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    311 S Stephenson Ave Iron Mountain, MI 49801

    For Sale
    $294,500

    Commercial/Industrial - Iron Mountain, MI

    Property size:
    4,800 SF
    Lot size:
    0.08 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 311 S Stephenson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    051-100-098-00
    Interior features
    Display Window, Electric Available, Fixtures, Restroom(s), Sidewalks
    Size
    4,800 SF
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1850
    Building materials
    Block, Brick
    Architectural style
    Other

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

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

    Listing date Oct 21, 2025

    MLS# 50147221 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

    Restored Downtown Commercial Property

    This commercial property is located in the Historical Iron Mountain Downtown area. The facade has been restored, and large front windows have been installed, making it suitable for retail businesses. The main floor features an open concept design with vaulted ceilings and exposed brick interiors. Arched window frames add to the building's character. The solid structure includes a full basement and two upstairs apartments, offering additional income potential. One apartment features a 2-bedroom, 1-bath layout, while the other is a large studio apartment. The entire property benefits from new windows. An upper deck provides private outdoor space. The property size is 4,800 square feet and the lot size is 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.065239
    Latitude
    45.819989

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    FAQs

    What type of property is this?
    Mixed-use property - Historical Iron Mountain property with retail space and apartments.
    Where is this mixed-use property located?
    The property is located at 311 S Stephenson Ave Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $294,500.
    What are key features of this property?
    This property features: - Prime location in the desirable Historical Iron Mountain Downtown.; - Restored facade and **large front windows ideal for retail businesses.**; - Two upstairs apartments (2-bedroom and studio) provide income potential.
    (906) 779-5333
    Request Owner's contact information
    311 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
    311 S Stephenson Ave Iron Mountain, MI 49801
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