126 Woodward Iron Mountain, MI 49801
Architectural building with exceptional exposure in thriving Iron Mountain area.
Property Features for 126 Woodward
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1972
Listing office Leeds Real Estate
Listing date May 22, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Leeds Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility corner lot location with stoplight in a thriving area.
- Updated office space with sleek glass interior walls and abundant natural light.
- Strong traffic flow and excellent accessibility.
Local Financial Insights For Office B
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 | $47.5k | $18.00 |
| − Vacancy | −$10.4k | −$3.94 |
| EGI | $37.1k | $14.06 |
| − OpEx | −$9.3k | −$3.51 |
| NOI | $27.8k | $10.54 |
