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    105 S Suffolk St Ironwood, MI 49938

    For Sale
    $215,000

    1 to 4 Units,Investment - Ironwood, MI

    Property size:
    5,952 SF
    Lot size:
    0.07 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 105 S Suffolk St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    52-22-330-190
    Patio and Porch features
    Patio, Deck
    Interior features
    Display Window, Living Quarters Attached, No Loading Facility, Restroom(s), Sidewalks, Wood Floors, Smoke/Fire Alarm
    Exterior features
    Deck/Patio
    Size
    5,952 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1900
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Tar/Gravel
    Architectural style
    Other

    FIRST WEBER, INC (906) 667-6366

    Listing agent HELENA LONGHINI (906) 667-6366 License #6501449634

    Listing date Nov 15, 2025

    MLS# 50194382 Listing URL

    Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Ironwood Mixed-Use Investment Property

    Located in historic downtown Ironwood, Michigan, this mixed-use investment property features a main floor commercial space with hardwood floors, exposed wood beams and posts, two entrances, and four front sidewalk window displays. A back storage area and utility closet offer adaptability for various business types. The extra-large basement spans the building's length, providing ample space for inventory, storage, or equipment. Above the commercial space, the residential area includes two individual apartments and a separate room currently used as an owner's sleeping area, which could also function as an office for the commercial space. One apartment, a one-bedroom, one-bathroom unit, has been used for short and mid-term rentals and includes access to a small exterior deck overlooking the back alleyway. A single room converted from a utility room into another sleeping area could be added to this apartment. The second, larger one-bedroom, one-bathroom apartment features original windows overlooking Suffolk Street and has been used as a long-term rental. Original woodwork adorns the trim, windows, and some doors in the upstairs areas. The property is situated on a 0.07-acre lot and offers 5952 square feet of space. This property presents a unique opportunity for the right buyer in the downtown area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Time Again Studios Art Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.169165044146
    Latitude
    46.455084304822

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    FAQs

    What type of property is this?
    Mixed-use property - Unique investment opportunity in historic downtown Ironwood, Michigan.
    Where is this mixed-use property located?
    The property is located at 105 S Suffolk St Ironwood, MI.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Large commercial space in Historic Downtown Ironwood featuring hardwood floors, exposed wood beams, and multiple entrances.; - Residential living areas above the commercial space, including two apartments and a separate room.; - One apartment is set up as a short/mid-term rental with potential for expansion.
    (906) 667-6366
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    Ironwood, MI 49938
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 S Suffolk St Ironwood, MI 49938
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