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Mixed-Use Building with Apartments
For Sale
$425,000

417 Washington Avenue, Iron River, MI 49935

COM/IND/BUS OPP, Iron River, MI

Property Size6,237 SF
Lot Size0.18 Acres
Price / SF$68.14
Days on Market113

Property Features for 417 Washington Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Professional Office,Comme
Zoning description Professional Office, Commercial
Patio and Porch features Patio
Exterior features Deck/Patio, Wheelchair Access
Accessibility Accessible Approach with Ramp
Lot features Main Street
Subdivision Iron River (36010)
Standard status Active
Size 6,237 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7963

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

upper deck
on-site parking lot
appliances
storage space

Building Details

Year built 1996
Listing Agency: STEPHENS REAL ESTATE-IRON RIVER
Listed By: STEPHEN REMONDINI · License #11057094
Added: May 4 Changed: Aug 19 Last Checked: Aug 24 at 12:06AM
MLS# 50206454

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.

This mixed-use property combines a barrier-free professional office layout with residential space above. The main level includes a reception area, waiting room, three patient examination rooms, private offices, a computer and IT/storage room, and two restrooms. Forced-air heat, central air, wheelchair access, and a ramp support the building’s functionality. The property was built in 1996 and measures 6,237 square feet overall, including a 2,079-square-foot poured basement.

The upper level contains two apartments with appliances: one offers two bedrooms and one bathroom, while the other has one bedroom and one bathroom. The one-bedroom apartment also includes an upper deck. A 0.18-acre lot provides an on-site parking area, and public water serves the property. Zoning is identified as Professional Office, Comme.

Key Highlights

  • 6,237‑square‑foot mixed‑use property with 4,158 square feet of commercial and residential space
  • Barrier‑free main level with reception, waiting area, 3 exam rooms, private offices, IT/storage room, and 2 restrooms
  • Two apartments: one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit

Property Analytics

Current Use

Iron County Internal ... Medical Clinic Robert F. Han, ... Physician Megan Collins Physician Melanie Martin Pediatrician Clayton Shaker Physician

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Real Estate Agency Nail Salon Electrical Service

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

2
Residential units

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Barrier-free professional office space is paired with two furnished apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 417 Washington Avenue Iron River, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 6,237‑square‑foot mixed‑use property with 4,158 square feet of commercial and residential space; Barrier‑free main level with reception, waiting area, 3 exam rooms, private offices, IT/storage room, and 2 restrooms; Two apartments: one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
More about this property
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