629 CLOVERLAND DR Ironwood, MI 49938
COMMERCIAL - Ironwood, MI
Property Features for 629 CLOVERLAND DR
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 10
- Rooms
- Bathroom 7, Bathroom 8, Bathroom 5, Bathroom 1, Bathroom 6, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 9, Bathroom 10
- Parking features
- Special Needs, Driveway
- Interior features
- Storage
- Exterior features
- HandicapAccessible
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 52-21-202-120, 090
- Lot size
- 4.30 Acres
Taxes and HOA fees
- Tax Description
- Full legal in documents.
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Flooring type
- Carpet, Concrete, Tile
- Building materials
- Frame, LogSiding, MetalSiding, Stone, WoodSiding
- Roof type
- Metal, Composition, Shingle
- Additional Structures
- Outbuilding, Storage
Listing agent RACHEL MARTIN License #60346 - 90 (715) 891-6686
Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, MI (715) 358-0450
Listing date Apr 8, 2026
Copyright © 2026 Greater Northwoods MLS. 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.
The site includes blacktop parking in both the front and back for up to 85 vehicles, plus a 38x28 detached garage and an additional storage building. The property is described as having security cameras, 3-phase power, and city sewer and water, with ADA compliance and sidewalks. Exterior is noted as half log and stone, and units are equipped with forced air and central air, with multiple front display windows.
Also included is an attached garage with an overhead door and additional access from a back city street. Unit square footage varies and is described as adaptable for other uses and layouts. Specific details are available.
Key Highlights
- 19,500 sq ft Sunnyside Plaza multifunctional commercial property in Ironwood, MI (7 tenants) plus an additional 800 sq ft building with an 8th tenant
- 4.3‑acre site with 2 parcels and blacktop front and back parking for up to 85 vehicles
- 3‑phase power, city water, and public sewer service available
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $314.2k | $15.48 |
| − Vacancy | −$13.2k | −$0.65 |
| EGI | $301.0k | $14.83 |
| − OpEx | −$90.3k | −$4.45 |
| NOI | $210.7k | $10.38 |
