, excellent rental history, and desirable features.
      1305 W B St, Iron Mountain, MI 49801
      View Details
    • $125,000
      5.00 Acres

      Wooded Land with Creek Access

      5-acre wooded parcel with Big Creek near Marquette, Michigan.
      6382 Us Highway 41, Marquette, MI 49855
      View Details
    • $160,000
      2,189 SF

      Kingsford Commercial Property with Greenhouses

      High-visibility commercial property with showroom, greenhouses, and ample storage.
      223 S Carpenter Ave, Kingsford, MI 49802
      View Details
    • $49,900
      1.85 Acres

      Residential Land in Iron Mountain

      1.85 acre wooded parcel in a private, idyllic location.
      E H St, Iron Mountain, MI 49801
      View Details
    • $1,800,000
      33,600 SF

      Self-Storage Facility on 4 Acres

      Successful self-storage business with expansion potential in Iron Mountain.
      3232 W Frank Pipp Dr, Iron Mountain, MI 49801
      View Details
    • $199,900
      18.45 Acres

      Residential Land in Iron Mountain

      18.45 acre residential parcel ready for development.
      W Frank Pipp Dr, Iron Mountain, MI 49801
      View Details
    • $49,900
      40.00 Acres

      Wooded 40-Acre Recreational Land

      40-acre wooded parcel near lakes and rivers.
      Tbd Fence Riv, Republic, MI 49879
      View Details
    • $250,000
      0.20 Acres

      Prime Commercial Lot in Iron Mountain

      High-visibility commercial lot with existing building in Iron Mountain.
      909 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $900,000
      1.93 Acres

      Waterfront Land on Spread Eagle

      Rare 1.93-acre waterfront parcel with cabins and dock.
      4829 Carpenter Rd, Florence, WI 54121
      View Details
    • $125,000
      1,590 SF

      Downtown Norway Commercial Building For Sale

      1,600 SF commercial building in downtown Norway, Michigan.
      701 Main St, Norway, MI 49870
      View Details
    • $89,900
      4.45 Acres

      Commercial Land Parcel in Norway

      4.45 acre commercial parcel with highway visibility in Norway, MI.
      Tbd Sundance, Norway, MI 49870
      View Details
    • $249,900
      6.72 Acres

      Prime Vacant Land in Norway

      6.72 acre commercial land parcel with highway visibility.
      Tbd Sundance, Norway, MI 49870
      View Details
    • $550,000
      15,000 SF

      Industrial Warehouse Facility on Highway

      15,000 sq ft warehouse on 2.2 acres with highway frontage.
      W4350 Myner, Norway, MI 49892
      View Details
    • $2,300,000
      60,000 SF

      Iron Mountain Commercial/Industrial Building

      60,000 sq ft commercial building on 2.8 acres.
      106 E Smith St, Iron Mountain, MI 49801
      View Details
    • $69,900
      1.13 Acres

      Lake Antoine Vacant Land

      1+ acre lot near Lake Antoine, Iron Mountain, Michigan.
      Antoine Lot 2 Lk, Iron Mountain, MI 49801
      View Details
    • $135,000
      833 SF

      Historic Downtown Office Suite

      Compact, tastefully decorated office suite in historic downtown Iron Mountain.
      216 E Ludington St, Iron Mountain, MI 49801
      View Details
    • $299,900
      2,190 SF

      Prime Retail/Commercial Space Available

      High-visibility retail/commercial space on 0.92 acres with ample parking.
      2045 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $45,000
      2.20 Acres

      Residential Land in Iron Mountain

      2.2 acre residential building site in Fumee Lake Estates.
      Tbd Fumee Lk, Iron Mountain, MI 49801
      View Details
    • $399,900
      1,500 SF

      Established Turn-Key Business Opportunity

      Well-established party store with growth potential in prime location.
      6998 Us2, Gladstone, MI 49837
      View Details
    • $649,900
      6,300 SF

      Iconic Restaurant Opportunity on US Hwy 2

      Well-established restaurant with loyal customer base on busy highway.
      695 Us Highway 2, Florence, WI 54121
      View Details
    • $390,000
      1.78 Acres

      Commercial Land in Iron Mountain

      1.78 acre commercial lot with highway access and utilities.
      N Us2/141, Iron Mountain, MI 49801
      View Details
    • $499,900
      1,500 SF

