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Mixed-Use Property With Apartment
For Sale
$179,900

305 S Stephenson Avenue, Iron Mountain, MI 49801

Ground-floor commercial space is combined with a private upstairs apartment and outdoor deck.

Property Size4,141 SF
Price / SF$43.44
Days on Market524

Property Features for 305 S Stephenson Avenue

General Information

Standard status Active
Size 4,141 SF
Property subtype Industrial

Amenities

3
30120

Building Details

Year Built 1964
Listing Agency: COLDWELL BANKER REAL ESTATE GROUP
Listed By: NATALIA BROWN · License #6501457282
Source: Xome
Added: Apr 5, 2025 Changed: Sep 9 Last Checked: Sep 9 at 4:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REAL ESTATE GROUP

Investment Insights

Based on property information with market context.

This mixed-use property includes 4,141 SF of building area with commercial space at street level and a private two-bedroom apartment above. The apartment has access from both the front and rear of the building, along with a deck for outdoor space.

Built in 1964, the property is located at 305 S Stephenson Avenue in Iron Mountain’s downtown area. Its combination of commercial and residential components creates a single property with distinct spaces for business and living uses.

Key Highlights

  • 4,141 SF mixed‑use property
  • Ground‑floor commercial space
  • Private 2‑bedroom apartment

Property Analytics

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Open Analytics

Current Use

Sunny's Design and Alteration (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Dental Office Daycare Center Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby
29k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 82% Shops & Services 7% Hotels & Casinos 6% Home Improvements & Furnishings 4%
Wendy's Dining
12,898 visits/mo 0.3 miles
Dunkin' Donuts Dining
8,147 visits/mo 0.4 miles
Thai Bistro Dining
2,260 visits/mo 0.1 miles
TownePlace Suites by Marriott Hotels & Casinos
1,653 visits/mo 0.1 miles
Pat's Campioni's TrueValue Home Improvements & Furnishings
1,176 visits/mo 0.3 miles

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 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?
Mixed-use property - Ground-floor commercial space is combined with a private upstairs apartment and outdoor deck.
Where is this mixed-use property located?
The property is located at 305 S Stephenson Avenue Iron Mountain, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 4,141 SF mixed‑use property; Ground‑floor commercial space; Private 2‑bedroom apartment
More about this property
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