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932 Cloverland Dr Ironwood, MI 49938

Sponsored
For Sale
$595,000

Established Movie Theatre, 8,640 sq ft, 2.54 acres

Property size:
8,640 SF

Description

Added:
Feb 3, 2025
Days on Market:
341
This exceptional business opportunity presents a well-established family entertainment center in Ironwood, MI. The property encompasses a four-screen movie theatre situated on a generous 2.54-acre lot, offering ample space and potential for expansion. The 8,640 square foot building, originally constructed in 1970 as a two-screen cinema, underwent a significant remodel in 1998, expanding to its current four-screen configuration and updated lobby. The theatre boasts four auditoriums of varying sizes: a Southwest theatre (40x40) seating 179, a Southeast theatre (30x40) seating 92, a Northwest theatre (30x40) seating 100, and a Northeast theatre (30x30) seating 80. All theatres feature fleck flooring and ample wheelchair-accessible seating. The property also includes a two-register concession stand, a vestibule ticket sales area, restrooms, and first-floor office space, along with upstairs storage. Significant upgrades have been made, including an 11-year-old Duralast roof, 10-inch fiberglass ceiling insulation, and four natural gas furnaces with 2-ton HVAC systems (approximately 13 years old). All necessary fixtures are included in the sale, encompassing projectors, a popcorn machine, ice machine, cotton candy machine, popcorn warmer, nacho cheese warmer, seating, seat replacement parts, and office supplies. The building and land are sold together, presenting a turnkey opportunity for a new owner to step into a thriving business. The property is located at 932 E Cloverland, Ironwood, MI, and is priced at $595,000.

Property Features for 932 Cloverland Dr

General Information

Property type
Investment properties
Square Feet
8,640 SF
Lot Size
110,642 SF

Building Details

Year Built
1970

Property Profile Location Intelligence

Current Use by Public Records

Investment properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Ironwood
County
Gogebic
State
Michigan
Longitude
-90.15219
Latitude
46.46369

FAQs

What type of property is this?
Investment property - Established Movie Theatre, 8,640 sq ft, 2.54 acres
Where is this investment property located?
The property is located at 932 Cloverland Dr Ironwood, MI.
What is the asking price?
The asking price for this property is $595,000.
More about this property
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