126 Woodward Avenue, Iron Mountain, MI 49801
COMMERCIAL - Iron Mountain, MI
- Added:
- Mar 5, 2026
- Days on Market:
- 122
- Last Refresh:
- Jul 5 at 9:06 pm
Property Features for 126 Woodward Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9242
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Roof type
- Shingle
Listing agent KIMBERLY WEBB License #6501341251 (906) 396-9422
Listing office LEEDS REAL ESTATE 1114 Carpenter Ave, Iron Mountain, MI (906) 779-5333
Listing date Mar 5, 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.
HighLights
- High‑visibility corner lot location with stoplight access in a thriving area.
- Updated office space with sleek glass interior walls and natural light.
- Strong traffic flow and excellent accessibility.
- Ample on‑site parking.
- Minutes from Ford Airport with commercial service.
- Spacious conference room, well‑appointed bathrooms, and dedicated breakroom.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Iron Mountain
- County
- Dickinson
- State
- Michigan
- Longitude
- -88.068164
- Latitude
- 45.808053
