Versatile Commercial Property on 2
5000 N Stephenson Avenue, Iron Mountain, MI 49801
COMMERCIAL - Iron Mountain, MI
Property size:
8,852 SFLot size:
2.11 AcresPrice / SF:
$48/SF- Added:
- Feb 13, 2026
- Days on Market:
- 97
- Last Refresh:
- May 21 at 2:06 pm
Property Features for 5000 N Stephenson Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 8,852 SF
- Lot size
- 2.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 15093
Utilities
- Heating system
- Forced Air
- Water source
- Private
Building Details
- Year built
- 1961
- Roof type
- Metal, Shingle, Asphalt
- Additional Structures
- Workshop
Listing agent KELLY CHALLANCIN License #6501420449 (906) 282-4906
Listing office LEEDS REAL ESTATE 1114 Carpenter Ave, Iron Mountain, MI (906) 779-5333
Listing date Feb 13, 2026
MLS# 50199437
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.
HighLights
- Over 9,000 sq ft of versatile commercial space on 2 acres.
- Includes 2‑bedroom living quarters (convertible to office/conference space).
- Features a 2,400+ sq ft shop building with overhead doors and a 1,400+ sq ft workshop area.
- Renovated 2,700+ sq ft retail space ready for various uses.
- Newer heating systems, septic, well pressure tank, and water heater (all since 2023).
- Workshop and shop building are currently leased, offering immediate income potential.
Overview
This commercial property offers over 9,000 sq ft of functional space on a 2.11-acre lot. The property includes a 2-bedroom, 1-bath living quarters that could also serve as office space or a conference or break room. There is a 1,400+ sq ft workshop area and a 2,400+ sq ft shop building with overhead doors suitable for storage, automotive, or light industrial use. A renovated 2,700+ sq ft space offers potential retail use. The retail space includes a 1/2 bath. An upper-level open area provides a blank canvas for expansion or additional office space. The property features newer forced NFA heating systems, a new septic system, a well pressure tank, and a water heater, all installed since 2023. The property has undergone major excavation, with new retaining walls and professional landscaping. The workshop and 2,400 sq ft shop building are currently leased, with negotiable terms. Located minutes from the Wisconsin border and the local airport, this property is suitable for logistics, retail, light manufacturing, or mixed-use development. It is located in Iron Mountain, MI.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Iron Mountain
- County
- Dickinson
- State
- Michigan
- Longitude
- -88.0573
- Latitude
- 45.8348
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Expansive commercial property with living quarters and high visibility.
Where is this mixed-use property located?
The property is located at 5000 N Stephenson Avenue Iron Mountain, 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: Over 9,000 sq ft of versatile commercial space on 2 acres.; Includes 2‑bedroom living quarters (convertible to office/conference space).; Features a 2,400+ sq ft shop building with overhead doors and a 1,400+ sq ft workshop area.
