Second-Floor Office
For Lease
$950/Mo
127 S Stephenson Avenue, Iron Mountain, MI 49801
COM/IND/BUS OPP, Iron Mountain, MI
Space Size630 SF
Days on Market277
Property Features for 127 S Stephenson Avenue
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Corner Lot, Main Street
Subdivision
Iron Mountain (22007)
Standard status
Active
Size
630 SF
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1910
Listing Agency:
STEPHENS REAL ESTATE
(906) 774-8570
Listed By:
RYAN GORDON · License #6502420131
(906) 282-1644
Added: Nov 24, 2025
Changed: Aug 19
Last Checked: Aug 28 at 6:06AM
MLS# 50194938
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.
This 630-square-foot office unit occupies the second floor of the historic Stephenson Court Building at 127 S Stephenson Avenue. Built in 1910, the property features forced-air heating, central air, public water, and multiple restrooms serving the second floor. The suite receives substantial natural light and looks toward Stephenson Avenue.
Access is provided by both stairs and elevator. Parking is available behind the building and along the street. Located in downtown Iron Mountain, the office benefits from a setting within the city’s central commercial activity and offers exposure along Stephenson Avenue for business identification and advertising.
Access is provided by both stairs and elevator. Parking is available behind the building and along the street. Located in downtown Iron Mountain, the office benefits from a setting within the city’s central commercial activity and offers exposure along Stephenson Avenue for business identification and advertising.
Key Highlights
- 630‑square‑foot second‑floor office unit
- Located in the historic Stephenson Court Building, built in 1910
- Stairway and elevator access to the second floor
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.72 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
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
This space is priced 4% below the average of $18.82 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Historic building space with elevator access, natural light, central air, and available rear and street parking.
Where is this office units located?
The property is located at 127 S Stephenson Avenue Iron Mountain, MI.
What is the lease rate?
The lease rate is $950/Mo.
What are key features of this property?
This property features: 630‑square‑foot second‑floor office unit; Located in the historic Stephenson Court Building, built in 1910; Stairway and elevator access to the second floor
