5000 N Stephenson Avenue Iron Mountain, MI $ 425,000
5000 N Stephenson Avenue
$ 425,000
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5000 N Stephenson Avenue

Iron Mountain, MI, 49801
$ 425,000
Bedrooms-- Baths-- Sq 8,852

Monthly Estimate*

$ 2,651

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Commercial Property for sale in Iron Mountain, MI

for $425,000. This 8,852 square foot building was built in 1961 on a lot size of 2.11.

Incredible 9,000+ Sq Ft Commercial Property on 2 Acres – Versatile Space with Living Quarters & High Visibility Potential. Opportunity knocks with this expansive and versatile commercial property offering over 9,000 sq ft of functional space on a fully cleared and professionally graded 2-acre lot. Whether you're looking to expand an existing business or start a new venture, this property is ready to deliver. Key features include: • 2-bedroom, 1-bath living quarters (could also serve as office space or a conference room/break room) • 1,400+ sq ft workshop area • 2,400+ sq ft shop building with overhead doors – ideal for storage, automotive, or light industrial use • Renovated 2,700+ sq ft potential retail space, ready for a wide variety of uses • ½ bath in retail space • Upper-level open area, a blank canvas for expansion or additional office space • Newer forced NFA heating systems (two total) • New septic, well pressure tank, water heater, and concrete work — all since 2023 The entire property has been thoughtfully improved with major excavation, new retaining walls, and professional landscaping. While most rocks and some topsoil/gravel will be removed before closing, these sales demonstrate the land’s added value. The workshop and 2,400 sq ft shop building are currently leased, with terms negotiable—offering flexibility and immediate income potential. Located just minutes from the WI border and the local airport, this is a prime spot for logistics, retail, light manufacturing, or mixed-use development. Could this be your next business adventure? Schedule a private showing and explore the endless possibilities!

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Commercial Active

Price

$ 425,000

Property Type

Commercial

Taxes

$ 15,093

Style

Commercial/Industrial

Lot Size

2.11

Year Built

1961

Town/City

Iron Mountain

County/Region

Dickinson

MLS | Web ID

50182816

Features
General
Heating Forced Air
Roof Asphalt Metal Shingles
Zoning Commercial Commercial
Water Private Well
Status Active Active
Year Built 1961
Parking 11-20 Spaces Parking Lot
Water Heater Electric
County Dickinson
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Iron Mountain
Sale/Rent For Sale
Status Detail 0
Commercial Features Bath Cafe/Kitchen Concrete Floor Delivery Door Display Window Floor Drain Floor Reinforced Flr Thickness: 4+ - 6 In. Freight Elevator(s) Gas Available Living Quarters Attached Overhead Doors
Area Iron Mountain (22007)
Directions From Iron Mountain head north on Stephenson Ave property on the right just before M-95 / US 2 junction
City Iron Mountain
Financial Terms Cash Commercial Loan Conventional Conventional Blend
Legal Description SEC 18 T40N R30W PART OF THE SE 1/4 X NW 1/4 BEGINING AT THE E 1/4 CORNER OF SEC 18 TH W ALONG S LINE TO SE CORNER OF THE FORTY TH N 89 DEG 52' 00 W 456.06 FT TO THE R/W OF HWY US-2
DOM 154
Price Per Sq Ft Total AG 48.01
Public Remarks Incredible 9
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Exterior
Exterior Brick Cement Metal Wood
Lot Size Area 2.11
Lot Dimensions 460x200
Water Features None
Roads City/County Class A U.S. Highway Year Round
Waterfront Y/N No
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Interior
Ceiling Height 16-20 Feet
Fuel Type Natural Gas
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* Excluded Features
List By
KELLY CHALLANCIN

Listing Agent

Leeds Real Estate

Broker

kelly@leedsrealestate.net

Email

Affordability Calculator

$3,909
Per Month
68%
32%
0%
Monthly Principal & Interest
$2,651
Monthly Property Taxes
$1,258
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$425,000 -11.44% Price Down
10/9/2025$479,900 -4.00% Price Down
7/23/2025$499,900 Listed Price

Map


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5000 N Stephenson Avenue, Iron Mountain, MI, 49801 is a Commercial Property for sale at $425,000 with 8,852 sqft and a lot size of 2.11. 5000 N Stephenson Avenue was built in 1961. The property's zip code is 49801 which is in Iron Mountain, MI