930 Cloverland DrIronwood, MI 49938

For Sale
$449,000

Prime US-2 location, multi-unit building.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property, located at 930 E Cloverland Dr in Ironwood, Michigan (49938), presents a lucrative investment opportunity. The 5,400-6,160 square foot building, constructed in 2003, sits on a 1.08-acre lot and boasts a prime highway location on US-2, ensuring high visibility and accessibility. The property features four units, two currently occupied by long-term tenants. One unit is configured as an event center with a recently remodeled kitchen and dining area, easily adaptable to restaurant use. A smaller garage/storage area with an overhead door is located at the rear. All units benefit from ample paved parking and attractive vestibules. A large marquee sign provides excellent highway visibility, and the easternmost unit includes a drive-through service window. The property also includes a substantial parking lot and a separate outbuilding (available for separate sale). The building features central A/C and forced-air heating, along with amenities such as meeting rooms, public restrooms, and a cafe/kitchen. The property is zoned commercial and has 21 parking spaces. The asking price is $449,000, with a land value of $72-$83 per square foot. Utilities include natural gas. This property offers significant potential for rental income or owner-operator use. The APN is 52-14-361-070.

Highlights

  • $72-$83 per square foot land value.
  • Natural gas fuel.
  • Real estate only included in sale.
  • Privately owned.
  • Commercial/industrial/business opportunity.
  • Standard listing conditions.

Property Details for 930 Cloverland Dr

Property type
Other retail properties, Restaurants
Square Feet
5,400 SF
Year Built
2003
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Ironwood
County
Gogebic
State
Michigan
Latitude
46.4636256
Longitude
-90.1533009
930 Cloverland Dr, Ironwood, Michigan

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930 Cloverland Dr
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