Flex Space with
For Sale
$339,000
Pending
5000 N Stephenson Avenue, Iron Mountain, MI 49801
COM/IND/BUS OPP, Iron Mountain, MI
Property Size8,852 SF
Lot Size2.11 Acres
Days on Market223
Property Features for 5000 N Stephenson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Iron Mountain (22007)
Standard status
Pending
Size
8,852 SF
Lot size
2.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
15093
Utilities
Heating system
Forced Air
Water source
Private
Building Details
Year built
1961
Roof type
Shingle, Asphalt, Metal
Additional Structures
Workshop
Listing Agency:
LEEDS REAL ESTATE
(906) 779-5333
Listed By:
KELLY CHALLANCIN · License #6501420449
(906) 282-4906
Added: Feb 13
Changed: Sep 13
Last Checked: Sep 24 at 12:06AM
MLS# 50199437
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 flex-space property includes living quarters, workshop capacity, a shop building, retail area, and upper-level open space. The living quarters contain 2 bedrooms and 1 bath, while the workshop covers 1,400+ square feet. A separate 2,400+ square foot shop building includes overhead doors, and the renovated 2,700+ square foot retail area has a half bath. The upper level provides additional open space for office or expansion use.
Situated on 2.11 acres at 5000 N Stephenson Avenue in Iron Mountain, the property is commercially zoned and includes a parking lot. The site has been cleared and graded, with retaining walls and landscaping improvements. Newer improvements include two forced-air heating systems, a septic system, well pressure tank, water heater, and concrete work completed since 2023. The property was built in 1961 and has asphalt, metal, and shingle roof materials.
Situated on 2.11 acres at 5000 N Stephenson Avenue in Iron Mountain, the property is commercially zoned and includes a parking lot. The site has been cleared and graded, with retaining walls and landscaping improvements. Newer improvements include two forced-air heating systems, a septic system, well pressure tank, water heater, and concrete work completed since 2023. The property was built in 1961 and has asphalt, metal, and shingle roof materials.
Key Highlights
- 2.11‑acre commercially zoned property at 5000 N Stephenson Avenue, Iron Mountain, MI 49801
- 2‑bedroom, 1‑bath living quarters that can also function as office or conference space
- 1,400+ SF workshop area plus a 2,400+ SF shop building with overhead doors
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combines retail, workshop, shop, and living quarters.
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: 2.11‑acre commercially zoned property at 5000 N Stephenson Avenue, Iron Mountain, MI 49801; 2‑bedroom, 1‑bath living quarters that can also function as office or conference space; 1,400+ SF workshop area plus a 2,400+ SF shop building with overhead doors
