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Office Building with Elevator

220 N 2nd Avenue, Iron River, MI 49935

For Sale
$65,000

COM/IND/BUS OPP, Iron River, MI

Property Size1,440 SF
Lot Size0.38 Acres
Price / SF$45.14
Days on Market10

Property Features for 220 N 2nd Avenue

General Information

Property type Commercial Sale
Property subtype Other
Lot features Corner Lot
Subdivision Iron River (36010)
Standard status Active
Size 1,440 SF
Lot size 0.38 Acres

Additional Details

Currently Operating Yes
Property Use Office
Condition Move-in Ready

Utilities

Water source Public

Amenities

kitchenette
half bath
laundry hookups
additional bathroom

Building Details

Year built 1976
Listing Agency: STEPHENS REAL ESTATE
Listed By: BETSY SAWICKY · License MI #6501284459
Added: Nov 4 Changed: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 50226751

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.

Rey
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Investment Insights

Based on property information with market context.

This 1976 office building in Iron River has a main floor and a mostly finished lower level connected by an elevator. The upper level includes a large multipurpose room, kitchenette, half bath and laundry hookups. Several private offices and another bathroom occupy the lower floor. The property has operated as a community and office facility.

R1B zoning permits residential as well as business use. The existing layout includes both open gathering or work space and separate offices, with elevator access between levels. Public water serves the property.

Key Highlights

  • R1B zoning permits residential and business use
  • Elevator connects the main level and lower level
  • Lower level contains several private offices and a bathroom

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Gathering Place Crisis Center

Suggested Use

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

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

348
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - R1B zoning accommodates residential and business use across a two-level layout.
Where is this office building located?
The property is located at 220 N 2nd Avenue Iron River, MI.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: R1B zoning permits residential and business use; Elevator connects the main level and lower level; Lower level contains several private offices and a bathroom
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