W8145 Us2 Hwy, Iron Mountain, MI 49801
High-visibility commercial/retail space with seller financing available.
Property size:
6,328 SFLot size:
1.15 AcresPrice / SF:
$118/SF- Added:
- Feb 11, 2026
- Days on Market:
- 120
- Last Refresh:
- Jun 10 at 10:24 am
Property Features for W8145 Us2 Hwy
General Information
- Standard status
- Active
- Property type
- Retail space, Retail properties & Spaces, Commercial real estate
- Size
- 6,328 SF
- Lot size
- 1.15 Acres
Building Details
- Year Built
- 2003
Listing agent Ryan (906) 774-8570
Listing office (906) 774-8570
Listing date Feb 11, 2026
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.
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Iron Mountain
- County
- Dickinson
- State
- Michigan
- Longitude
- -88.0339573
- Latitude
- 45.8089229
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - High-visibility commercial/retail space with seller financing available.
Where is this retail space located?
The property is located at W8145 Us2 Hwy Iron Mountain, MI.
What is the asking price?
The asking price for this property is $750,000.
