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    Homer, MI
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    Homer, MI Retail Properties & Spaces for Sale

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    Caspian, MI Crystal Falls, MI Long Lake, WI Amasa, MI Florence, WI Phelps, WI Watersmeet, MI Eagle River, WI
    6 properties
    Historic Office Building with Alley-Access Garage
    Updated: Sep 22, 2025
    Historic Office Building with Alley-Access Garage

    208 Cherry Street, Iron River, MI 49935

    $60,000
    8,084 sqft 0.19 AC lot
    Two‑story historic brick building originally the former Stambaugh City Hall
    Drive‑in garage area with alley access plus parking on the side and street
    Commercial zoning
    Built in 1913
    Approx. 8,084 SF on 0.19‑acre lot
    View details
    Commercial Building with Fuel Infrastructure
    Updated: Jul 25, 2025
    Commercial Building with Fuel Infrastructure

    4159 W US2 Highway, Iron River, MI 49935

    $129,900
    4,640 sqft 2.53 AC lot
    Prime location on busy US‑2 with excellent visibility and steady traffic.
    Large 4,640 sq. ft. commercial building on 2.53 acres.
    Fully gutted interior provides a blank canvas for customization.
    Large area behind the building for additional use, storage, or expansion.
    Located in the heart of Michigan's Upper Peninsula.
    View details
    COMMERCIAL - Iron River, MI
    COMMERCIAL - Iron River, MI

    32 N 4Th Ave, Iron River, MI 49935

    $275,000
    11,680 sqft 0.77 AC lot

    Commercial storefront on 0.77 acres with high-visibility frontage.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    COMMERCIAL - Iron River, MI
    COMMERCIAL - Iron River, MI

    32 N 4Th Ave, Iron River, MI 49935

    $399,900
    11,680 sqft 0.77 AC lot

    Successful appliance store on 0.77 acres with high visibility.

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    COMMERCIAL - Iron River, MI
    COMMERCIAL - Iron River, MI

    121 N 5Th Ave, Iron River, MI 49935

    $395,000
    18,000 sqft 0.74 AC lot

    Unique 18,000 SF former church with turn-key basement living.

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    Former Family Dollar Retail Building
    Former Family Dollar Retail Building

    1647 W Adams St, Iron River, MI 49935

    Contact for pricing
    8,000 sqft 1.00 AC lot

    Wide-open retail building built in 2000 with ample parking and prominent frontage on 1 acre.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Homer, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Convenience Store with Attached Home
    Convenience Store with Attached Home

    667 HWY 45, Eagle River, WI 54521

    $610,000
    1.68 AC lot

    Retail convenience and specialty store with an attached 4-bedroom, 3-bath residence and lakefront sand frontage.

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    Two-Story Retail Building with Loft
    Two-Story Retail Building with Loft

    308/312 Superior Avenue, Crystal Falls, MI 49920

    $165,000
    22,398 sqft 0.19 AC lot

    Two adjoining historic buildings total multiple levels of retail space, plus an unfinished exposed-brick loft with a separate entrance.

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    Retail Investment Property
    Retail Investment Property

    1120 Crystal Avenue, Crystal Falls, MI 49920

    Contact for pricing
    8,000 sqft

    Retail property for sale with an indicated 9.72% cap rate and 8,000 SF.

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    Auto Service Center on Hwy 45
    Auto Service Center on Hwy 45

    540 HWY 45, Eagle River, WI 54521

    Contact for pricing
    2.30 AC lot

    Highly visible auto service center with dedicated shop setup on 2.3 acres along Hwy 45.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Highway Frontage Commercial Land
    Highway Frontage Commercial Land

    4365 WALL ST, Eagle River, WI 54521

    $379,900
    7.36 AC lot

    Commercial land with Highway 45 access and frontage along Wall Street near Eagle River.

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    Commercial Land with Existing Building
    Commercial Land with Existing Building

    909 S Stephenson Avenue, Iron Mountain, MI 49801

    $250,000
    2,335 sqft 0.20 AC lot

    A zoned commercial site with a 72-by-120 lot and an older 2,335 SF building on a main thoroughfare.

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    70-Acre Parcel on US HWY
    70-Acre Parcel on US HWY

    US2 Highway, Norway, MI 49870

    $1,450,000
    70.00 AC lot

    70-acre parcel suitable for commercial or development uses.

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    Commercial Land in Norway, MI
    Commercial Land in Norway, MI

    626 Brown Street, Norway, MI 49870

    $294,900
    0.58 AC lot

    Cleared commercial land on a busy corner ready to build.

    View details

    Homer, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 6 retail properties & spaces for sale in Homer, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 62,084 square feet of properties for sale, with an estimated market value of $1,259,800.

    Sale prices for stores in Homer, MI start at $60,000, averaging $251,960, and reaching up to $399,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 4,472
    Population Growth (5Y) -6.5%
    Median Household Income $59,460
    College Educated 13.9%

    Taxes & Financing

    Tax Rate (average for all types) 2.46%
    Property Tax per SF $51.41 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Iron County

    New Delisted

    Total CRE Inventory on Market (SF)

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