W8145 US2 Highway Iron Mountain, MI 49801
COMMERCIAL - Iron Mountain, MI
Property Features for W8145 US2 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Parking Lot
- Exterior features
- Wheelchair Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 6,328 SF
- Lot size
- 1.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15144
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 2003
- Roof type
- Rubber
Listing agent RYAN GORDON License #6502420131 (906) 282-1644
Listing office STEPHENS REAL ESTATE 1320 CARPENTER AVE., Iron Mountain, MI (906) 774-8570
Listing date Feb 11, 2026
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.
The property sits on 1.15 acres and is positioned as an outlot in front of major retailers. Remarks indicate ample parking for customers and strong visibility in the immediate retail area.
Seller financing is available. An adjacent one-acre lot is also available for purchase, which may provide additional frontage for future expansion.
Key Highlights
- Seller financing available
- High‑visibility location with exceptional frontage and high traffic counts
- Expansive 6,300+ sq ft modern building on 1.15 acres
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.1k | $14.40 |
| − Vacancy | −$9.6k | −$1.51 |
| EGI | $81.6k | $12.89 |
| − OpEx | −$24.5k | −$3.87 |
| NOI | $57.1k | $9.02 |
