Modern Auto Service
For Sale
$1,650,000
1137 S Stephenson Street, Iron Mountain, MI 49801
COMMERCIAL - Iron Mountain, MI
Property Size3,519 SF
Lot Size1.10 Acres
Price / SF$468.88
Days on Market360
Property Features for 1137 S Stephenson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Main Street
Subdivision
Iron Mountain (22007)
Standard status
Active
Size
3,519 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7604
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Radiant heat
Forced air furnace
Trench drains with oil separator
Air exchanger
Ceiling fans
Emergency and exit lighting
ADA compliant
Energy-efficient lighting (2020)
Security camera system
Building Details
Year built
2014
Listing Agency:
COLDWELL BANKER REAL ESTATE GROUP
(906) 774-1300
Listed By:
CARRIE TORETTA-PARTELLO · License #6501298751
(906) 396-4985
Added: Aug 27, 2025
Changed: Aug 13
Last Checked: Aug 21 at 12:06AM
MLS# 50186822
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.
Built in 2014, this commercial auto shop combines a 3,519-square-foot service building with a 408-square-foot office, public restroom, and 3,111-square-foot shop containing six service bays. An upper-level 408-square-foot breakroom includes a refrigerator, sink, microwave, cabinets, dishware, and television, while an employee bathroom provides a shower. The property also includes approximately 572 square feet of loft storage with a reinforced floor and a detached 15-by-20-foot storage garage.
Shop improvements include radiant natural-gas heat, trench drains with an oil separator, an air exchanger, three ceiling fans, emergency and exit lighting, ADA compliance, energy-efficient lighting installed in 2020, and a security camera system. The sale includes automotive service equipment, inventory, and supplies, along with an established snow removal and salt business serving 20 regular customers. A 2015 Ford F-350 with a Boss 9'2" V plow and Boss salter is included. The property is located on Highway US 2 at a signalized intersection in Iron Mountain, with a parking lot and public water.
Shop improvements include radiant natural-gas heat, trench drains with an oil separator, an air exchanger, three ceiling fans, emergency and exit lighting, ADA compliance, energy-efficient lighting installed in 2020, and a security camera system. The sale includes automotive service equipment, inventory, and supplies, along with an established snow removal and salt business serving 20 regular customers. A 2015 Ford F-350 with a Boss 9'2" V plow and Boss salter is included. The property is located on Highway US 2 at a signalized intersection in Iron Mountain, with a parking lot and public water.
Key Highlights
- 3,519‑square‑foot auto service facility built in 2014
- Six service bays within a 3,111‑square‑foot shop area
- Includes approximately 572 square feet of loft storage and a 15‑by‑20‑foot detached garage
Property Analytics
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
111k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Groceries 23%
Shops & Services 16%
Home Improvements & Furnishings 2%
Super One Foods
Groceries
25,772 visits/mo
0.2 miles
McDonald's
Dining
20,955 visits/mo
0.1 miles
Taco Bell
Dining
17,113 visits/mo
0.5 miles
Holiday Station Store
Shops & Services
12,958 visits/mo
0.4 miles
Wendy's
Dining
12,898 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Total Car Care — 721 Terminal Ave, Iron Mountain, MI 49801
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- B & B Tire and Auto — 1434 Carpenter Ave, Iron Mountain, MI 49801
- Lindsley Collision Repair LLC — 1300 Cedar Ave, Iron Mountain, MI 49801
- ALCOLOCK Ignition Interlock — 721 Terminal Ave, Iron Mountain, MI 49801
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-bay commercial facility with service equipment, office space, storage, and an included snow removal business.
Where is this auto shop located?
The property is located at 1137 S Stephenson Street Iron Mountain, MI.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 3,519‑square‑foot auto service facility built in 2014; Six service bays within a 3,111‑square‑foot shop area; Includes approximately 572 square feet of loft storage and a 15‑by‑20‑foot detached garage
