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    Downtown Mixed-Use Apartment & Retail Title is generated by Realmo AI

    101 N Lowell Street, Ironwood, MI 49938

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    For Sale
    $599,000

    COMMERCIAL - Ironwood, MI

    Property size:
    13,062 SF
    Lot size:
    1.44 Acres
    Price / SF:
    $45/SF
    Added:
    May 31, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 12 at 4:06 am

    Property Features for 101 N Lowell Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Parking Lot
    Standard status
    Active
    Size
    13,062 SF
    Lot size
    1.44 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Heating system
    Forced Air, Oil, Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1920
    Roof type
    Rubber, Metal

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    Listing Contact
    GAYLE COLASSACO

    Listing agent GAYLE COLASSACO License #UPAR

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

    Listing date May 31, 2026

    MLS# 50209660

    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

    • 15‑apartment, 3‑story brick building (year built 1920) with unit mix of 10 studio, 1 1‑bedroom, two 2‑bedroom, and one 3‑bedroom
    • Adjacent mixed‑use building (#107) with 1,200 SF commercial space plus upper‑level 2‑bedroom, 1‑bath apartment
    • 2‑year‑old central hot water boiler system, separate electrical meters, and new 800 amp service
    • Full basement includes laundry room with 2 newer washers and 2 newer dryers, plus additional storage and potential‑use rooms
    • Property includes an onsite office and additional storage rooms, plus off‑street parking in a gravel parking lot and parking lot
    • Detached 3‑car garage built in 1981 on 1.44 acres

    Overview

    The property includes a three-story brick apartment building with a mix of ten studio units, one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. Units include kitchen appliances. The building has an onsite office and additional storage rooms, and the full basement features a laundry room with two newer washers and two newer dryers, tenant storage closets, and several rooms that could support additional use. A two-year-old central hot water boiler system serves the building, and there are separate electrical meters with new 800 amp service.

    Adjacent to the apartments is a two-story mixed-use building (identified as #107) with separate entrances to both levels. The main level is an open commercial space with concrete floors, a temporary wall dividing a front and back area, and a new wall-mounted heater, creating a flexible layout for a variety of retail or service uses. The upper level is an updated 2-bedroom, 1-bath apartment with a fireplace, updated appliances, and a new stackable washer/dryer, along with original interior features such as tall ceilings, rounded archways, crown molding, hardwood floors, large rooms, and multiple closets. The mixed-use building has newer vinyl windows, natural gas heat, and a metal roof.

    The detached 3-car garage, built in 1981, sits at the back of a large gravel parking lot. The combined property is 1.44 acres and runs parallel to the snowmobile and UTV trails as well as the Iron Belle Trail, supporting practical access for tenants and visitors tied to trail activity. Separately metered utilities and an onsite office can help streamline building operations for an owner-operator or property manager.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Norwegian Apartment Building Pickard Place Apartments Apartment Building

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.171207
    Latitude
    46.4545455

    FAQs

    What type of property is this?
    Apartment building - Brick apartment building with adjacent street-level commercial space and an upper two-bedroom unit, plus onsite amenities.
    Where is this apartment building located?
    The property is located at 101 N Lowell Street Ironwood, MI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 15‑apartment, 3‑story brick building (year built 1920) with unit mix of 10 studio, 1 1‑bedroom, two 2‑bedroom, and one 3‑bedroom; Adjacent mixed‑use building (#107) with 1,200 SF commercial space plus upper‑level 2‑bedroom, 1‑bath apartment; 2‑year‑old central hot water boiler system, separate electrical meters, and new 800 amp service
    More about this property
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