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Spacious Duplex Ready for Renovation
For Sale
$45,000

37 Allen Street, Iron River, MI 49935

DUPLEX - Other - Iron River, MI

Property Size2,875 SF
Lot Size0.34 Acres
Price / SF$15.65
Days on Market122

Property Features for 37 Allen Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential
Rooms Basement
Interior features Hardwood Floors
Exterior features Sidewalks, Street Lights
Appliances None (Appliances)
Lot features Sidewalks, City Limits
Elementary school district West Iron County School District
Middle school district West Iron County School District
High school district West Iron County School District
Subdivision Iron River (36010)
Standard status Active
Size 2,875 SF
Lot size 0.34 Acres

Building Details

Year built 1940
Floors in Building 2
Architectural style Other
Listing Agency: COLDWELL BANKER SCHMIDT REALTORS
Listed By: SARY RAMIREZ-PATERNINA · License #6501457151
Added: Apr 10 Changed: Aug 3 Last Checked: Aug 9 at 6:06PM
MLS# 50204040

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.

Located at 37 Allen St in Iron River, this 2,875 sq ft property offers renovation potential. Situated on a 0.34-acre mostly flat lot on a quiet street, the property was previously configured as a duplex and has been completely gutted, providing a blank slate for a new project. It can be restored as a multi-unit income property or converted into a large single-family home. Utilities are currently not connected, allowing for a full system upgrade. The property is located three blocks from trail access. The surrounding area offers outdoor recreation. The property is located in Iron River, MI.

Key Highlights

  • Large 2,875 sq ft property on a 0.34‑acre lot offers significant renovation potential.
  • Blank slate: Completely gutted interior allows for customized design and upgrades.
  • Flexible layout: Suitable for conversion to a single‑family home or multi‑unit income property.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Electrical Service Storage Facility Hair Salon Pharmacy

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

11
Businesses Nearby

Demographics for 49935, MI

5,952
Population
4,610
Households
1.3
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
457.0 sq mi
ZIP Area
13
Density / Sq Mi
$52,254
Median Household Income
$38,052
Median Earnings
$445
Median Rent
$103,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - 2,875 sq ft duplex on 0.34 acres, ready for renovation.
Where is this duplex located?
The property is located at 37 Allen Street Iron River, MI.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: Large 2,875 sq ft property on a 0.34‑acre lot offers significant renovation potential.; Blank slate: Completely gutted interior allows for customized design and upgrades.; Flexible layout: Suitable for conversion to a single‑family home or multi‑unit income property.
More about this property
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