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    112 Lowell St Ironwood, MI 49938

    Sponsored
    For Sale
    $249,900

    Historic building, huge potential, prime location.

    Property size:
    7,740 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 7,740 square foot industrial property, situated on a 0.07-acre lot at 112 S Lowell in Ironwood, MI, presents a remarkable investment opportunity. Originally constructed in 1900 as the Michigan Bell Company, this building boasts a rich history and prime downtown location, one of only two remaining bars in the area. Its adjacency to the Cold Iron establishment offers synergistic potential for complementary businesses, particularly those specializing in food services. The property features updated bathrooms and flooring, fresh paint, and a ready-to-use kitchen. Ample storage space is available in the basement, along with a dedicated office area. The expansive top floor provides a blank canvas for creative development, with possibilities ranging from apartments or studio living spaces to unique indoor entertainment venues. The property also includes an outdoor patio area, suitable for conversion into a garden or seating area. The asking price is $249,900, and the seller is highly motivated. This is a rare chance to acquire a piece of Ironwood's history and transform it into a thriving enterprise. Don't miss this chance to capitalize on the unique potential of this versatile property.

    Property Features for 112 Lowell St

    General Information

    Property type
    Industrial properties
    Square Feet
    7,740 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.1701
    Latitude
    46.4543

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    FAQs

    What type of property is this?
    Industrial property - Historic building, huge potential, prime location.
    Where is this industrial property located?
    The property is located at 112 Lowell St Ironwood, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    (906) 667-6366
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    112 Lowell St Ironwood, MI 49938
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    Ironwood, MI 49938
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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
    112 Lowell St Ironwood, MI 49938
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