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Commercial Building with Two Entrances
For Sale
$69,900

318 N Lake Street, Ironwood, MI 49938

COMMERCIAL - Ironwood, MI

Property Size3,264 SF
Lot Size0.23 Acres
Price / SF$21.42
Days on Market37

Property Features for 318 N Lake Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Parking features Parking Lot
Subdivision Ironwood (27006)
Standard status Active
Size 3,264 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 2155

Utilities

Heating system Hot Water(Heating)
Water source Public

Amenities

outside basement access
old elevator
original hardwood flooring
newer hot water boiler
Listing Agency: ZAK'S REALTY
Listed By: NANCY ZAK · License #6501351668
Added: Jul 15 Changed: Aug 4 Last Checked: Aug 20 at 1:06AM
MLS# 50215111

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 large commercial building was formerly known as Depot Antiques and includes two separate front entrances, each leading to display rooms. The main portion of the building is divided into two large spaces and retains original hardwood flooring. Additional rooms are located toward the back, and there is an outside basement access area. The property also includes an older elevator (condition not confirmed) and a newer hot water boiler, along with circuit breakers for the electrical system.

The building is located close to US Hwy 2 and is adjacent to the ATV/Snowmobile trail and the Iron Belle trail system.

Plumbing is in place for two bathrooms, though bathrooms are not currently present. The building is positioned for a buyer to customize with repairs and improvements to meet their specific business needs.

Key Highlights

  • Large commercial building previously known as "Depot Antiques" with two front entrances and display rooms
  • Main area is split into two large spaces with original hardwood flooring
  • Includes outside basement access and an old elevator (condition not specified)

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Law Firm Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

206
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 67% Dining 23% Hotels & Casinos 10%
Holiday Station Store Shops & Services
9,621 visits/mo 0.2 miles
Little Caesars Pizza Dining
3,317 visits/mo 0.2 miles
AmericInn Hotels & Casinos
1,365 visits/mo 0.3 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Stems Flower Shop 215 S Lowell St, Ironwood, MI 49938

Frequently Asked Questions

What type of property is this?
Storefront property - Large commercial building features two front entrances with display rooms and interior spaces with original hardwood flooring.
Where is this storefront property located?
The property is located at 318 N Lake Street Ironwood, MI.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: Large commercial building previously known as "Depot Antiques" with two front entrances and display rooms; Main area is split into two large spaces with original hardwood flooring; Includes outside basement access and an old elevator (condition not specified)
More about this property
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