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Retail Building with Basement
For Sale
$230,000

128 W Genesee Street, Iron River, MI 49935

COM/IND/BUS OPP, Iron River, MI

Property Size5,251 SF
Lot Size0.16 Acres
Price / SF$43.80
Days on Market19

Property Features for 128 W Genesee Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Lot features Corner Lot, Main Street
Subdivision Iron River (36010)
Standard status Active
Size 5,251 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 5501

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

basement storage

Building Details

Year built 1945
Listing Agency: STEPHENS REAL ESTATE-IRON RIVER
Listed By: STEPHEN REMONDINI · License #43576
Added: Sep 18 Changed: Sep 21 Last Checked: Oct 6 at 5:06AM
MLS# 50222496

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 retail property includes a substantial storefront area and a large basement that can support inventory, equipment, or additional workspace. The building has central air, forced-air heating, public water, and a 400-amp electrical service. Improvements include a newer furnace, air-conditioning system, roof, and steel exterior.

Positioned on W Genesee Street in downtown Iron River, the property offers on-site parking and a commercial setting suited to retail, office, or rental space. Built in 1945, the building combines an established structure with infrastructure updates that support continued commercial use.

Key Highlights

  • Large basement for storage, equipment, or workspace
  • 400‑amp electrical service
  • Newer furnace, air‑conditioning system, roof, and steel exterior

Property Analytics

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Current Use

Robert P. Busakowski, ... Pharmacy Corner Drugstore Pharmacy

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Dental Office (Bike/Boat/Book/etc) Store Furniture & Home Goods Barber Shop

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

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

348
Businesses Nearby
39k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Dining 29% Apparel 10% Hotels & Casinos 5%
Holiday Station Store Shops & Services
12,410 visits/mo 0.1 miles
McDonald's Dining
11,498 visits/mo 0.4 miles
Dollar General Shops & Services
4,686 visits/mo 0.4 miles
Windsor Apparel
3,888 visits/mo 0.3 miles
Family Dollar Shops & Services
3,774 visits/mo 0.3 miles

Demographics for 49935, MI

5,952
Population
4,610
Households
1.3
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
457.0 sq mi
ZIP Area
13
Density / Sq Mi
$52,254
Median Household Income
$38,052
Median Earnings
$445
Median Rent
$103,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Commercially zoned property with adaptable retail space, on-site parking, and updated building systems.
Where is this retail space located?
The property is located at 128 W Genesee Street Iron River, MI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Large basement for storage, equipment, or workspace; 400‑amp electrical service; Newer furnace, air‑conditioning system, roof, and steel exterior
More about this property
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