1333 S Jackson St, Iron Mountain, MI 49801
For Sale
$1,300,000
Three-building layout combines production, storage, inventory, equipment, and administrative areas with single-phase power.
Property Size7,600 SF
Lot Size0.46 Acres
Price / SF$171.05
Days on Market96
Property Features for 1333 S Jackson St
General Information
Standard status
Property type
Size
Lot size
Occupancy
Investment Type
Building Details
Year Built
Buildings
Stories
Units
Listed By:
Ryan Gordon
(906) 774-8570
Added: Aug 11
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,131
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,602,620
$1.6M
Cap Rate 7%
$1,144,729
$1.1M
Cap Rate 9%
$890,344
$890.3K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$136.8K $18.00/SF
− Vacancy
−$30.0K −$3.94/SF
EGI
$106.8K $14.06/SF
− OpEx
−$26.7K −$3.51/SF
NOI
$80.1K $10.54/SF
Area
Dickinson County, MI
Vacancy
21.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,602,620
Cap Rate 7%
$1,144,729
Cap Rate 9%
$890,344
Alternative Uses
Best Use
Office B
$1.14M
$1.00M – $1.34M
NOI $80,131 @ 7.0% cap · market cap 6.16%
Second Best
Industrial
$537.9K
$470.7K – $627.6K
NOI $37,655 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,567 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
585
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Three-building layout combines production, storage, inventory, equipment, and administrative areas with single-phase power.
Where is this manufacturing property located?
The property is located at 1333 S Jackson St Iron Mountain, MI.
What is the asking price?
The asking price for this property is $1,300,000.
