Multi-Building Manufacturing
New
For Sale
$1,300,000
1333 S Jackson Street, Iron Mountain, MI 49801
COMMERCIAL - Iron Mountain, MI
Property Size7,600 SF
Lot Size0.46 Acres
Price / SF$171.05
Days on Market3
Property Features for 1333 S Jackson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Industrial
Subdivision
Iron Mountain (22007)
Standard status
Active
Size
7,600 SF
Lot size
0.46 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Listing Agency:
STEPHENS REAL ESTATE
(906) 774-8570
Listed By:
RYAN GORDON · License #6502420131
(906) 282-1644
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 12 at 2:06PM
MLS# 50218025
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 manufacturing property includes 7,600 square feet across three buildings on 0.46 acres. The improvements provide dedicated areas for production, storage, inventory, equipment, and office functions, allowing manufacturing and administrative activities to operate within the same property. The site is equipped with 1-phase power, public water, forced-air heating, and central air conditioning.
Constructed in 1955, the property offers a combination of industrial workspace and office areas for ongoing business operations. Its multiple-building configuration supports separation of manufacturing, storage, and administrative functions while retaining all components on one site.
Constructed in 1955, the property offers a combination of industrial workspace and office areas for ongoing business operations. Its multiple-building configuration supports separation of manufacturing, storage, and administrative functions while retaining all components on one site.
Key Highlights
- 7,600 square feet of building space across three buildings
- 0.46‑acre property configured for manufacturing, storage, inventory, and office use
- 1‑phase power in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,131
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Warehouse
$648.5K
$567.4K – $756.5K
NOI $45,392 @ 7.0% cap · market cap 3.49%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Market
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?
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 Street Iron Mountain, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,600 square feet of building space across three buildings; 0.46‑acre property configured for manufacturing, storage, inventory, and office use; 1‑phase power in place
