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First-Floor Office Unit with Large Windows
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127 S Stephenson Ave Iron, Iron Mountain, MI 49801

Historic downtown office space with street-facing windows, natural light, and parking options.

Space Size400 SF
Days on Market194

Property Features for 127 S Stephenson Ave Iron

General Information

Standard status Active
Size 400 SF
Net Rentable 400 SF
Property subtype Multi Tenant Office

Space & Availability

Available Space 400 SF
Contiguous Space 400 SF
Floor 1
Space Use Office
Condition Move-in Ready
Listing Agency: Stephens Real Estate
Listed By: Ryan Gordon · License #6502420131
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 9:26PM

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 Stephens Real Estate

Investment Insights

Based on property information with market context.

This 400-square-foot office unit is positioned on the first floor of the historic Stephenson Court Building at 127 S Stephenson Ave. Large windows facing Stephenson Avenue bring in natural light and provide exposure from the street. The space is described as move-in ready and adaptable for professional use.

The property is situated in downtown Iron Mountain, within the area’s central business activity. Parking is available both behind the building and along the street, adding practical convenience for occupants and visitors.

Key Highlights

  • 400‑square‑foot first‑floor office unit
  • Located in the historic Stephenson Court Building
  • Large windows overlook Stephenson Avenue

Property Analytics

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 Parking Lot & Garage Daycare Center HVAC Service Storage Facility Carpet & Flooring Store Bakery

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

Location Intelligence

Trade Area within ½ mile

674
Businesses Nearby

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

Lease Benchmarks for Iron Mountain, MI

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

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
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Frequently Asked Questions

What type of property is this?
Office units - Historic downtown office space with street-facing windows, natural light, and parking options.
Where is this office units located?
The property is located at 127 S Stephenson Ave Iron Iron Mountain, MI.
What are key features of this property?
This property features: 400‑square‑foot first‑floor office unit; Located in the historic Stephenson Court Building; Large windows overlook Stephenson Avenue
More about this property
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