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    3232 W Frank Pipp Dr Iron Mountain, MI 49801

    For Sale
    $1,800,000

    Commercial/Industrial - Iron Mountain, MI

    Property size:
    33,600 SF
    Lot size:
    4.00 Acres
    Days on Market:
    143
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 3232 W Frank Pipp Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    051-700-200-00
    Interior features
    Concrete Floor, No Elevator, Overhead Doors
    Accessibility
    Accessible Elevator Installed
    Size
    33,600 SF
    Lot size
    4.00 Acres

    Building Details

    Year built
    1987
    Flooring type
    Concrete
    Roof type
    Shingle
    Architectural style
    Other

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

    Listing agent RYAN GORDON (906) 774-8570

    Listing date Jul 24, 2025

    MLS# 50131602 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

    Self-Storage Business on 4 Acres

    This self-storage business features two buildings containing a total of 156 units in various sizes. The property is located on the edge of town, just off US Hwy 2, and is situated on a 4-acre parcel with room to add another storage building. The business maintains occupancy rates consistently between 94% and 100%. The total living area of the buildings is 33,600 square feet. This property presents a passive income opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kodiak Storage Storage Facility

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.052045314789
    Latitude
    45.846059788707

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    FAQs

    What type of property is this?
    Self storage facility - Successful self-storage business with expansion potential in Iron Mountain, MI.
    Where is this self storage facility located?
    The property is located at 3232 W Frank Pipp Dr Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Highly successful self-storage business with consistently high occupancy rates (94-100%).; - Great passive income opportunity for investors.; - Located in a desirable location on the edge of town, just off US Hwy 2.
    (906) 774-8570
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    3232 W Frank Pipp Dr 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
    3232 W Frank Pipp Dr Iron Mountain, MI 49801
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