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1860 Stephenson Ave Iron Mountain, MI 49801

Sponsored
For Lease
$14 SF/Yr

High-traffic retail space, multiple units available

Lot size:
176,352 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional retail property, the Iron Mountain Shopping Center, presents a unique investment opportunity in a prime Michigan Upper Peninsula location. Boasting a total of 176,352 square feet, this multi-tenant center sits on a substantial 20.98-acre lot, zoned for commercial use (APN: 051-000-265-04). Currently, there are six available spaces ranging from a minimum of 2,000 square feet to a maximum contiguous space of 91,107 square feet, including an 86,707 square foot end-cap anchor space. The property enjoys exceptional visibility and accessibility, situated on a highly active retail corridor with easy ingress and egress via three points of access. Ample parking is available, exceeding 693 spaces to accommodate both shoppers and employees. The center benefits from below-market rents and serves a substantial trade area encompassing 50 square miles, as determined by Placer.ai. This presents a compelling opportunity for investors seeking high-visibility retail space in a thriving market. The property's size and flexible space options cater to a wide range of retail businesses, offering significant potential for growth and return on investment.

Property Features for 1860 Stephenson Ave

General Information

Property type
Retail properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
176,352 SF
Total Rate
205744

Unit(s) available at that property

Space
Suite #1820 2,880 S
Size
2,880 SF
Rate per SF
$14
Space
Suite #1848
Size
2,000 SF
Rate per SF
$14
Space
Suite #1800A/1810A
Size
4,400 SF
Rate per SF
$14
Space
Suite #1826
Size
2,000 SF
Rate per SF
$14
Space
Suite #1824
Size
2,000 SF
Rate per SF
$14
Space
Suite #1800/1810
Size
86,707 SF

HighLights

  • 176,352 SF retail center with multiple tenancies available.
  • Prime location on a high‑traffic Michigan Upper Peninsula retail corridor.
  • Excellent visibility from Stephenson Ave.
  • Ample parking (693+ spaces).
  • Below‑market rents.
  • 86,707 SF end‑cap anchor space available.
Property Profile Location Intelligence

Current Use by Public Records

Tractor Supply Co. Pet Store

Suggested Use

Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Nail Salon Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Iron Mountain
County
Dickinson
State
Michigan
Longitude
-88.041236687425
Latitude
45.807732840795

FAQs

What type of property is this?
Retail property - High-traffic retail space, multiple units available
Where is this retail property located?
The property is located at 1860 Stephenson Ave Iron Mountain, MI.
What is the lease rate?
The lease rate is $0.00-$14 SF/Yr.
What are key features of this property?
This property features: 176,352 SF retail center with multiple tenancies available.; Prime location on a high-traffic Michigan Upper Peninsula retail corridor.; Excellent visibility from Stephenson Ave.
More about this property
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