Office-Warehouse Flex
For Sale
$1,200,000
101 W F Street, Iron Mountain, MI 49801
COM/IND/BUS OPP, Iron Mountain, MI
Property Size7,540 SF
Lot Size0.43 Acres
Price / SF$159.15
Days on Market51
Property Features for 101 W F Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Iron Mountain (22007)
Standard status
Active
Size
7,540 SF
Lot size
0.43 Acres
Utilities
Heating system
Radiant
Water source
Public
Building Details
Year built
1930
Listing Agency:
STEPHENS REAL ESTATE
(906) 774-8570
Listed By:
RYAN GORDON
(906) 282-1644
Added: Sep 4
Changed: Oct 8
Last Checked: Oct 24 at 5:06AM
MLS# 50220875
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.
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Investment Insights
Based on property information with market context.
At 101 W F Street in Iron Mountain, this 7,540-square-foot flex property brings office and warehouse functions together, with dedicated work areas and restrooms. Built in 1930, the building has radiant heating and public water service on a 0.43-acre parcel.
The sale also includes the wholesale business, furniture and fixtures, four vans, four trucks, and a forklift. These assets are part of the offering alongside the commercial property.
The sale also includes the wholesale business, furniture and fixtures, four vans, four trucks, and a forklift. These assets are part of the offering alongside the commercial property.
Key Highlights
- 7,540‑square‑foot building with office and warehouse areas
- 0.43‑acre parcel in Iron Mountain, Michigan
- Built in 1930; radiant heat and public water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,033
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,660
$900.7K
Cap Rate 7%
$643,329
$643.3K
Cap Rate 9%
$500,367
$500.4K
Market Conditions
NOI Build-Up for 7,540 SF
Gross rent
$55.4K $7.35/SF
− Vacancy
−$2.4K −$0.32/SF
EGI
$53.0K $7.03/SF
− OpEx
−$7.9K −$1.05/SF
NOI
$45.0K $5.97/SF
Area
Dickinson County, MI
Vacancy
4.40%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,660
Cap Rate 7%
$643,329
Cap Rate 9%
$500,367
Alternative Uses
Best Use
Warehouse
$643.3K
$562.9K – $750.6K
NOI $45,033 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$533.7K
$467.0K – $622.6K
NOI $37,358 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,757 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49801, MI
11,479
Population
5,927
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
123.9 sq mi
ZIP Area
93
Density / Sq Mi
$62,461
Median Household Income
$41,468
Median Earnings
$667
Median Rent
$157,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The building combines dedicated office areas with warehouse space, restrooms, and radiant heat.
Where is this flex space located?
The property is located at 101 W F Street Iron Mountain, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,540‑square‑foot building with office and warehouse areas; 0.43‑acre parcel in Iron Mountain, Michigan; Built in 1930; radiant heat and public water
