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Historic Two-Story Office Building
For Sale
$50,000

208 Cherry Street, Iron River, MI 49935

COM/IND/BUS OPP, Iron River, MI

Property Size8,084 SF
Lot Size0.19 Acres
Price / SF$6.19
Days on Market349

Property Features for 208 Cherry Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Lot features Main Street, Residential Area
Subdivision Iron River (36010)
Standard status Active
Size 8,084 SF
Lot size 0.19 Acres

Taxes and HOA fees

Tax Annual Amount 1520

Utilities

Heating system Forced Air
Water source Public

Amenities

drive-in garage area

Building Details

Year built 1913
Roof type Asphalt, Rubber
Listing Agency: KELLER WILLIAMS CLASSIC REALTY NW · Keller Williams Realty
Listed By: NICOLE HEBERT · License #43811
Added: Sep 22, 2025 Changed: Aug 21 Last Checked: Sep 5 at 10:06PM
MLS# 50189476

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1913, this two-story brick commercial building contains 8,084 square feet on a 0.19-acre parcel. Formerly Stambaugh City Hall, the property retains original wood entry doors and exposed brick elements inside and out. The interior is open for renovation and could accommodate office, retail, restaurant, brewery, winery, or nightclub concepts described for the property.

Commercial zoning, forced-air heating, public water, and asphalt and rubber roofing are in place. Parking is available beside the building and along the street, while a drive-in garage area provides alley access. The property is located at 208 Cherry Street in Iron River, Michigan, within Iron County.

Key Highlights

  • 8,084‑square‑foot commercial building on a 0.19‑acre parcel
  • Two‑story brick structure built in 1913
  • Former Stambaugh City Hall with original wood entry doors

Property Analytics

Current Use

Iron River City ... City Government Office

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Dental Office Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 49935, MI

5,952
Population
4,610
Households
1.3
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
457.0 sq mi
ZIP Area
13
Density / Sq Mi
$52,254
Median Household Income
$38,052
Median Earnings
$445
Median Rent
$103,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Commercially zoned property with public water, available parking, and an alley-access garage area.
Where is this office building located?
The property is located at 208 Cherry Street Iron River, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: 8,084‑square‑foot commercial building on a 0.19‑acre parcel; Two‑story brick structure built in 1913; Former Stambaugh City Hall with original wood entry doors
More about this property
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