Property profile

W8159 Us2 Iron Mountain, MI 49801

OFF-MARKET
Retail properties & Spaces
13,300 SF 4.45 ac lot Built 2008
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Property summary

AI-generated overview

This exceptional 13,300-square-foot retail space, located at W8159 US2 #203 in Iron Mountain, Michigan, presents a unique opportunity for a single-tenant build-to-suit project. Situated on a 4.45-acre lot, this property boasts excellent visibility and is ideally positioned near other major retailers, ensuring high traffic and exposure. The building, constructed in 2008, is a single-story structure with no elevators. Utilities are available, including power. The property is zoned for commercial use and features a total of 13,300 square feet of vacant space, offering significant potential for customization to meet specific business needs. The parcel's APN is 00200500220, and it's located in Dickinson County, MI, zip code 49801. The lease terms are triple net, with a monthly rent of $11,859.17, translating to a rate of $10.70 per square foot. This prime location and flexible space make this an ideal investment for businesses seeking high visibility and a strong presence in a thriving commercial area. The property is ready for immediate development.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2008
Total area 13,300 SF
Lot 4.45 ac (193,842 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

W8159 Us2 Iron Mountain, MI 49801
Iron Mountain metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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