2202 Aragon StIron Mountain, MI 49801

Property Details for 2202 Aragon St

Year built

1966

Lot size

3.20 AC

Property size (Sq ft)

15,556 SF

Property type

Commercial real estate

APN

051-000-007-10

APU

5100000710

Description

This exceptional investment opportunity presents a 12,000-square-foot flex space ideally situated in Iron Mountain, Michigan. The property, located at 2202 Aragon St, encompasses three buildings on a 3.2-acre fully fenced lot (APN: 05100000710). The main building boasts over 12,000 square feet of versatile space, featuring radiant heat, ceiling fans, 3-phase power, dedicated office space, restrooms, and ample storage. Access is provided by one 8-foot overhead garage door leading to a semi-container storage area and six 10-foot overhead doors with automatic openers. A separate meeting space is also included within the main building. Complementing the main structure are a detached 28x40 garage with a 12-foot overhead door and a 20x60 two-story outbuilding, offering significant additional space and potential uses. The property offers 25 parking spaces and features a 20-foot ceiling height. Built in 1997 and renovated in 2020, this single-tenant property is zoned for industrial use and is available for immediate occupancy on July 31, 2024. The asking price is $699,000 ($58.25/sq ft), with a land value of $5.01/sq ft. The property is comprised of three units, with a price per unit of $233,000. This multi-building, multi-use property presents a unique opportunity for business expansion or investment in a prime industrial park location.

• Alternative Use

  Use

  Valuation

  Residential

  $3,259,263

  Hospitality

  $2,985,467

  Educational

  $2,483,874

  Medical

  $2,569,298

  Retail

  $3,863,804

Location Insight

City

Iron Mountain

County

Dickinson

State

Michigan

Latitude

45.8434

Longitude

-88.0512

CBSA code

27020

CBSA name

IRON MOUNTAIN, MI-WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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