Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Lot Near Powderhorn Village Title is generated by Realmo AI

    Summit View Drive lot 13, Ironwood, MI 49938

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Ironwood, MI

    Lot size:
    0.30 Acres
    Added:
    Jun 5, 2025
    Days on Market:
    352
    Last Refresh:
    May 22 at 4:06 am

    Property Features for Summit View Drive lot 13

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    153

    We can help!

    Listing Contact
    GAYLE COLASSACO

    Listing agent GAYLE COLASSACO License #UPAR

    Listing office FIRST WEBER, INC 101 E Mary Street, Bessemer, MI

    Listing date Jun 5, 2025

    MLS# 50177345 Listing URL

    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.

    HighLights

    • Mostly level and well‑wooded corner lot, ideal for building your dream home.
    • Located in Powderhorn village, not far from town for convenient access to amenities.
    • Electric and gas available at the road, simplifying the building process.
    • Close to recreational opportunities including ski hills, waterfalls, hiking, and biking.
    • Short drive to Lake Superior for endless summer fun.
    • Adjacent lot also available, offering the potential for an even larger property.

    Overview

    This 0.3-acre lot is mostly level and well-wooded, situated not far from town in the Powderhorn Village area. The corner lot provides a suitable location for constructing a retreat or year-round home. The area offers recreational opportunities, including ski hills, waterfalls, hiking, and biking. Lake Superior is also a short drive away. PAUD services this area, and electric and gas utilities are available at the road. The property is located on Summit View Drive in Ironwood, MI. An adjacent lot is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.0899065
    Latitude
    46.5139159

    Nearby Similar for Sale

    • $2,500,000
      20,975 SF

      Multifunctional Commercial Property in Ironwood

      Highly visible commercial property with expansion potential and diverse tenant mix.
      629 W Cloverland Drive, Ironwood, MI 49938
      View Details
    • $149,900
      2,781 SF

      Commercial Building on US 2

      2700 sq ft commercial building with limitless potential.
      135 E Cloverland Drive, Ironwood, MI 49938
      View Details
    • $149,900
      2,700 SF

      Commercial Building on US 2

      2700 sq ft commercial building with limitless potential.
      135 CLOVERLAND DR E, Ironwood, MI 49938
      View Details
    • $2,500,000
      19,500 SF

      Multifunctional Commercial Property in Ironwood

      Versatile commercial property with expansion potential on 4.3 acres.
      629 CLOVERLAND DR, Ironwood, MI 49938
      View Details
    • $159,900
      2,008 SF

      Updated Duplex with Garage Space

      Well-maintained duplex in Ironwood with updated interiors and garages.
      919 Nightingale, Ironwood, MI 49938
      View Details
    • $119,900
      1,434 SF

      Ironwood Duplex: Investment Opportunity

      Well-located Ironwood duplex near amenities and trails. Updated vacant unit.
      208 Greenbush Street, Ironwood, MI 49938
      View Details
    • $189,000
      1,600 SF

      Established Bakery Business Opportunity

      Turnkey artisan bakery with equipment, recipes, and real estate.
      230 E Aurora Street, Ironwood, MI 49938
      View Details
    • $159,900
      1,004 SF

      Updated Duplex with Garage Space

      Well-maintained duplex in Ironwood with updated interiors and garages.
      919 Nightingale St, Ironwood, MI 49938
      View Details
    • $300,000

      Lake Superior Waterfront Land

      17 acres with 419' frontage on Lake Superior.
      17 AC ON LAKE RD, Ironwood, MI 49938
      View Details
    • $500,000

      Lake Superior Waterfront Land

      20 acres with 733' frontage on Lake Superior.
      20 AC ON LAKE RD, Ironwood, MI 49938
      View Details
    • $97,900
      2,100 SF

      Mixed-Use Property in Downtown Ironwood

      Versatile commercial property with storefront and apartments in revitalized district.
      122 W Aurora Street, Ironwood, MI 49938
      View Details
    • $200,000

      Lake Superior Waterfront Land

      3.74 acres with panoramic Lake Superior views in Ironwood.
      3.74 Ac LAKE RD, Ironwood, MI 49938
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Level, wooded lot suitable for building a home or retreat.
    Where is this residential land & home lot located?
    The property is located at Summit View Drive lot 13 Ironwood, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Mostly level and well‑wooded corner lot, ideal for building your dream home.; Located in Powderhorn village, not far from town for convenient access to amenities.; Electric and gas available at the road, simplifying the building process.
    (906) 364-0621
    We can help!
    Listing Contact
    GAYLE COLASSACO
    Real Estate License ID: UPAR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Summit View Drive lot: 13, Ironwood, MI 49938
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!