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School Building with Gymnasium

3257 Us2, Iron River, MI 49935

For Sale
$274,500

The property includes multiple classrooms, a gymnasium, and space occupied by four organizations.

Property Size20,000 SF
Lot Size4.89 Acres
Price / SF$13.73
Days on Market404

Property Features for 3257 Us2

General Information

Standard status Active
Size 20,000 SF
Lot size 4.89 Acres
Property subtype Commercial/Industrial
Zoning Commercial,Residential

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Tenant in Place Yes

Amenities

stage
library room w/loft
kitchen
gymnasium
business office
walk-in safe
classrooms
storage room
Fenced Yard

Building Details

Year Built 1957
Buildings 1
Tenancy Multi
Listing Agency: Stephens Real Estate-Iron River
Listed By: Punner Franzene
Source: Jabachler
Added: Oct 7, 2025 Changed: Nov 13 Last Checked: Nov 12 at 8:32PM

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-Iron River

Rey
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Investment Insights

Based on property information with market context.

Built in 1957, this 20,000-square-foot school property occupies a 4.89-acre lot with frontage on US Hwy 2. Its layout includes nine classrooms, a gymnasium, a stage, a library with loft, kitchen, and a small storage room. Office space is arranged across three rooms and includes a walk-in safe. The roof was replaced in 2018.

Four organizations occupy portions of the building, with additional interior space remaining. The property carries commercial and residential zoning; deed restrictions may also apply.

Key Highlights

  • 20,000‑square‑foot building on a 4.89‑acre lot
  • Frontage on US Hwy 2
  • Nine classrooms, gymnasium, stage, library with loft, and kitchen

Property Analytics

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Current Use

Schools

Suggested Use

Top Pick Auto Repair Shop (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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6
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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Frequently Asked Questions

What type of property is this?
School - The property includes multiple classrooms, a gymnasium, and space occupied by four organizations.
Where is this school located?
The property is located at 3257 Us2 Iron River, MI.
What is the asking price?
The asking price for this property is $274,500.
What are key features of this property?
This property features: 20,000‑square‑foot building on a 4.89‑acre lot; Frontage on US Hwy 2; Nine classrooms, gymnasium, stage, library with loft, and kitchen
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