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    305 S Stephenson Ave Iron Mountain, MI 49801

    For Sale
    $199,000

    Commercial/Industrial - Iron Mountain, MI

    Property size:
    4,141 SF
    Lot size:
    0.83 Acres
    Days on Market:
    248
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 305 S Stephenson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    051-100-097-00
    Patio and Porch features
    Patio, Deck
    Interior features
    Display Window
    Exterior features
    Deck/Patio
    Size
    4,141 SF
    Lot size
    0.83 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1964
    Building materials
    Brick, Frame
    Architectural style
    Other

    HANSON REALTY INC (715) 324-5868

    Listing agent NATALIA BROWN (906) 774-1300 License #6501457282

    Listing date Apr 8, 2025

    MLS# 50170842 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

    Mixed-Use Property in Downtown Core

    Located in the vibrant downtown core, the property at 305 S Stephenson Avenue in Iron Mountain, MI, presents an investment opportunity with both commercial and residential spaces. The ground floor features a spacious commercial area benefiting from high foot traffic and excellent visibility. Above, a private 2-bedroom apartment is accessible from both the front and rear of the building and includes a deck, providing extra outdoor space. The property occupies a lot size of 0.83 acres and the building has a total area of 4141 square feet. This mixed-use property is situated in a prime location, making it an ideal investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sunny's Design and Alteration Sewing 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.

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.065363
    Latitude
    45.820181

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial and residential spaces in a vibrant downtown location.
    Where is this mixed-use property located?
    The property is located at 305 S Stephenson Ave Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Prime downtown location with high foot traffic; - Mixed-use property: commercial space on the ground floor and a 2-bedroom apartment above; - Private 2-bedroom apartment with deck
    (906) 774-1300
    Request Owner's contact information
    305 S Stephenson 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
    305 S Stephenson Ave Iron Mountain, MI 49801
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