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    701 N Stephenson Ave Iron Mountain, MI 49801

    For Sale
    $550,000

    Investment - Iron Mountain, MI

    Property size:
    3,124 SF
    Lot size:
    0.15 Acres
    Days on Market:
    108
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 701 N Stephenson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    051-101-133-00
    Parking features
    Off Street, Parking Lot
    Patio and Porch features
    Patio, Deck
    Interior features
    220 Volt Power, ADA Accessible, Additional Bldg(s), Internet Available, Electric Available, Fence, Lawn Sprinkler, Pole Sign, Private Restrooms, Public Restrooms, Restroom(s), Roof Sign, Sidewalks
    Exterior features
    Ada Accessible, Additional Bldg(s), Fence, Lawn Sprinkler, Deck/Patio, Lawn Sprinkler, Wheelchair Access, Fence Owned
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Size
    3,124 SF
    Lot size
    0.15 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1947
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    Harris State Wide, Inc (906) 828-1099 [email protected]

    Listing agent HUGH HARRIS (906) 828-1099

    Listing date Aug 26, 2025

    MLS# 50179943 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

    Iron Mountain Commercial Buildings For Sale

    Two commercial buildings are available for sale, situated on nearly an acre with frontage on Main Street and Highway US2. The property includes an off-street parking lot, central air conditioning, a commercial freezer, and lawn sprinklers. It also features a full basement, 200 amp electric service, a drive-through, and vaulted tongue and groove ceilings. The former Smoklers drive-through building can be removed to create more space. This high-visibility commercial real estate is suitable for investors, business owners, and developers. The property is located in Iron Mountain, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Open Healing Space Massage Therapist Mike's Auto Repair Auto Repair Shop Smokler's BBQ & Catering Caterer

    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
    -88.059431
    Latitude
    45.830309

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    FAQs

    What type of property is this?
    Drive through restaurant - Two commercial buildings on nearly an acre with high visibility.
    Where is this drive through restaurant located?
    The property is located at 701 N Stephenson Ave Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location with Main Street and Highway US2 frontage.; - Two commercial buildings on nearly an acre.; - High visibility commercial real estate.
    (906) 828-1099
    Request Owner's contact information
    701 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
    701 N Stephenson Ave Iron Mountain, MI 49801
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