Automotive Garage and Retail
808 Quinnesec Street Iron Mountain, MI 49801
For Sale
$199,900
Includes heated 2-car garage, a 3rd garage bay, office, 1-bathroom, and retail space in a high-traffic area.
Property Size1,540 SF
Price / SF$129.81
Days on Market652
Property Features for 808 Quinnesec Street
General Information
- Standard status
- Active
- Size
- 1,540 SF
Listing Agency:
LEEDS REAL ESTATE
(906) 396-9422
Listed By:
KIMBERLY WEBB · License #6501341251
(906) 396-9422
Source:
Exprealty
Added: Oct 10, 2024
Changed: Jul 22
Last Checked: Jul 23 at 12:54PM
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 for-sale automotive-oriented property includes a heated 2-car garage with an air compressor and ample outlets, supported by an additional 3rd car garage on the opposite end of the building. The interior layout also features a dedicated office space for administrative work, a 1-bathroom facility, and an impressive retail area intended for customer interaction or product display.
The property is positioned in a high-traffic location designed to support visibility and customer flow. The building’s configuration provides practical flexibility for vehicle access and additional storage.
Offered at 808 Quinnesec Street in Iron Mountain, MI, this versatile structure can be considered for mechanical work, storage, and retail uses where a garage-and-showroom style setup is desirable.
The property is positioned in a high-traffic location designed to support visibility and customer flow. The building’s configuration provides practical flexibility for vehicle access and additional storage.
Offered at 808 Quinnesec Street in Iron Mountain, MI, this versatile structure can be considered for mechanical work, storage, and retail uses where a garage-and-showroom style setup is desirable.
Key Highlights
- Heated 2‑car garage includes an air compressor and ample outlets for mechanical work or storage
- Additional 3rd garage bay on the opposite end of the building for extra storage or vehicle access
- Includes office space for administrative tasks
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.2k | $14.40 |
| − Vacancy | −$2.3k | −$1.51 |
| EGI | $19.8k | $12.89 |
| − OpEx | −$6.0k | −$3.87 |
| NOI | $13.9k | $9.02 |
1,540 SF · lease $14.40/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$198.5K
$173.7K – $231.6K
NOI $13,893 @ 7.0% cap · market cap 6.95%
Second Best
Industrial
$109.0K
$95.4K – $127.2K
NOI $7,630 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$296.9K
$259.8K – $346.4K
NOI $20,783 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elcom Systems
Warehouse & Storage
Similar Off Market Nearby
- Rudy's Body Shop — 224 N Merritt Ave, Iron Mountain, MI 49801
- Corner Auto Repair — 301 Carpenter Ave, Iron Mountain, MI 49801
- One Off Industries Complete Auto Repair — Iron Mountain, MI 49801
- Iron Mountain Automotive — 407 N Stephenson Ave, Iron Mountain, MI 49801
- Eureka Tire Co — 105 N Stephenson Ave, Iron Mountain, MI 49801
FAQs
What type of property is this?
Auto shop - Includes heated 2-car garage, a 3rd garage bay, office, 1-bathroom, and retail space in a high-traffic area.
Where is this auto shop located?
The property is located at 808 Quinnesec Street Iron Mountain, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Heated 2‑car garage includes an air compressor and ample outlets for mechanical work or storage; Additional 3rd garage bay on the opposite end of the building for extra storage or vehicle access; Includes office space for administrative tasks
