Two-Building Flex
For Sale
$329,900
W7941 E Breitung Ave. Iron, Iron Mountain, MI 49801
Flex property with heated work areas, offices, storage bays, and private water and septic systems.
Property Size5,200 SF
Lot Size2.60 Acres
Price / SF$63.44
Days on Market240
Property Features for W7941 E Breitung Ave. Iron
General Information
Standard status
Active
Size
5,200 SF
Lot size
2.60 Acres
Property subtype
Industrial
Additional Details
Utilities to Site
Yes
Amenities
in-floor heat
private bathroom
dedicated office spaces
two massive work/storage bays
durable blacktop driveway
drilled well
septic system
Building Details
Buildings
2
Construction
pole building
Listing Agency:
Stephens Real Estate
Listed By:
Ryan Gordon · License #6502420131
(906) 774-8570
Source:
Thebrokerlist
Added: Feb 18
Changed: Sep 17
Last Checked: Aug 31 at 3:55AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes two separate buildings on a 2.6-acre parcel. The primary 4,000-square-foot pole building contains energy-efficient in-floor heat, a private bathroom, dedicated office areas, and two large work or storage bays. A second 1,200-square-foot building adds additional space for equipment or inventory.
Site improvements include a blacktop driveway, drilled well, and septic system. The combination of heated workspace, office functionality, and separate storage capacity supports a range of commercial operations requiring both work and inventory areas.
Site improvements include a blacktop driveway, drilled well, and septic system. The combination of heated workspace, office functionality, and separate storage capacity supports a range of commercial operations requiring both work and inventory areas.
Key Highlights
- Two‑building flex property on 2.6 acres
- 4,000‑square‑foot main pole building with in‑floor heat
- Main building includes private bathroom, dedicated offices, and two work/storage bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,764
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,280
$515.3K
Cap Rate 7%
$368,057
$368.1K
Cap Rate 9%
$286,267
$286.3K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$38.2K $7.35/SF
− Vacancy
−$1.4K −$0.27/SF
EGI
$36.8K $7.08/SF
− OpEx
−$11.0K −$2.12/SF
NOI
$25.8K $4.95/SF
Area
Dickinson County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,280
Cap Rate 7%
$368,057
Cap Rate 9%
$286,267
Alternative Uses
Best Use
Warehouse
$443.7K
$388.2K – $517.6K
NOI $31,058 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$368.1K
$322.1K – $429.4K
NOI $25,764 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.00M
$877.2K – $1.17M
NOI $70,178 @ 7.0% cap · market cap 21.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex property with heated work areas, offices, storage bays, and private water and septic systems.
Where is this flex space located?
The property is located at W7941 E Breitung Ave. Iron Iron Mountain, MI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑building flex property on 2.6 acres; 4,000‑square‑foot main pole building with in‑floor heat; Main building includes private bathroom, dedicated offices, and two work/storage bays
