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    122 W Aurora St Ironwood, MI 49938

    For Sale
    $117,900

    1 to 4 Units - Ironwood, MI

    Property size:
    2,100 SF
    Lot size:
    0.08 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 122 W Aurora St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    52-22-331-060
    Interior features
    220 Volt Power, Alley, Bath, Cable TV Available, Carpet, Internet Available, Display Window, Electric Available, Fixtures, Living Quarters, Living Quarters Attached, Off Street Loading, Outside Storage, Private Restrooms, Restroom(s), Sidewalks, Vinyl/Laminate Floors, Smoke/Fire Alarm
    Exterior features
    Alley, Outside Storage, Fence Neighbor Owned
    Fencing
    Fenced
    Size
    2,100 SF
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Cable Available, Electricity Available
    Heating system
    Hot Water (Heating), Radiant
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1920
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other
    Additional Structures
    Storage

    FIRST WEBER, INC (906) 667-6366

    Listing agent KARI SEIFERT (906) 667-6366 License #650146562

    Listing date Nov 8, 2025

    MLS# 50193831 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

    Located in the heart of Downtown Ironwood, this mixed-use property presents an investment opportunity. The property features a commercial storefront on the main level, previously used as a pawn shop. Additionally, there are two upper-level apartments accessible from both the street and an alley. A detached garage and two parking spaces are situated at the rear of the property, offering off-street parking and storage. The property is located near the Iron Belle Trail and the Michigan-Wisconsin border, across from the Downtown City Square, where community events and markets occur throughout the year, and within walking distance of local shops, restaurants, and cafes. The main level includes large front display windows, providing visibility and natural light suitable for retail, a studio, office space, or other small business. The two upstairs apartments offer rental potential or owner-occupant options, creating a live/work setup. The property is situated on a lot of 0.08 acres and has a total size of 2100 square feet. This property is suitable for investors or business owners seeking to be part of Ironwood's downtown district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mattson's TV & Appliance ... Appliance Store

    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
    -90.17079
    Latitude
    46.453445

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and apartments in downtown Ironwood.
    Where is this mixed-use property located?
    The property is located at 122 W Aurora St Ironwood, MI.
    What is the asking price?
    The asking price for this property is $117,900.
    What are key features of this property?
    This property features: - Mixed-use property with commercial storefront and two apartments offers versatile investment and live/work options.; - Prime downtown location near Iron Belle Trail, City Square, and local attractions.; - Spacious commercial storefront with excellent visibility and natural light, suitable for various business types.
    (906) 667-6366
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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
    122 W Aurora St Ironwood, MI 49938
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