Flex Property With
For Sale
$339,000
5000 N Stephenson Avenue, Iron Mountain, MI 49801
COMMERCIAL - Iron Mountain, MI
Property Size8,852 SF
Lot Size2.11 Acres
Price / SF$38.30
Days on Market173
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
Active
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
Metal, Shingle, Asphalt
Additional Structures
Workshop
Listing Agency:
LEEDS REAL ESTATE
(906) 779-5333
Listed By:
KELLY CHALLANCIN · License #6501420449
(906) 282-4906
Added: Feb 13
Changed: Aug 4
Last Checked: Aug 5 at 11:06AM
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 property occupies a 2.11-acre parcel at 5000 N Stephenson Avenue in Iron Mountain. The improvements include a 1,400+ square-foot workshop, a 2,400+ square-foot shop building with overhead doors, renovated retail space of 2,700+ square feet, and an upper-level open area suited to additional office or expansion needs. Two-bedroom, one-bath living quarters can also function as office, conference, or break-room space. The retail area includes a half bath.
Building improvements include two newer forced-air NFA heating systems, a private water source, and a parking lot. The property also has a new septic system, well pressure tank, water heater, and concrete work completed since 2023. Major excavation, retaining walls, and professional landscaping have further improved the site. Built in 1961, the property carries Commercial zoning and includes shingle, metal, and asphalt roofing.
Building improvements include two newer forced-air NFA heating systems, a private water source, and a parking lot. The property also has a new septic system, well pressure tank, water heater, and concrete work completed since 2023. Major excavation, retaining walls, and professional landscaping have further improved the site. Built in 1961, the property carries Commercial zoning and includes shingle, metal, and asphalt roofing.
Key Highlights
- 2.11‑acre commercial parcel at 5000 N Stephenson Avenue, Iron Mountain, MI 49801
- 1,400+ square‑foot workshop area
- 2,400+ square‑foot shop building with overhead doors
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combines workshop, shop, retail, and adaptable residential or office areas on a professionally improved parcel.
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 commercial parcel at 5000 N Stephenson Avenue, Iron Mountain, MI 49801; 1,400+ square‑foot workshop area; 2,400+ square‑foot shop building with overhead doors
