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    1200 Carpenter Ave Iron Mountain, MI 49801

    For Sale
    $299,900

    Commercial/Industrial - Iron Mountain, MI

    Property size:
    2,895 SF
    Lot size:
    0.48 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 14 at 4:06 am

    Property Features for 1200 Carpenter Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    051-101-347-00 051-101-349-0
    Parking features
    Parking Lot
    Interior features
    Cable Internet Installed, Pole Sign, Restroom(s), Sidewalks
    Size
    2,895 SF
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Building materials
    Frame
    Architectural style
    Other

    Leeds Real Estate (906) 779-5333 [email protected]

    Listing agent KIMBERLY WEBB (906) 779-5333 License #6501341251

    Listing date Dec 1, 2025

    MLS# 50155622 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

    High-Traffic Commercial Property For Sale

    This commercial property is located on a corner lot in a high-traffic location in Iron Mountain, Michigan. Situated at a busy stoplight and surrounded by thriving businesses, the property offers excellent visibility and accessibility. The lot spans nearly half an acre (0.48 acres) and includes ample parking space. The property features a building of nearly 3,000 square feet (2,895 square feet), making it suitable for retail, food service, or office use. A portion of the building is currently rented, providing immediate additional income. This property presents a combination of location, space, and potential for success.
    Insight Report Location Intelligence

    Current Use by Public Records

    Borderhounds Non-Profit Organization

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.0689
    Latitude
    45.811265

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    FAQs

    What type of property is this?
    Retail space - Prime corner lot in Iron Mountain with income potential.
    Where is this retail space located?
    The property is located at 1200 Carpenter Ave Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - **High-traffic corner lot** at a busy stoplight with excellent visibility and accessibility.; - Nearly half-acre lot with ample parking space.; - Nearly 3,000 sq. ft. building suitable for retail, food service, or office use.
    (906) 779-5333
    Request Owner's contact information
    1200 Carpenter Ave Iron Mountain, MI 49801
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    Iron Mountain, MI 49801
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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
    1200 Carpenter Ave Iron Mountain, MI 49801
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