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Office Units with Reception Area
For Sale
$115,000

230 Washington Avenue, Iron River, MI 49935

COM/IND/BUS OPP, Iron River, MI

Property Size1,262 SF
Lot Size0.05 Acres
Price / SF$91.13
Days on Market98

Property Features for 230 Washington Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Lot features Corner Lot, Rural
Subdivision Iron River (36010)
Standard status Active
Size 1,262 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1352

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1920
Roof type Shingle
Listing Agency: U.P. RIVERLAND REALTY
Listed By: KELLY WATERS · License #6501378492
Added: Jul 1 Changed: Sep 3 Last Checked: Oct 6 at 1:06AM
MLS# 50213665

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 1,262-square-foot office property is arranged with a reception area, several office rooms, and 1 1/2 bathrooms. The building includes 200-amp electrical service, central air conditioning, and forced-air heating. A shingle roof was installed 2–3 years ago.

Built in 1920, the property has public water service and is located at the top of Stambaugh Hill in Iron River, Michigan. The offering includes the physical property only; the operating business is not part of the sale.

Key Highlights

  • 1,262 square feet of office space
  • Reception area plus several office rooms
  • 1 1/2 bathrooms

Property Analytics

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Current Use

Richard Hill Medical Clinic Hill's Hearing Services Medical Clinic

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Plumbing Service

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

328
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
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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Commercially zoned office property with central air, forced-air heating, and a recently replaced shingle roof.
Where is this office units located?
The property is located at 230 Washington Avenue Iron River, MI.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 1,262 square feet of office space; Reception area plus several office rooms; 1 1/2 bathrooms
More about this property
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