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Historic Brick Mixed-Use Property
For Sale
$50,000

208 CHERRY ST, Iron River, MI 49935

Two-story commercial layout with on-site parking and an alley-access garage area.

Property Size8,084 SF
Price / SF$6.19
Days on Market356

Property Features for 208 CHERRY ST

General Information

Standard status Active
Size 8,084 SF
Property subtype Industrial

Additional Details

Utilities to Site Yes

Amenities

3
Concrete
Asphalt, Rubber
100120

Building Details

Year Built 1913
Buildings 1
Stories 2
Construction brick
Listing Agency: KELLER WILLIAMS CLASSIC REALTY NW
Listed By: NICOLE HEBERT · License #43811
Source: Xome
Added: Sep 20, 2025 Changed: Sep 9 Last Checked: Sep 10 at 5:44AM

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 KELLER WILLIAMS CLASSIC REALTY NW

Investment Insights

Based on property information with market context.

Built in 1913, this two-story brick commercial building carries historic character from its former use as Stambaugh City Hall. The 8,084-square-foot property features original wood front doors, exposed brick inside and out, and an open interior ready for a new configuration. Existing utilities are in place, while the property includes parking along the side and street parking nearby. A drive-in garage area with alley access adds functional support space. Located in Iron River, Michigan, the building offers a substantial commercial footprint suited to a range of mixed-use concepts, including restaurant, brewery, winery, office, retail, or entertainment applications identified for the property.

Key Highlights

  • 8,084‑square‑foot commercial building constructed in 1913
  • Two‑story former Stambaugh City Hall
  • Original wood front doors and brick interior and exterior

Property Analytics

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Current Use

Iron River City ... City Government Office

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Dental Office Electrical Service Plumbing Service (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.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

215
Businesses Nearby

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
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story commercial layout with on-site parking and an alley-access garage area.
Where is this mixed-use property located?
The property is located at 208 CHERRY ST Iron River, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: 8,084‑square‑foot commercial building constructed in 1913; Two‑story former Stambaugh City Hall; Original wood front doors and brick interior and exterior
More about this property
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