Industrial Property with Leased
For Sale
$339,000
Pending
5000 N Stephenson Avenue, Iron Mountain, MI 49801
Flex-industrial complex on a fully cleared two-acre lot with living quarters, workshops, and leased shop space.
Property Size8,852 SF
Lot Size2.00 Acres
Days on Market211
Property Features for 5000 N Stephenson Avenue
General Information
Standard status
Pending
Size
8,852 SF
Lot size
2.00 Acres
Property subtype
Industrial
Amenities
3
Tile, Concrete, Laminate
Metal, Asphalt, Shingle
460200
Building Details
Year Built
1961
Listing Agency:
LEEDS REAL ESTATE
(906) 779-5333
Listed By:
KELLY CHALLANCIN · License #6501420449
(906) 282-4906
Source:
Xome
Added: Feb 8
Changed: Sep 4
Last Checked: Sep 6 at 5:51AM
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 LEEDS REAL ESTATE
Investment Insights
Based on property information with market context.
This versatile industrial property on a fully cleared and professionally graded two-acre lot combines multiple structures and functional spaces. It includes 2-bedroom, 1-bath living quarters that could also be used as office space or a conference room/break room. There is an approximately 1,400+ sq ft workshop area and a 2,400+ sq ft shop building with overhead doors. A renovated 2,700+ sq ft retail space is also on site, with a 1/2 bath and an upper-level open area that can be adapted for additional office space. The property is equipped with newer forced NFA heating systems (two total). Since 2023, improvements include new septic, a well pressure tank, a water heater, and concrete work, along with major excavation, new retaining walls, and professional landscaping.
The property is located just minutes from the WI border and the local airport, supporting a variety of business and development plans.
The workshop and the 2,400 sq ft shop building are currently leased, with terms noted as negotiable, providing flexibility for an owner-occupant or investor.
The property is located just minutes from the WI border and the local airport, supporting a variety of business and development plans.
The workshop and the 2,400 sq ft shop building are currently leased, with terms noted as negotiable, providing flexibility for an owner-occupant or investor.
Key Highlights
- 9,000+ SF flex‑industrial/commercial complex on a fully cleared, professionally graded 2‑acre lot
- Includes 2‑bedroom, 1‑bath living quarters that could also be used as office or conference/break‑room space
- 1,400+ SF workshop area plus a 2,400+ SF shop building with overhead doors
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex-industrial complex on a fully cleared two-acre lot with living quarters, workshops, and leased shop space.
Where is this flex space located?
The property is located at 5000 N Stephenson Avenue Iron Mountain, MI.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 9,000+ SF flex‑industrial/commercial complex on a fully cleared, professionally graded 2‑acre lot; Includes 2‑bedroom, 1‑bath living quarters that could also be used as office or conference/break‑room space; 1,400+ SF workshop area plus a 2,400+ SF shop building with overhead doors
