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    5000 N Stephenson Ave Iron Mountain, MI 49801

    For Sale
    $425,000

    Commercial/Industrial - Iron Mountain, MI

    Property size:
    8,852 SF
    Lot size:
    2.11 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 5000 N Stephenson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    051-701-400-00
    Parking features
    Parking Lot
    Interior features
    Bath, Cafe/Kitchen, Concrete Floor, Delivery Door, Display Window, Floor Drain, Floor Reinforced, Flr Thickness: 4+ - 6 In., Freight Elevator(s), Gas Available, Living Quarters Attached, Overhead Doors, Private Restrooms, Public Restrooms, Separate Meters, Sheet Flooring, Sidewalks, Tile Floors, Trash Removal, Under 400 Amps, Unfinished Floor, Vinyl/Laminate Floors, Smoke/Fire Alarm
    Accessibility
    Accessible Elevator Installed
    Size
    8,852 SF
    Lot size
    2.11 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1961
    Flooring type
    Concrete, Laminate, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Asphalt, Metal, Shingle
    Architectural style
    Other

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

    Listing agent KELLY CHALLANCIN (906) 779-5333 License #6501420449

    Listing date Nov 20, 2025

    MLS# 50182816 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

    Versatile Commercial Property on 2 Acres

    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. A 1,400+ sq ft workshop area and a 2,400+ sq ft shop building with overhead doors are suitable for storage, automotive, or light industrial use. The property also features a renovated 2,700+ sq ft potential retail space with a half bath, ready for a wide variety of uses. An upper-level open area provides a blank canvas for expansion or additional office space. The property has newer forced NFA heating systems, a new septic system, a well-pressure tank, and a water heater, with concrete work completed since 2023. The entire property has been improved with excavation, 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.0573
    Latitude
    45.8348

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    FAQs

    What type of property is this?
    Retail space - 9,000+ sq ft commercial property with living quarters.
    Where is this retail space located?
    The property is located at 5000 N Stephenson Ave 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, adaptable for office/conference use.; - 2,400+ sq ft shop building with overhead doors, suitable for various uses.
    (906) 779-5333
    Request Owner's contact information
    5000 N 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
    5000 N Stephenson Ave Iron Mountain, MI 49801
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