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Ground-Floor Retail Space
For Lease
$1,200/Mo

333 S Stephenson Avenue, Iron Mountain, MI 49801

COM/IND/BUS OPP, Iron Mountain, MI

Space Size875 SF
Days on Market277

Property Features for 333 S Stephenson Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning Commercial
Zoning description Commercial
Lot features Corner Lot, Main Street
Subdivision Iron Mountain (22007)
Standard status Active
Size 875 SF

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

ADA accessible

Building Details

Year built 1950
Listing Agency: STEPHENS REAL ESTATE
Listed By: RYAN GORDON · License #6502420131
Added: Nov 24, 2025 Changed: Aug 19 Last Checked: Aug 28 at 6:06AM
MLS# 50194939

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 875-square-foot ground-floor retail unit offers a flexible commercial setting for retail, professional office, self-care, or creative use. ADA accessibility supports convenient customer and staff entry, while central air and forced-air heating serve the interior. Utilities are included, simplifying occupancy planning for a prospective tenant.

The property occupies a corner location in downtown Iron Mountain, with the address positioned near area attractions, coffee shops, eateries, and downtown events. The building is described as highly visible and located in a high-traffic setting. Public water service is available, and the structure was built in 1950.

Key Highlights

  • 875 SF ground‑floor retail unit
  • Commercial zoning with flexible retail, office, self‑care, or creative‑space use
  • ADA‑accessible entry

Property Analytics

Current Use

Travis Paquette, Bankers ... Insurance Agency Joshua Filizetti, Bankers ... Insurance Agency Refresh Holistic Medicine Alternative Medicine Practice Colenso Dana CPA Accounting Firm Matthew(Matt) Peterson, Bankers ... Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Dental Office Daycare Center Storage Facility (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

Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.47 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby

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

Lease Benchmarks for Iron Mountain, MI

$13.85 /SF/Yr
Avg Asking Price
$10.7–$16.99 /SF/Yr
Price Range
17,693 SF
Avg Space Size

This space is priced 19% above the average of $13.85 /SF/Yr.

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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - Commercially zoned, ADA-accessible space with included utilities and central air.
Where is this retail space located?
The property is located at 333 S Stephenson Avenue Iron Mountain, MI.
What is the lease rate?
The lease rate is $1,200/Mo.
What are key features of this property?
This property features: 875 SF ground‑floor retail unit; Commercial zoning with flexible retail, office, self‑care, or creative‑space use; ADA‑accessible entry
More about this property
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