Skip to main contentSkip to navigation
1 / 86
Images
Map
Street

Improved Mixed-Use Land for Sale in Iron Mountain, Michigan

5000 N Stephenson, Iron Mountain, MI 49801

$425,000
2.1 acres
Active
$54.9k drop
Est $3,340/mo

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: o 2-bedroom, 1-bath living quarters (could also serve as office space or a conference room/break room) o 1,400+ sq ft workshop area o 2,400+ sq ft shop building with overhead doors - ideal for storage, automotive, or light industrial use o Renovated 2,700+ sq ft potential retail space, ready for a wide variety of uses o 1/2 bath in retail space o Upper-level open area, a blank canvas for expansion or additional office space o Newer forced NFA heating systems (two total) o 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!

8,852
Sq feet
1961
Built

Location

Street address
5000 N Stephenson
Community
Iron Mountain (22007)
Elevation
1,161 feet
Coordinates
45.8348, -88.0573

Property details

Acreage
2.11 acres
Zoning
Commercial
MLS #
UPAR 50182816
Posted

Property taxes

2024
$15,093

Parcels

  • 051-701-400-00

Details and features

Listing

Type
Commercial Sale

Exterior

Parking
Parking Lot

Structure

Heating
Forced Air
Materials
Brick
Roof
Asphalt, Metal, Shingle

Interior

Flooring
Concrete, Laminate, Tile, Vinyl
Security
Fire Alarm
Accessibility
Accessible Elevator Installed
Features
6 In. 4+Floor Thickness, Bath, Cafe/Kitchen, Concrete Floor, Delivery Door, Display Window, Floor Drain, Floor Reinforced, Freight Elevator(s), Gas Available, Living Quarters Attached, Overhead Doors, Private Restrooms, Public Restrooms, Separate Meters, Sheet Flooring, Sidewalks, Smoke/Fire Alarm, Tile Floors, Trash Removal, Under 400 Amps, Unfinished Floor, Vinyl/Laminate Floors

Listing history

DateEventPriceChangeSource
Nov 20, 2025Price drop$425,000$54,900 -11.4%UPAR
Oct 9, 2025Price drop$479,900$20,000 -4%UPAR
July 24, 2025New listing$499,900UPAR
Subscribe to listing updates

Payment calculator

This 2.11-acre property is located at 5000 N Stephenson in Iron Mountain, MI 49801. The property is available for sale for $425,000. It has a 8,852 sq ft structure built in 1961.

Checked 1 hour ago — Updated

Report listing issue

Copyright (C) 2025 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.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact