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Renovation-Ready Duplex Property
For Sale
$45,000

37 Allen Street, Iron River, MI 49935

RESIDENTIAL, 2 Story, Iron River, MI

Property Size2,875 SF
Lot Size0.34 Acres
Price / SF$15.65
Days on Market169

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: Sep 3 Last Checked: Sep 25 at 9:06AM
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.

This 2,875-square-foot, two-story property was previously arranged as a duplex and now presents a largely cleared interior for reconstruction. The layout can support returning to a multi-unit configuration or adapting the structure for single-family use, subject to applicable requirements. A basement is included, and hardwood floors are identified among the interior features. Utilities are not currently connected, allowing future systems to be designed as part of the renovation. Built in 1940, the property occupies a mostly flat 0.34-acre lot at 37 Allen Street in Iron River. Sidewalks and street lighting serve the area, while trail access is located three blocks away. The site offers a substantial residential structure with a flexible starting point for a full rehabilitation project.

Key Highlights

  • 2,875 sq ft two‑story property previously configured as a duplex
  • 0.34‑acre mostly flat lot at 37 Allen Street
  • Interior has been stripped for comprehensive renovation

Property Analytics

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Current Use

Duplexes

Suggested Use

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

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

Lease Details

Yes
Paved road access

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Two-story structure with a stripped interior, basement, and flexible residential reconfiguration potential.
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: 2,875 sq ft two‑story property previously configured as a duplex; 0.34‑acre mostly flat lot at 37 Allen Street; Interior has been stripped for comprehensive renovation
More about this property
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