w8145 US-2, Iron Mountain, MI 49801
6,300+ sq ft retail space on 1.15 acres.
- Added:
- Feb 16, 2026
- Days on Market:
- 140
- Last Refresh:
- Jul 5 at 9:16 am
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 office Stephens Real Estate (906) 774-8570
Listing date Feb 16, 2026
Source Crexi
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
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.
- Strategic outlot position in front of major retailers with easy access and ample parking.
- Dedicated pole sign for strong visibility.
- Adjacent one‑acre lot available for purchase, providing more frontage.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Iron Mountain
- County
- Dickinson
- State
- Michigan
- Longitude
- -88.0366
- Latitude
- 45.9025
