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    1137 S Stephenson Ave Iron Mountain, MI 49801

    For Sale
    $1,850,000

    Business - Iron Mountain, MI

    Type:Business
    Property size:
    3,519 SF
    Lot size:
    1.10 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 1137 S Stephenson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Commercial
    APN
    051-104-648-00, 051-103-791-00
    Parking features
    Parking Lot
    Interior features
    Bath, Cable Internet Installed, Cable TV Available, Cafe/Kitchen, Clear Span, Concrete Floor, Internet Available, Delivery Area, Delivery Door, Drive-In, Occupied, Overhead Doors, Private Restrooms, Public Restrooms, Reception Area, Truck Door(s)
    Size
    3,519 SF
    Lot size
    1.10 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2014
    Flooring type
    Concrete
    Roof type
    Other, See Remarks
    Architectural style
    Other

    HANSON REALTY INC (715) 324-5868

    Listing agent CARRIE TORETTA-PARTELLO (906) 774-1300 License #6501298751

    Listing date Oct 31, 2025

    MLS# 50186822 Listing URL

    Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Auto Service Facility Business

    This is a 3,519 sq. ft auto service facility built in 2014. The property includes 408 sq. ft of office space with a public restroom, and a 3,111 sq. ft shop area with 6 service bays. The upper level features a 408 sq. ft breakroom equipped with a refrigerator, sink, microwave, cabinets, dishware, and TV, along with an employee bathroom that includes a shower. There is also a loft/storage area of approximately 572 sq. ft with a reinforced floor, and a detached 15'x20' storage garage with an employee parking area. The building features radiant-heat natural gas in the shop and a forced air natural gas furnace in the office and breakroom area, trench drains with an oil separator, air exchanger, 3 ceiling fans, emergency and exit lighting, ADA compliance, energy-efficient lighting installed in 2020, and a security camera system. Included equipment and inventory consist of 3 hoists, a tire changing machine, tire balancer, parts washer, air compressor, A/C repair equipment, brake lathe, drill press, shop press, engine hoist, cutting torch, arc welder, wire feed welder, miscellaneous supplies, inventory, and security cameras. The sale includes an established snow removal/salt business with 20 regular customers, featuring a 2015 Ford F-350 regular cab pickup truck with a Boss 9'2" V plow and Boss salter. Customer records from the past 12 years are organized in QuickBooks. The property is located on Highway US 2 at the busiest intersection/traffic light in Iron Mountain, offering visibility. The lot size is 1.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dave's Auto Sales ... Auto Repair Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Midtown QuickLube, Integrity Automotive Care, Auto Tech Service Center, Dave's Auto Sales & Service, Burcar Towing and Recovery

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.059113
    Latitude
    45.811712

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    FAQs

    What type of property is this?
    Auto shop - Modern, fully equipped auto service facility with additional income opportunities.
    Where is this auto shop located?
    The property is located at 1137 S Stephenson Ave Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Turnkey auto service facility built in 2014, fully equipped with 6 service bays.; - Includes established snow removal/salt business with equipment and 20 regular customers.; - Prime location on Highway US 2 at the busiest intersection in Iron Mountain, ensuring maximum visibility.
    (906) 774-1300
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1137 S Stephenson Ave Iron Mountain, MI 49801
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