# 5000 N Stephenson Avenue, Iron Mountain, MI 49801

> **TL;DR:** commercial, $365,000 ($41/sqft), built 1961, 8,852 sqft. Est. $1,582/mo. Listed 108 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $365,000 |
| Price/sqft | $41 |
| Square Feet | 8,852 |
| Year Built | 1961 |
| Lot Size | 91,912 sqft (2.11 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 108 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,582 |
| **Total** | **$1,582** |

## Property Highlights

- Built in 1961
- 2.11 acre lot

## Description

### 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, or 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 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!

## Location

- **Address:** 5000 N Stephenson Avenue, Iron Mountain, MI 49801
- **County:** Dickinson
- **Coordinates:** 45.8348, -88.0573
- **Google Maps:** https://www.google.com/maps?q=45.8348,-88.0573

## Listing Agent

- **Name:** KELLY CHALLANCIN
- **Brokerage:** LEEDS REAL ESTATE
- **Phone:** 9062824906
- **Email:** kelly@leedsrealestate.net

## Primary Photo

![5000 N Stephenson Avenue - Primary Photo](http://lh.rdcpix.com/ffa9b255a76971f7835be54a93e098d0l-f2871160797r.jpg)

*86 total photos available on [listing page](https://www.propertysimple.com/listing/5000-n-stephenson-avenue-iron-mountain-mi-49801-50199437)*

---

**MLS#:** 50199437 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/5000-n-stephenson-avenue-iron-mountain-mi-49801-50199437)

---

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