      Grain 'N' Grape: Gladstone, MI

      Thriving Convenience Store, Turn-Key Operation
      6998 Us-2, Gladstone, MI 49837
      View Details
    • $390,000
      1.78 Acres

      Iron Mountain Commercial Land Parcel

      1.78 Acres, High Visibility, Ready to Build
      0 Us2/141, Iron Mountain, MI 49801
      View Details
    • $550,000
      15,000 SF

      Vulcan Warehouse: Prime Location

      15,000 SF Warehouse, Vacant, $550K
      W4350 Myner Dr, Vulcan, MI 49892
      View Details
    • $699,900
      6,300 SF

      El Capitan Restaurant - Hwy 2

      Established Restaurant, Turnkey Opportunity
      695 Us Highway 2, Florence, WI 54121
      View Details
    • $164,900
      1,320 SF

      Executive Office Building, Iron Mountain

      Prime location, 1320 sq ft, vacant.
      212 Margaret St, Iron Mountain, MI 49801
      View Details
    • $450,000
      1.00 Acre

      Prime Commercial Land, Iron Mountain, MI

      One-acre lot, high visibility, ready to build.
      W8141 Us Highway 2, Iron Mountain, MI 49801
      View Details
    • $349,900
      3,200 SF

      Thriving Bar & Grill in WI

      Established bar, turnkey opportunity. High traffic location.
      8416 Co Rd, Alvin, WI 54542
      View Details
    • $1,800,000
      42,000 SF

      Iron Mountain Self Storage Facility

      High-Occupancy Self Storage Investment
      3232 Frank Pipp Dr, Iron Mountain, MI 49801
      View Details
    • $450,000
      188,000 SF

      Tbd Hooper, Kingsford, MI 49802

      Industrial properties • 188,000 SF
      Tbd Hooper, Kingsford, MI 49802
      View Details
    • $499,900
      1,500 SF

      Gladstone Party Store - Huge Potential

      Established Business, High Traffic, Turn-Key
      6998 Us2, Gladstone, MI 49837
      View Details
    • $650,000
      54,300 SF

      Kingsford Industrial Building - 7 Acres

      Spacious industrial building, 54,300 sq ft, 7 acres.
      2 Hooper St, Kingsford, MI 49802
      View Details
    • $550,000
      15,000 SF

      Norway Industrial Warehouse - Highway Frontage

      Spacious industrial building, prime highway location.
      W4350 Myner, Norway, MI 49892
      View Details
    • $750,000
      89,000 SF

      620 Hooper St, Kingsford, MI 49802

      Industrial properties • 89,000 SF
      620 Hooper St, Kingsford, MI 49802
      View Details

    For Lease (9)

    View map
    • $325 /Mo
      150 SF

      Downtown Iron Mountain Office Space

      Individual office suites available in downtown Iron Mountain.
      333 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $800 /Mo
      565 SF

      Updated Downtown Iron Mountain Unit

      Updated 565 SF unit ideal for retail or office.
      333 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $1,200 /Mo
      1,000 SF

      Downtown Iron Mountain Commercial Space

      Remodeled 1,000 sq ft unit in high-traffic downtown location.
      333 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $950 /Mo
      630 SF

      Downtown Office Space For Rent

      630 sq ft office space in historic downtown building.
      127 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $1,200 /Mo
      875 SF

      Downtown Iron Mountain Commercial Space

      875 SF commercial space ideal for retail or office.
      333 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $700 /Mo
      400 SF

      Downtown Iron Mountain Office Space

      400 sq ft office space in downtown Iron Mountain.
      127 S Stephenson Ave, Iron Mountain, MI 49801
      View Details
    • $2,719 /Mo
      2,719 SF

      Spacious Office on Corner Lot

      Well-built office space suitable for professional or medical use.
      1201 Jackson St, Niagara, WI 54151
      View Details
    • $128 SF/Yr
      13,300 SF

      KeelRidge Retail Space - Iron Mountain

      13,300 SF Big Box Retail - Excellent Visibility
      W8159 Us Highway 2, Iron Mountain, MI 49801
      View Details
    • $10 SF/Yr
      10,700 SF

      KeelRidge Retail Space: Iron Mountain

      10,700 SF Retail Space - Build-to-Suit
      W8159 Us Highway 2, Iron Mountain, MI 49801
      View Details

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    RYAN GORDON, Iron Mountain, MI
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    RYAN GORDON, Iron Mountain, MI
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