421 S Stephenson Ave - Flex FOR SALE


Iron Mountain, MI 49801
$779,900 USD
906-396-9422
421 S Stephenson Ave, Iron Mountain, MI for Sale
$779,900 USD
Flex - FOR SALE
1/27
null | Request Cap Rate

421 S Stephenson Ave
Iron Mountain, MI 49801


OVERVIEW

Historic Downtown Iron Mountain Restaurant - A Turn-Key Gem Nestled in the heart of historic downtown Iron Mountain, this beautifully renovated and well-patronized restaurant offers a rare blend of timeless charm and modern convenience. Step into a space where the rich history of the past meets today's comfort and innovation. With stories embedded in its walls, guests are invited to relax and share memories over their favorite beverage at the thoughtfully designed bar area-complete with purse holders and built-in phone chargers, offering a touch of modern hospitality. The structure itself is a showstopper, boasting an open concept layout with soaring ceilings and stunning lighting that casts a warm glow over polished floors. Floor-to-ceiling windows flood the dining area with natural light, creating an inviting ambiance for every dining experience. At the heart of the space is a modern open-concept chef's kitchen, featuring state-of-the-art oven ranges and a newly installed, state-approved hood system. Guests can enjoy the unique experience of watching their meals come to life in real time. Supporting the operation is a well-equipped waitress station, a prep kitchen, and two public restrooms. A convenient back hallway entry provides shelter from the elements and easy access from the large public parking lot. The charm continues outdoors, where municipally approved patio seating offers a perfect spot to dine al fresco and take in the downtown atmosphere. Walking distance from the new Marriott Hotel convenient for Iron Mountain visitors. Below, the lower level provides abundant storage with five finished rooms-ideal for rental to local entrepreneurs in need of secure extra space. Additional amenities include a large pantry, a newer reverse osmosis water system, newer hot water tank, and a modern security system, and poured concrete roof. This turn-key restaurant is not only a local favorite, but a rare investment opportunity in a vibrant and growing community. A true treasure ready to welcome its next visionary owner.

FOR SALE DETAILS

PRICE

$779,900 USD

PRICE/SF

$186 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12

LAND SF

5,227

ZONING

-

APN/PARCEL ID

051-100-460-00

ASK ABOUT THIS PROPERTY

Kimberly WebbLeeds Real EstateMore Info
906-396-9422

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Kimberly WebbLeeds Real EstateMore Info
906-396-9422

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