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    137-141 Reiman Rd Iron River, MI 49935

    For Sale
    $84,500

    2 Story, Duplex - Bates, MI

    Type:Duplex
    Property size:
    2,200 SF
    Lot size:
    2.00 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 137-141 Reiman Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen
    Bedrooms
    6
    Bathrooms
    2
    APN
    001-020-020-00 and 001-020-019
    Parking features
    Unassigned
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Basement Y/N
    1
    Size
    2,200 SF
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Other

    U.P Riverland Realty (906) 265-9921 [email protected]

    Listing agent JILL ALBANYS (906) 265-9921 License #6502376196

    Listing date Oct 31, 2025

    MLS# 50193126 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

    Two-Story Duplex in Bates, MI

    This two-story duplex is located one mile from Sunset Lake and three miles from town. This side-by-side duplex offers potential for building an investment portfolio. Many new items have been purchased and are waiting to be installed. The multi-unit dwelling features new electric and a new furnace. One unit has new drywall and new windows. New windows and doors have been purchased for the second unit. The units are under construction. The property is situated in a country setting and offers income potential. The lot size is 2 acres. The property size is 2200 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Clothing Store Auto Repair Shop Smoke and Vape Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.585637544575
    Latitude
    46.109324708467

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    FAQs

    What type of property is this?
    Duplex - Duplex with income potential, located near Sunset Lake.
    Where is this duplex located?
    The property is located at 137-141 Reiman Rd Iron River, MI.
    What is the asking price?
    The asking price for this property is $84,500.
    What are key features of this property?
    This property features: - Great income potential as a duplex.; - New electric and furnace installed.; - New windows in one unit.
    (906) 265-9921
    Request Owner's contact information
    137-141 Reiman Rd Iron River, MI 49935
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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
    137-141 Reiman Rd Iron River, MI 49935
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