Ironwood MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
5,170
Status:
Active
Beds:
n/a
Lot size:
0.12 Acres
Year built:
1890
Baths:
1.00
MLS#:
50150825
Subdivision:
Na

ADDITIONAL INFORMATION

Ideal walkable location, and a ton of 140 yr. old charm claims this 5,200 sq ft 1880's building. Having the versatility of either multi family, or downtown commercial provides a wide variety of directions to the buyer. Good bones, thick natural stone foundation, dry 6' basement, Duralast roof, and the renovated 1st floor, make the renovation of the 2nd floor the fun part. Plenty of off-street parking in the back. Ironwood needs housing, this will be a great investment property for multiple apartments or retail space.

Type:
Multi-Family
Sq.Ft.:
1,920
Status:
Active
Beds:
n/a
Lot size:
0.27 Acres
Year built:
1973
Baths:
5.00
MLS#:
50148902
Subdivision:
None

ADDITIONAL INFORMATION

Investment Opportunity! Attractive fully furnished building with 5 total apartments of which 4 are 1 bedroom/1 bath units plus the third floor apartment which can be used as a 1 bedroom plus den or as a common area. All have separate entrances. Located within a short distance to Big Powderhorn Mountain Resort. Units 1-4 offer an open concept living room with free standing wood burning fireplace, kitchen with apartment size appliances, bedroom and full bath with patio doors to the deck. These units also have interlocking interior doors. Unit 1 also offers a stackable washer/dryer. The third floor apartment is accessed via the back of the building. New flooring throughout this open concept space with kitchen, dining, living room, bedroom plus a den providing mountain views. There is a detached building with hot tub and changing area. Units 1-4 are serviced by natural gas heat and have separate electric meters. Private well, newer windows, beautiful wood beams and ceilings. Backyard setting is the perfect spot to unwind and enjoy nature on the deck or around the firepit. There is plenty of room for yard games too. Ample parking area. Seller had a brand new roof installed and a crawlspace dehumidifier system. All units have a new smart tv, some updated light fixtures along with updated decor and furnishings. There are so many possibilities to consider with this commercial building from long and/or short term rentals, to turning it into a condominium or keeping one unit for yourself while renting the others. Come take a look today and explore your possibilities in the U.P. Seller is a Licensed Real Estate Broker.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.



Ironwood Real Estate

The median home value in Ironwood, MI is $88,000. This is higher than the county median home value of $74,800. The national median home value is $219,700. The average price of homes sold in Ironwood, MI is $88,000. Approximately 54.49% of Ironwood homes are owned, compared to 23.84% rented, while 21.67% are vacant. Ironwood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ironwood real estate agent to arrange a tour today!

Ironwood, Michigan has a population of 5,051. Ironwood is less family-centric than the surrounding county with 16.08% of the households containing married families with children. The county average for households married with children is 18.36%.

The median household income in Ironwood, Michigan is $29,174. The median household income for the surrounding county is $36,689 compared to the national median of $57,652. The median age of people living in Ironwood is 47.6 years.

Ironwood Weather

The average high temperature in July is 76.1 degrees, with an average low temperature in January of 2.9 degrees. The average rainfall is approximately 33.9 inches per year, with 188.2 inches of snow per year.

Ironwood Real Estate Market Conditions

  • Median sales price

    $88,000
    9.2% change since last quarter
  • # Active listings

    67
    30-day change

Ironwood Schools and Demographics

Education near Ironwood, MI

Metric City County
High School Graduates 91.99 92.32
College Degree - 2 year 9.26 10.16
College Degree - 4 year 18.75 18.38
Graduate Degree 4.78 4.78
Expenditures per Student 9,587 10,618
Students per Teacher 14.9 15.7

Elementary Schools near Ironwood, MI

School Grades Students P/T Ratio ZIP
Norrie Elementary School 03 - 06 198 15.3 49938
Sleight Elementary School PK - 02 190 11.3 49938
Washington School KG - 06 215 14.2 49911

High Schools near Ironwood, MI

School Grades Students P/T Ratio ZIP
A.D. Johnston Junior/Senior High School 07 - 12 209 19.3 49911
Luther L. Wright High School 07 - 12 358 13.9 49938

Ungraded Schools near Ironwood, MI

School Grades Students P/T Ratio ZIP
* Gogebic County Community Education 09 - 12 55 31.4 49911
Wakefield-Marenisco School PK - 12 288 15.2 49968

Demographics near Ironwood, MI

Metric City County
Neighborhood Type Small Town
Population 5,051 15,577
Population Density 768 14
Median Age 47.6 48.7
People per Household 2 2.1
Median Household Income 29,174 36,689
Average Income per Capita 21,486 22,297