932 Cloverland DrIronwood, MI 49938

For Sale
$595,000

Established Movie Theatre, 8,640 sq ft, 2.54 acres

Overview

Added:
Feb 3
Days on market:
39
This exceptional business opportunity presents a well-established family entertainment center in Ironwood, MI. The property encompasses a four-screen movie theatre situated on a generous 2.54-acre lot, offering ample space and potential for expansion. The 8,640 square foot building, originally constructed in 1970 as a two-screen cinema, underwent a significant remodel in 1998, expanding to its current four-screen configuration and updated lobby. The theatre boasts four auditoriums of varying sizes: a Southwest theatre (40x40) seating 179, a Southeast theatre (30x40) seating 92, a Northwest theatre (30x40) seating 100, and a Northeast theatre (30x30) seating 80. All theatres feature fleck flooring and ample wheelchair-accessible seating. The property also includes a two-register concession stand, a vestibule ticket sales area, restrooms, and first-floor office space, along with upstairs storage. Significant upgrades have been made, including an 11-year-old Duralast roof, 10-inch fiberglass ceiling insulation, and four natural gas furnaces with 2-ton HVAC systems (approximately 13 years old). All necessary fixtures are included in the sale, encompassing projectors, a popcorn machine, ice machine, cotton candy machine, popcorn warmer, nacho cheese warmer, seating, seat replacement parts, and office supplies. The building and land are sold together, presenting a turnkey opportunity for a new owner to step into a thriving business. The property is located at 932 E Cloverland, Ironwood, MI, and is priced at $595,000.

Property Details for 932 Cloverland Dr

Property type
Investment properties, Other investment properties
Square Feet
8,640 SF
Year Built
1970
Lot Size (sq. ft)
110,642 SF

Location Insight

City
Ironwood
County
Gogebic
State
Michigan
Latitude
46.46369
Longitude
-90.15219
932 Cloverland Dr, Ironwood, Michigan

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932 Cloverland Dr
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