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Restaurant with Fenced Patio
New
For Sale
$1,200,000

8177 South Stephenson Avenue Iron, Iron Mountain, MI 49801

A basement and storage shed provide additional space alongside the dining area.

Property Size2,700 SF
Lot Size1.10 Acres
Price / SF$444.44
Days on Market2

Property Features for 8177 South Stephenson Avenue Iron

General Information

Standard status Active
Size 2,700 SF
Lot size 1.10 Acres
Property subtype Restaurant

Additional Details

Business Included Yes
Patio Yes

Amenities

shed
basement
Listing Agency: Stephens Real Estate
Listed By: Ryan Gordon · License #6502420131
Source: Thebrokerlist
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 1:57AM

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 Stephens Real Estate

Investment Insights

Based on property information with market context.

Storheim's Family Restaurant occupies a 2,700-square-foot building on 1.1 acres at 8177 South Stephenson Avenue in Iron Mountain. The restaurant opened in 1996 and serves Swedish dishes and homemade pizza. A fenced patio adds outdoor seating, while the basement and a separate shed provide storage space.

Key Highlights

  • 2,700‑square‑foot restaurant on 1.1 acres
  • Fenced patio provides outdoor dining space
  • Basement and separate shed offer storage

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Restaurant Storage Facility Garden Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 67% Shops & Services 33%
SUBWAY Dining
2,063 visits/mo 0.1 miles
Riverside (Chrysler - Dodge - Jeep - Ram) Shops & Services
726 visits/mo 0.3 miles
Safelite AutoGlass Shops & Services
284 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - A basement and storage shed provide additional space alongside the dining area.
Where is this conventional restaurant located?
The property is located at 8177 South Stephenson Avenue Iron Iron Mountain, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,700‑square‑foot restaurant on 1.1 acres; Fenced patio provides outdoor dining space; Basement and separate shed offer storage
More about this property
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