Five-Unit Strip
For Sale
$410,000
216 Roosevelt Street, Ironwood, MI 49938
COM/IND/BUS OPP, Ironwood, MI
Property Size6,720 SF
Lot Size1.28 Acres
Price / SF$61.01
Days on Market295
Property Features for 216 Roosevelt Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking features
Parking Lot, Off Street
Exterior features
Wheelchair Access
Accessibility
Accessible Approach with Ramp
Subdivision
Roosevelt Plaza
Lot features
Bus Service To Site, Corner Lot, Office Park, Strip Center, Cleared
Standard status
Active
Size
6,720 SF
Lot size
1.28 Acres
Utilities
Heating system
Radiant Floor, Zoned, Radiant
Water source
Public
Building Details
Year built
1992
Roof type
Asphalt, Rubber
Listing Agency:
THE REAL ESTATE STORE
(906) 932-5406
Listed By:
JANICE WYSSLING
(906) 285-0191
Added: Dec 15, 2025
Changed: Oct 3
Last Checked: Oct 6 at 2:06PM
MLS# 50196202
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This five-unit strip mall contains 6,720 square feet within a 1992-built commercial property. Four units are currently leased, while one unit is scheduled to become available at the end of 2025. The layout can accommodate continued multi-tenant occupancy or an owner-occupant using the upcoming vacancy, subject to applicable requirements.
The property occupies a 1.28-acre corner lot measuring 140 x 400 feet just off US-2 in Ironwood. Multiple curb cuts support access, with private parking positioned at both the front and rear of the building. Commercial zoning, public water, wheelchair access, an accessible approach with ramp, and radiant floor heating are also in place. The building has a rubber and asphalt roof.
The property occupies a 1.28-acre corner lot measuring 140 x 400 feet just off US-2 in Ironwood. Multiple curb cuts support access, with private parking positioned at both the front and rear of the building. Commercial zoning, public water, wheelchair access, an accessible approach with ramp, and radiant floor heating are also in place. The building has a rubber and asphalt roof.
Key Highlights
- Five‑unit commercial complex with 6,720 square feet
- Four units currently under lease
- One unit scheduled to become available at the end of 2025
Property Analytics
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Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Groceries 25%
Dining 16%
Home Improvements & Furnishings 12%
Super One Foods
Groceries
15,846 visits/mo
0.1 miles
Marshalls
Apparel
13,225 visits/mo
0.1 miles
Dunham's Sports
Apparel
8,848 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
7,520 visits/mo
0.2 miles
Burger King
Dining
6,650 visits/mo
0.2 miles
Demographics for 49938, MI
7,340
Population
4,728
Households
1.6
Avg Household Size
49
Median Age
23%
College-Educated
95%
High-School Grad
225.6 sq mi
ZIP Area
33
Density / Sq Mi
$44,379
Median Household Income
$34,553
Median Earnings
$590
Median Rent
$95,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - Commercially zoned property with four leased units, a future vacancy, private parking, and access from multiple curb cuts.
Where is this strip mall located?
The property is located at 216 Roosevelt Street Ironwood, MI.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Five‑unit commercial complex with 6,720 square feet; Four units currently under lease; One unit scheduled to become available at the end of 2025
