
Improved Mixed-Use Land for Sale in Iron Mountain, Michigan
5000 N Stephenson, Iron Mountain, MI 49801
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!
Location
- Street address
- 5000 N Stephenson
- County
- Dickinson County
- Community
- Iron Mountain (22007)
- Elevation
- 1,161 feet
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
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 20, 2025 | Price drop | $425,000 | $54,900 -11.4% | UPAR |
| Oct 9, 2025 | Price drop | $479,900 | $20,000 -4% | UPAR |
| July 24, 2025 | New listing | $499,900 | — | UPAR |





















































































