200 W Ludington St

Michigan Broker of Record - JAMES C. BIERI - Stokas Bieri Real Estate - Michigan R.E. License No. 650213074
Faris Lee Investments is pleased to present an exceptional opportunity to acquire the fee simple interest in Iron Mountain Executive Plaza, a single master-tenant, net-leased property ideally positioned in the heart of Iron Mountain, MI. The property benefits from a long-term master lease through 2033 managed by PWA Management LLC a well-established national operator managing a diverse portfolio, including shopping centers, golf courses, and senior living communities across the United States. With 9+ years remaining on the lease and both corporate and personal guaranties in place—including a 5-year personal guaranty (inquire for more details) —this investment offers a secure, passive income stream for investors. The net lease structure, which eliminates landlord responsibilities, is ideal for passive, yield-focused investors.
The 12.00% yield on this property presents a rare opportunity for high returns, allowing investors to seed funds for remodeling the Iron Mountain Executive Plaza. This investment approach enables guaranteed income and 100% land ownership, enhancing asset value and long-term return potential. The Plaza’s prominent downtown location provides high visibility and foot traffic, with strong demand for commercial space supported by Iron Mountain’s thriving economic landscape.
Iron Mountain’s Growth and Revitalization
Iron Mountain has demonstrated a commitment to economic development, attracting significant investments to stimulate growth. Recent community revitalization efforts in the last five years include: a tech office park to attract start-ups, a new Downtown retail complex, expansion of the Marshfield Medical Center, a food processing plant focused on local agriculture, a large-scale distribution center, a renewable energy facility, and a new automotive manufacturing plant, backed by a $2.7 million state investment. These initiatives underscore Iron Mountain’s commitment to enhancing its appeal, creating new job opportunities, and fostering a robust commercial environment, which has increased the demand for housing and commercial development.
Strategic Location with Growing Demand
The property’s strategic location at 200 W. Ludington St. places it within a prime high-traffic corridor in downtown Iron Mountain, offering excellent accessibility and visibility. The property sits kitty corner to the Regional United States Postal Service facilities and is one-block away from a newly constructed TownePlace Suites operated by Marriott with 95 dwelling units. Iron Mountain itself enjoys a stable demographic base, with a population of approximately 7,522 and a high homeownership rate of 75.9%, indicative of a secure and invested community. These demographic factors, combined with the city’s strong commitment to growth, make Iron Mountain Executive Plaza well-positioned to benefit from ongoing economic expansion.