Ironwood, MI Commercial Real Estate for Sale

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21 properties

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Updated: Apr 8

Multitenant Retail Plaza Opportunity

629 W Cloverland Drive, Ironwood, MI 49938

$2,500,000

20,975 sqft 4.30 AC lot

High‑visibility location on US 2 with 4.3 acres for future expansion
19,500 sq ft plaza built to high standards with 7 long‑term tenants and an additional 800 sq ft building with an 8th tenant
Strong income potential with almost $30K in gross lease income
Ample parking with blacktopped front and back lots for up to 85 vehicles
Includes a 38x28 detached garage, additional storage building, and security cameras

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This listing looks promising.

Here's a quick look at some key insights for

629 W Cloverland Drive, Ironwood, MI 49938

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$218K
Annual
Price @ 7% Cap

$3.11M
Above asking
Property Type

Retail Stores
Built 2005

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Updated: May 11

Restaurant Building with Parking

135 E Cloverland Drive, Ironwood, MI 49938

$149,900

2,781 sqft 0.20 AC lot

2700 SF commercial building on US 2 in Ironwood, MI
Blacktop parking area with easy access, plus a side delivery door
Wheelchair access with an accessible approach ramp
Full, unfinished basement for storage and potential walk‑in cooler
Unfinished bar and bathroom areas—ready for updates

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Mixed-Use Investment with Apartments

101 N Lowell Street, Ironwood, MI 49938

$599,000

13,062 sqft 1.44 AC lot

Three-story brick apartment building plus an adjacent mixed-use building with commercial space and a second-floor apartment.

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Five-Unit Retail Building

216 Roosevelt Street, Ironwood, MI 49938

$410,000

6,720 sqft 1.29 AC lot

Five-unit retail complex with four leased spaces and one unit scheduled to open for occupancy at year-end 2025.

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Historic Mixed-Use Office Building

216 E Aurora Street, Ironwood, MI 49938

$524,900

7,093 sqft 0.13 AC lot

Renovated office spaces on the main level with a separately accessed second-floor loft and apartment.

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Five-Unit Retail Corner Complex

216 Roosevelt Street, Ironwood, MI 49938

$410,000

6,720 sqft 1.28 AC lot

Five-unit commercial strip hosts four leased businesses, with one unit scheduled to open end of 2025.

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Commercial Building with Two Entrances

318 N Lake Street, Ironwood, MI 49938

$69,900

3,264 sqft 0.23 AC lot

Large commercial building features two front entrances with display rooms and interior spaces with original hardwood flooring.

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Turnkey Bakery Restaurant Building

230 Aurora St, Ironwood, MI 49938

$189,000

1,600 sqft

Fully renovated masonry storefront bakery with production kitchen, retail seating for up to 15, and a walk-in cooler.

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Multifunctional Retail Plaza with Parking

629 CLOVERLAND DR, Ironwood, MI 49938

$2,500,000

4.30 AC lot

Shopping plaza featuring multiple tenants, blacktop parking for up to 85 vehicles, and accessory buildings.

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Mixed-Use Retail and Apartment Building

126 E Aurora Street, Ironwood, MI 49938

$225,000

2,068 sqft 0.06 AC lot

Turnkey building with main-level wine and spirits bar and an upstairs one-bedroom rental apartment.

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Modern Industrial Facility on 5.37 Acres

1700 Iron King Road, Ironwood, MI 49938

Contact for pricing

45,912 sqft 5.37 AC lot

45,912 SF industrial facility with ample parking and yard.

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Restaurant Building with Parking

135 CLOVERLAND DR E, Ironwood, MI 49938

$149,900

0.20 AC lot

Commercial building on US 2 with blacktop parking, wheelchair ramp access, side delivery door, and an unfinished basement.

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Turnkey Bakery and Retail Space

230 E Aurora Street, Ironwood, MI 49938

$189,000

1,600 sqft 0.13 AC lot

Fully renovated masonry building operating as a wholesale bakery, with equipped production area, retail seating, and parking.

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Modern Industrial Facility on Acreage

1760 Liberty St, Ironwood, MI 49938

Contact for pricing

19,304 sqft 7.00 AC lot

Move-in-ready industrial facility with acreage and US-2 access.

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Renovated Historic Mixed-Use Building

216 AURORA ST E, Ironwood, MI 49938

$524,900

0.13 AC lot

Renovated office spaces plus a fully renovated 2nd-level loft and apartment, with a separate entrance and shared hall.

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Downtown Mixed-Use Storefront

122 W Aurora Street, Ironwood, MI 49938

$97,900

2,100 sqft 0.08 AC lot

Main-level storefront with large display windows, plus two upper apartments with street and alley access.

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COMMERCIAL - Ironwood, MI

100 Bonnie St, Ironwood, MI 49938

$44,900

2,756 sqft 0.10 AC lot

2,756 sq ft commercial building with upstairs apartment.

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Commercial Building with Apartment

100 Bonnie Street, Ironwood, MI 49938

$44,900

2,756 sqft 0.10 AC lot

2,756 sq ft commercial building with upstairs apartment.

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Turn-Key Restaurant with Seating

106 E Cloverland Drive, Ironwood, MI 49938

$200,000

1,406 sqft

Turn-key restaurant offering seating for 45, included equipment and furnishings, and plenty of parking near US 2.

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Turn-Key Restaurant with Seating

106 E Cloverland Drive, Ironwood, MI 49938

$200,000

1,406 sqft 0.41 AC lot

Turn-key restaurant for sale with seating for 45 and included equipment and furnishings.

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Two-Story Brick Office Building

1 Iron King Rd, Ironwood, MI 49938

$30,000

Two-story brick building with multiple rooms, 1½ bathrooms, and a full basement, plus rear parking lot.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Ironwood, MI, we suggest to view alternatives - similar 51 Off-Market properties to explore as potential leads.

Off-Market Properties in Ironwood, MI

Consider similar Off-Market properties in Ironwood, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

HOMES (RETIRED, NURSING)

126 Arch St, Ironwood, MI 49938-1900

Value Estimation by Request

17,548 sqft 0.97 AC lot

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AUTO REPAIR, GARAGE

30 Newport Hts, Ironwood, MI 49938

Value Estimation by Request

3,000 sqft 0.55 AC lot

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OFFICE BUILDING

460 Cloverland Dr, Ironwood, MI 49938-1008

Value Estimation by Request

1,800 sqft 0.36 AC lot

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Ironwood, MI Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Ironwood, MI, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 141,523 square feet of properties for sale, with an estimated market value of $9,059,200.

Sale prices for business properties in Ironwood, MI start at $30,000, averaging $476,800, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 7,424

Population Growth (5Y) -1.2%

Median Household Income $44,379

College Educated 32.5%

High-Yield Neighborhoods for Investment

Identify Ironwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49938	$600.2K

Taxes & Financing

Tax Rate (average for all types) 5.37%

Property Tax per SF $85.36 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Gogebic County

New Delisted

Total CRE Inventory on Market (SF)

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