Property summary
This 289-square-foot storefront at 708 N. Stephenson Ave. in Iron Mountain, MI, is offered for sale at $79,000. Located on US Hwy 2, this single-unit, Class B retail property boasts excellent street frontage and easy access. Built in 1965, the building sits on a 0.14-acre lot and features ample parking (15 spaces). While the exterior requires some attention, the interior is clean and ready for immediate occupancy. The space includes plenty of display area, large windows, a small bathroom, and a space heater. Previously used as a used car lot, the property benefits from its high visibility and convenient location. The property is 100% occupied as of November 4, 2024. Zoned for commercial use, this owner-user investment opportunity presents a strong value proposition at $12.95 per square foot of land value. The property's Air Rights are 289 sq ft. The APN is 05110112100.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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