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    400 Silver St Ironwood, MI 49938

    For Sale
    $219,900

    Commercial/Industrial - Ironwood, MI

    Property size:
    2,862 SF
    Lot size:
    0.15 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 400 Silver St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    2752-21-479-060
    Interior features
    Cable TV Available, Cafe/Kitchen, Internet Available, Fence, Living Quarters
    Exterior features
    Fence, Fence Owned
    Fencing
    Fenced
    Size
    2,862 SF
    Lot size
    0.15 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Hot Water (Heating)
    Cooling system
    Wall/Window Unit(s)

    Building Details

    Year built
    1886
    Building materials
    Brick, Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    Zak's Realty Inc (906) 932-2688 [email protected]

    Listing agent TRACY DERIZZO (906) 932-2688 License #6501405998

    Listing date Oct 17, 2025

    MLS# 50171362 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

    Historic Ironwood Property with Updates

    This updated historic property, dating back to 1886, is located on Silver Street and was formerly a restaurant and bar. Currently operating as an Airbnb, the property offers possibilities for short-term rentals, business ventures, or residential use. The property is situated steps from bars, restaurants, and the snowmobile/ATV trail. The interior features 7 bedrooms (one is a walk-through), 2 full baths, and 2 half baths, along with 2 kitchens and 3 living room spaces. A spacious bar area includes original tin walls and ceiling. The property has a fenced-in area for privacy. The building has a commercial zoning. The property contains 2,862 square feet and is situated on a lot of 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    The House Next Door, Ironwood Masonic Lodge 389

    Location Insight

    • Map
    • Local Demand
    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.177501
    Latitude
    46.450172

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    FAQs

    What type of property is this?
    Bed & breakfast - Updated historic property with endless potential in a prime location.
    Where is this bed & breakfast located?
    The property is located at 400 Silver St Ironwood, MI.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - Historic property built in 1886 with original tin walls and ceiling.; - Currently operating as a successful Airbnb with income potential.; - Prime location steps from bars, restaurants, and snowmobile/ATV trail.
    (906) 932-2688
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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
    400 Silver St Ironwood, MI 49938
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