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Property profile & analytics
OFF-MARKET
Bars & Pubs

112 Lowell St Ironwood, MI 49938-2044

5,160 SF 0.07 ac lot Built 1900
Individually Owned Free & Clear
Property ID
US43-3225994
Property summary
AI-generated overview

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 profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1900
Total area 5,160 SF
Lot 0.07 ac (3,049 SF)
Zoning code C-2
APN 52-22-330-020
UPID US43-3225994
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Randall Boyle
Randall Boyle
since 2025
5 recorded transactions
2025
$144,900
2023
Price N/A
2017
Price N/A
2016
Price N/A
2011
Price N/A
Zoning & alternative use
C-2 · Ironwood, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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