High-Visibility Retail Space For
w8145 US-2 Iron Mountain, MI 49801
w8145 US-2, Iron Mountain, MI, 49801
Contact for pricing
For Sale
Contact for pricing
6,300+ sq ft retail space on 1.15 acres.
Property Size6,328 SF
Lot Size1.15 Acres
Price / SF$118.52
Days on Market150
Property Features for w8145 US-2
General Information
- Standard status
- Active
- Size
- 6,328 SF
- Lot size
- 1.15 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing Agency
Stephens Real Estate
(906) 774-8570
Listed by
Ryan Gordon · License #MI 6502420131
Source
Crexi
Added: Feb 16 Checked: Jul 15 at 8:52 pm
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.
This commercial retail space offers high visibility in a thriving location. The modern building encompasses over 6,300 square feet and is situated on 1.15 acres. The property features frontage and high traffic counts. The open-concept layout provides flexibility in design, complemented by display windows, a rear overhead door, and dedicated restrooms. Positioned as an outlot in front of major retailers, the property benefits from accessibility and ample parking. A dedicated pole sign enhances visibility. An adjacent one-acre lot is available for purchase, offering additional frontage.
Key Highlights
- High‑visibility location with exceptional frontage and high traffic counts.
- Expansive 6,300+ sq ft modern building on 1.15 acres.
- Flexible open‑concept layout for customizable space design.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.1k | $14.40 |
| − Vacancy | −$9.6k | −$1.51 |
| EGI | $81.6k | $12.89 |
| − OpEx | −$24.5k | −$3.87 |
| NOI | $57.1k | $9.02 |
6,328 SF · lease $14.40/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$815.6K
$713.6K – $951.5K
NOI $57,089 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,401 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 6,300+ sq ft retail space on 1.15 acres.
Where is this retail space located?
The property is located at w8145 US-2 Iron Mountain, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑visibility location with exceptional frontage and high traffic counts.; Expansive 6,300+ sq ft modern building on 1.15 acres.; Flexible open‑concept layout for customizable space design.
