2702 N Stephenson Ave - Hospitality FOR SALE


Iron Mountain, MI 49801
$1,500,000 USD
562-688-0739
2702 N Stephenson Ave, Iron Mountain, MI for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

2702 N Stephenson Ave
Iron Mountain, MI 49801


HIGHLIGHTS

  • 71-room hospitality property featuring comprehensive ancillary amenities.
  • Indoor pool (21' x 41') complemented by hot tub, sauna, and fitness center.
  • Conference and meeting rooms offer group accommodation potential.
  • Includes guest laundry, private maid closets, and service areas for efficient operations.
  • Prominent location along N Stephenson Ave, ensuring strong visibility and accessibility in Iron Mountain’s active lodging market.
  • Represents an opportunity for renovation, rebranding, or adaptive reuse under multiple lodging models.

OVERVIEW

Located along North Stephenson Avenue in Iron Mountain, this hospitality asset presents a significant investment opportunity in Michigan’s Upper Peninsula tourism corridor. Spanning approximately 24,852 square feet, the motel comprises 71 rooms and is equipped with amenities designed to support both short- and long-term guest stays. The facility includes a fitness center, a large 21-by-41-foot indoor pool, a spa-style hot tub, and a sauna (currently inactive). Additional guest conveniences include a dedicated breakfast room, a conference area, a business-ready meeting space, and laundry facilities for both guests and staff. The property sits on a highly visible thoroughfare with strong vehicular traffic and connects directly to the regional highway network, positioning it advantageously near key attractions, recreation hubs, and local business districts. With its extensive amenity package and operational infrastructure, the asset is primed for repositioning, brand conversion, or continued hospitality use under existing management. Attractive pricing at $2,100,000 creates a compelling value proposition for investors targeting leisure and business traveler-driven markets in the Upper Peninsula.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$60 USD /SF

# OF ROOMS

71

PRICE/ROOM

$21,127 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iron Mountain Inn & Suites MI US 2

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

82

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

B-2

APN/PARCEL ID

051-700-190-01

ASK ABOUT THIS PROPERTY

Henry John NettoHenry John NettoMore Info
562-688-0739

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Henry John NettoHenry John NettoMore Info
562-688-0739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.