Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This 0-bedroom, 0-bathroom commercial at 5000 N Stephenson Avenue in Iron Mountain, MI is listed for $365,000 ($41 per sqft). Built in 1961, the home offers 8,852 sqft of living space on a 2.11 acres lot.

Agent Description

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, o

r light industrial use - Renovated 2,700+ sq ft potential retail space, ready for a wide variety of uses - 1/2 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 ent

ire 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!

Key Features

  • Built in 1961
  • 2.11 acre lot

Property Details

1961

Monthly Cost Estimate

$1,952/mo

20% down · 6.5% · 30 years

Principal$264
Interest$1,582
Insurance$106

Estimates only. Actual payments may vary.

Location

5000 N Stephenson Avenue

Iron Mountain, MI 49801

Property Details

Parking

Parking Lot

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5000 N Stephenson Avenue is listed at $365,000 ($41/sqft). The estimated monthly payment is $1,582 based on 20% down at 6.5% interest.

Key features include: Built in 1961, 2.11 acre lot.

This property is listed by KELLY CHALLANCIN and can be reached at 9062824906 or kelly@leedsrealestate.net.

KC

KELLY CHALLANCIN

Agent at LEEDS REAL ESTATE

(906) 282-4906

Listed by LEEDS REAL ESTATE

MLS# 50199437· Source: listhub· Updated 108 days ago

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5000 N Stephenson Avenue, Iron Mountain, MI 49801

Open this listing in: