Mixed-Use Property in Downtown
For Sale
$179,900
305 S Stephenson Avenue, Iron Mountain, MI 49801
COMMERCIAL - Iron Mountain, MI
Property Size4,141 SF
Lot Size0.83 Acres
Price / SF$43.44
Days on Market502
Property Features for 305 S Stephenson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Patio and Porch features
Patio
Exterior features
Deck/Patio
Lot features
Main Street
Subdivision
Iron Mountain (22007)
Standard status
Active
Size
4,141 SF
Lot size
0.83 Acres
Utilities
Heating system
Forced Air
Water source
Public
Amenities
deck
Building Details
Year built
1964
Listing Agency:
COLDWELL BANKER REAL ESTATE GROUP
(906) 774-1300
Listed By:
NATALIA BROWN · License #6501457282
(906) 282-1648
Added: Apr 7, 2025
Changed: Aug 4
Last Checked: Aug 21 at 8:06AM
MLS# 50170842
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.
Located in the vibrant downtown core, the property at 305 S Stephenson Avenue in Iron Mountain, MI, presents an investment opportunity with both commercial and residential spaces. The ground floor features a spacious commercial area benefiting from high foot traffic and excellent visibility. Above the commercial space, a private 2-bedroom apartment is accessible from both the front and rear of the building. The apartment includes a deck, providing additional outdoor space. The property is situated on a 0.83-acre lot and encompasses a total area of 4141 square feet. This mixed-use property is located in a prime location, making it an ideal investment.
Key Highlights
- Prime downtown location with high foot traffic.
- Commercial and residential spaces offer investment opportunity.
- Spacious ground floor commercial area with excellent visibility.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Hotels & Casinos 7%
Home Improvements & Furnishings 5%
Wendy's
Dining
12,898 visits/mo
0.4 miles
Hardee's
Dining
5,232 visits/mo
0.4 miles
Thai Bistro
Dining
2,260 visits/mo
0.3 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
0.1 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential spaces in a vibrant downtown location.
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: Prime downtown location with high foot traffic.; Commercial and residential spaces offer investment opportunity.; Spacious ground floor commercial area with excellent visibility.
