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W8159 US2, Iron Mountain, MI 49801

Unfinished retail/commercial space in a desirable location.

Space Size10,700 SF
Days on Market2450

Property Features for W8159 US2

General Information

Standard status Active
Size 10,700 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 10,700 SF
Year Built 2008
Tenancy Multiple

Spaces For Lease

at W8159 US2 Contact us

103

Size
10,700 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Stephens Real Estate
Listed By: Ryan Gordon · License #MI 6502420131
Source: Crexi
Added: Dec 17, 2019 Changed: Aug 31 Last Checked: Sep 1 at 1:44AM

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.

Available for rent is an unfinished 10,700 square feet of retail or commercial space. The space is build-to-suit and offers excellent visibility. The property is situated in a highly desirable location near other big box stores. The monthly rent is $9,540.83, with a triple net lease at $10.70 per square foot.

Key Highlights

  • 10,700 sq ft of unfinished retail/commercial space
  • Build‑to‑suit opportunity
  • Excellent visibility

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Electrical Service Bakery Big Box & Wholesale Store Department Store Car Rental Facility

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

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

Lease Benchmarks for Iron Mountain, MI

$13.85 /SF/Yr
Avg Asking Price
$10.7–$16.99 /SF/Yr
Price Range
17,693 SF
Avg Space Size

This space is priced 23% below the average of $13.85 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Retail space - Unfinished retail/commercial space in a desirable location.
Where is this retail space located?
The property is located at W8159 US2 Iron Mountain, MI.
What is the lease rate?
The lease rate is $10.68 SF/Yr.
What are key features of this property?
This property features: 10,700 sq ft of unfinished retail/commercial space; Build‑to‑suit opportunity; Excellent visibility
(906) 774-8570 Call to check price and availability
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