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Restaurant with Fenced Patio

W8177 S Stephenson Ave Iron, Iron Mountain, MI 49801

For Sale
$1,200,000

A basement and storage shed provide additional space alongside the dining area.

Property Size2,700 SF
Lot Size1.10 Acres
Price / SF$444.44
Days on Market24

Property Features for W8177 S Stephenson Ave Iron

General Information

Standard status Active
Size 2,700 SF
Lot size 1.10 Acres
Property subtype Restaurant

Additional Details

Business Included Yes
Patio Yes

Amenities

shed
basement
Listing Agency: Stephens Real Estate
Listed By: Ryan Gordon · License #6502420131
Source: Thebrokerlist
Added: Oct 14 Changed: Nov 4 Last Checked: Nov 6 at 5:09AM

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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Investment Insights

Based on property information with market context.

Storheim's Family Restaurant occupies a 2,700-square-foot building on 1.1 acres at 8177 South Stephenson Avenue in Iron Mountain. The restaurant opened in 1996 and serves Swedish dishes and homemade pizza. A fenced patio adds outdoor seating, while the basement and a separate shed provide storage space.

Key Highlights

  • 2,700‑square‑foot restaurant on 1.1 acres
  • Fenced patio provides outdoor dining space
  • Basement and separate shed offer storage

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Big Box & Wholesale Store Auto Parts Store Storage 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

612
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 73% Hotels & Casinos 16% Home Improvements & Furnishings 11%
Hardee's Dining
5,232 visits/mo 0.2 miles
Thai Bistro Dining
2,260 visits/mo 0.4 miles
TownePlace Suites by Marriott Hotels & Casinos
1,653 visits/mo 0.2 miles
Pat's Campioni's TrueValue Home Improvements & Furnishings
1,176 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A basement and storage shed provide additional space alongside the dining area.
Where is this conventional restaurant located?
The property is located at W8177 S Stephenson Ave Iron Iron Mountain, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,700‑square‑foot restaurant on 1.1 acres; Fenced patio provides outdoor dining space; Basement and separate shed offer storage
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