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202 W Genesee St 2,100 SF 100% Leased Retail Building Iron River, MI 49935 $119,900 ($57.10/SF)
Investment Highlights
- High-visibility downtown location with nearby retail and service businesses
- Newer roof installation and full interior clean-out completed to reduce initial capital needs
- Positioned in an all-seasons recreational area near ATV and snowmobile trails, supporting local traffic and tourism-driven demand
- Building delivered in shell condition, ready for customization to suit a variety of uses
Executive Summary
Offered at $119,900, this downtown Iron River property delivers a unique investment opportunity with a lease option and a flexible shell condition for customization. Featuring over 3,200 square feet of interior space, the building is primed for adaptive reuse, making it suitable for office, retail, or mixed-use configurations (subject to approvals). Positioned in a high-visibility location along W Genesee Street, this asset allows new owners to tailor the interior to meet tenant or operational needs while benefiting from existing structural upgrades, including a newer roof and public utility access.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Year Built
1940
Price
$119,900
Price Per SF
$57.10
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
Comm - Commercial
Frontage
Amenities
- Corner Lot
- Restaurant
- Storage Space
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 054-115-016-00 | Improvements Assessment | $37,450 |
| Land Assessment | $1,130 | Total Assessment | $38,580 |
Property Taxes
Parcel Number
054-115-016-00
Land Assessment
$1,130
Improvements Assessment
$37,450
Total Assessment
$38,580
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202 W Genesee St
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