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    W8141 Us-2 Iron Mountain, MI 49801

    Sponsored
    For Sale
    $450,000

    One-acre lot, high visibility, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional one-acre commercial lot is located at W8141 US-2 in Iron Mountain, Michigan (APN: 00213201340), offering unparalleled visibility and convenient access. Situated directly in front of The Home Depot on the main highway leading into town, this property benefits from high traffic volume, with over 12,000 vehicles passing daily. The land is already cleared and level, eliminating costly site preparation, and is zoned for commercial use, making it ideal for immediate development. This represents a rare opportunity to establish a business in a rapidly growing area, with new construction underway across the highway. The asking price is $450,000, translating to a land value of $9.69 per square foot. For businesses requiring more space, an adjacent one-acre lot is also available for purchase (MLS # 50155599). The property is owned by an LLC and is being offered for sale by owner. This is a turnkey opportunity to capitalize on a prime location and thriving market.

    Property Features for W8141 Us-2

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Iron Mountain
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.033039129104
    Latitude
    45.809532924051

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    FAQs

    What type of property is this?
    Land - One-acre lot, high visibility, ready to build.
    Where is this land located?
    The property is located at W8141 Us-2 Iron Mountain, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    (906) 774-8570
    Request Owner's contact information
    W8141 Us-2 Iron Mountain, MI 49801
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    W8141 Us-2
    Iron Mountain, MI 49801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    W8141 Us-2 Iron Mountain, MI 49801
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