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For Lease
$950/Mo

127 S Stephenson Ave, Iron Mountain, MI 49801

630 sq ft office space in historic downtown building.

Space Size630 SF
Days on Market93

Property Features for 127 S Stephenson Ave

General Information

Standard status Active
Property type Office Spaces
Size 630 SF
Elevators Yes
Lease Type Gross
Lease Term Flexible
Rate Type Monthly

Building Details

Year Built 1910
Year Renovated 2015
Buildings 1
Stories 2
Listed By: Ryan Gordon
Added: Jun 10

Property Analytics

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Current Use

R C Peterson ... Law Firm Kneaded Bodywork and Massage ... Alternative Medicine Practice Stephenson Court Building Real Estate Agency Upper Peninsula Michigan ... Employment Agency Lighthouse Title Group Title Company

Suggested Use

Top Pick HVAC Service Electrical Service Bakery Big Box & Wholesale Store Department Store Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.72 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

674
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Iron Mountain, MI

$18.82 /SF/Yr
Avg Asking Price
$14.4–$26 /SF/Yr
Price Range
608 SF
Avg Space Size

This space is priced 4% below the average of $18.82 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Guide Star 105 Kent St, Iron Mountain, MI 49801

Frequently Asked Questions

What type of property is this?
Office space - 630 sq ft office space in historic downtown building.
Where is this office space located?
The property is located at 127 S Stephenson Ave Iron Mountain, MI.
What is the lease rate?
The lease rate is $950/Mo.
More about this property
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