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    127 S Stephenson Ave Iron Mountain, MI 49801

    For Lease
    $950 /Mo ($18 SF/Yr)

    Office - Iron Mountain, MI

    Type:Office
    Property size:
    630 SF
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 127 S Stephenson Ave

    General Information

    Property type
    Residential Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    05110003600
    Interior features
    Elevator(s), Restroom(s), Sidewalks
    Accessibility
    Accessible Elevator Installed
    Size
    630 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Building materials
    Brick
    Architectural style
    Other

    Stephens Real Estate (906) 774-8570 [email protected]

    Listing agent RYAN GORDON (906) 774-8570

    Listing date Nov 24, 2025

    MLS# 50194938 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

    Downtown Office Space For Rent

    This 630 sq ft office space is located on the second floor of the historic Stephenson Court Building in downtown Iron Mountain, MI. The unit benefits from natural light and overlooks Stephenson Avenue, offering visibility and advertising potential. Access is provided via stairway and elevator. Multiple restrooms are available on the second floor. Parking is available in the rear and on the street. The property is suitable for any type of business and is located in the heart of downtown's hub and activity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    R C Peterson ... Attorney Kneaded Bodywork and Massage ... Massage Therapist Stephenson Court Building Office Space Rental Agency Upper Peninsula Michigan ... Employment Agency Lighthouse Title Group Title Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.064079
    Latitude
    45.821438

    Nearby Similar for Lease

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    • $1,200 /Mo
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    • $700 /Mo
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    FAQs

    What type of property is this?
    Office space - 630 sq ft office space in historic downtown building.
    Where is this office space located?
    The property is located at 127 S Stephenson Ave Iron Mountain, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location in the heart of the business district; - High visibility overlooking Stephenson Avenue, ideal for advertising; - Abundant natural light
    (906) 774-8570
    Request Owner's contact information
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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
    127 S Stephenson Ave Iron Mountain, MI 49801
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