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Elevator-Served Flex Space

220 N 2nd Ave Iron, Iron River, MI 49935

For Sale
New
$65,000

Two-level configuration includes a gathering area, private offices, kitchenette, and bathrooms.

Property Size2,900 SF
Price / SF$22.41
Days on Market2

Property Features for 220 N 2nd Ave Iron

General Information

Standard status Active
Size 2,900 SF
Elevators Yes
Property subtype Flex Space
Zoning R1B

Additional Details

Condition Move-in Ready
Currently Operating Yes
Property Use Community and Office Facility

Amenities

kitchenette
laundry hookups

Building Details

Building Size 2,900 SF
Listing Agency: Stephens Real Estate
Listed By: Ryan Gordon · License #6502420131
Source: Thebrokerlist
Added: Nov 8 Changed: Nov 9 Last Checked: Nov 8 at 4:53PM

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 Stephens Real Estate

Rey
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Investment Insights

Based on property information with market context.

This flex property offers approximately 2,900 sq ft across a main floor and a mostly finished basement. The main level has a large gathering room, kitchenette, half bath, and laundry hookups. Several private offices and another bathroom occupy the lower level, with an elevator connecting the floors. The property currently serves as a community and office facility.

R1B zoning allows residential and business use. The existing configuration includes both open gathering space and enclosed offices, along with elevator access between levels.

Key Highlights

  • Approximately 2,900 sq ft across the main level and a mostly finished basement
  • R1B zoning allows residential and business use
  • Elevator connects the two levels

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
Under-served
Demand for This Use

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
View Realmo Analytics

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?
Flex space - Two-level configuration includes a gathering area, private offices, kitchenette, and bathrooms.
Where is this flex space located?
The property is located at 220 N 2nd Ave Iron 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: Approximately 2,900 sq ft across the main level and a mostly finished basement; R1B zoning allows residential and business use; Elevator connects the two levels
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