First-Floor Office
For Lease
$700/Mo
127 S Stephenson Avenue, Iron Mountain, MI 49801
COM/IND/BUS OPP, Iron Mountain, MI
Space Size400 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
400 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# 50194937
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 400-square-foot office unit occupies the first floor of the Stephenson Court Building, constructed in 1910. The space receives natural light through large windows facing Stephenson Avenue and is described as move-in ready. Forced-air heating, central air, and public water serve the unit, while Commercial zoning supports office use.
The property sits in downtown Iron Mountain at 127 S Stephenson Avenue, placing the office within the city’s central business activity. Parking is available behind the building and on the street. The street-facing windows also provide an exterior-facing display area for business identification or advertising.
The property sits in downtown Iron Mountain at 127 S Stephenson Avenue, placing the office within the city’s central business activity. Parking is available behind the building and on the street. The street-facing windows also provide an exterior-facing display area for business identification or advertising.
Key Highlights
- 400‑square‑foot first‑floor office unit
- Large windows overlook Stephenson Avenue
- Located in the Stephenson Court Building, constructed in 1910
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.15 /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 12% above the average of $18.82 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Large windows face Stephenson Avenue, with parking available behind the building and along the street.
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 $700/Mo.
What are key features of this property?
This property features: 400‑square‑foot first‑floor office unit; Large windows overlook Stephenson Avenue; Located in the Stephenson Court Building, constructed in 1910
