Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Metal Commercial Building For Sale Title is generated by Realmo AI

    105 N Lake Antoine, Iron Mountain, MI 49801

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial/Industrial - Iron Mountain, MI

    Property size:
    4,388 SF
    Price / SF:
    $2/SF
    Added:
    Oct 24, 2025
    Days on Market:
    205
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for 105 N Lake Antoine

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    N/A
    Size
    4,388 SF

    Building Details

    Year built
    1950
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    STEVE HARRIS
    STEVE HARRIS

    Listing agent STEVE HARRIS

    Listing office HARRIS STATE WIDE 221 East A Street, Iron Mountain, MI

    Listing date Oct 24, 2025

    MLS# 50192462 Listing URL

    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

    • Disassemblable and reassemblable commercial building.
    • Suitable for starting a shop or expanding existing space.
    • Metal construction and roof.
    • Year Built: 1950.
    • All offers considered.

    Overview

    A sheet metal commercial building is available for purchase, offered without the inclusion of the business or real estate. The structure, encompassing 4,388 square feet, is located in Iron Mountain, Dickinson County, Michigan, with a postal code of 49801. Zoned for commercial use, the building can be disassembled and reassembled at a different site, making it suitable for establishing a new shop or expanding existing space. The property is situated in Iron Mountain, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility City Sales Inc Home Decor Store

    Map

    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.050089
    Latitude
    45.839518

    Nearby Similar for Sale

    • $329,500
      3,288 SF

      Iron Mountain Commercial Building For Sale

      3,288 SF commercial building with high traffic visibility.
      1605 N Stephenson, Iron Mountain, MI 49801
      View Details
    • $324,900
      3,325 SF

      Versatile Commercial Building on Corner Lot

      Retail and storage space with expansion potential in Iron Mountain.
      101 W Hughitt, Iron Mountain, MI 49801
      View Details
    • $425,000
      8,852 SF

      Versatile Commercial Property on Two Acres

      9,000+ sq ft commercial property with living quarters.
      5000 N Stephenson, Iron Mountain, MI 49801
      View Details
    • $519,900
      2,640 SF

      Updated Office Building on Corner

      High-visibility Iron Mountain office building with modern updates.
      126 Woodward, Iron Mountain, MI 49801
      View Details
    • $550,000
      3,124 SF

      Iron Mountain Commercial Buildings For Sale

      Two commercial buildings on nearly an acre with high visibility.
      701 N Stephenson, Iron Mountain, MI 49801
      View Details
    • $750,000
      6,328 SF

      Prime Commercial Space on 1.15 Acres

      High-visibility commercial/retail space in a thriving location.
      W8145 US2, Iron Mountain, MI 49801
      View Details
    • $550,000
      4,680 SF

      Turnkey Restaurant and Bar Opportunity

      Established bar and restaurant in a high-traffic historic district.
      207 E Hughitt, Iron Mountain, MI 49801
      View Details
    • $549,900
      21,600 SF

      Versatile Industrial Property in Iron Mountain

      21,000 sq. ft. industrial space suitable for diverse businesses.
      623 Circle, Iron Mountain, MI 49801
      View Details
    • $495,000
      2,528 SF

      Iron Mountain Commercial Opportunity

      Commercial property in Iron Mountain, currently leased to pizza company.
      1600 S Stephenson, Iron Mountain, MI 49801
      View Details
    • $1,850,000
      3,519 SF

      Turnkey Auto Service Facility Business

      Modern, fully equipped auto service facility with additional income opportunities.
      1137 S Stephenson, Iron Mountain, MI 49801
      View Details
    • $275,000
      2,190 SF

      Prime Retail/Commercial Space Available

      High-visibility retail/commercial space on a .92-acre lot.
      2045 S Stephenson, Iron Mountain, MI 49801
      View Details
    • $2,300,000
      60,000 SF

      Iron Mountain Commercial/Industrial Building

      60,000 sq ft commercial building on 2.8 acres.
      106 E Smith, Iron Mountain, MI 49801
      View Details

    FAQs

    What type of property is this?
    Specialty property - Sheet metal commercial building for sale, no real estate included.
    Where is this specialty property located?
    The property is located at 105 N Lake Antoine Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Disassemblable and reassemblable commercial building.; Suitable for starting a shop or expanding existing space.; Metal construction and roof.
    (906) 828-1099
    We can help!
    Listing Contact
    STEVE HARRIS
    STEVE HARRIS
    Real Estate License ID: UPAR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    105 N Lake Antoine, Iron Mountain, MI 49801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!