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Mixed-Use Building with Restaurant
For Sale
$254,900

204 W Aurora Street, Ironwood, MI 49938

COM/IND/BUS OPP, Ironwood, MI

Property Size2,304 SF
Lot Size0.09 Acres
Price / SF$110.63
Days on Market53

Property Features for 204 W Aurora Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Lot features Main Street, Downtown Dev Authority
Subdivision Ironwood (27006)
Standard status Active
Size 2,304 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 2309

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

stage

Building Details

Year built 1900
Roof type Asphalt
Listing Agency: NORTHERN TRAILS REALTY
Listed By: DEAN LANTTA · License #50339094
Added: Aug 19 Changed: Oct 8 Last Checked: Oct 10 at 12:06PM
MLS# 50219033

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.

Investment Insights

Based on property information with market context.

This 2,304-square-foot mixed-use building on a 0.09-acre parcel combines a restaurant and bar on the ground floor with a two-bedroom apartment above. The commercial space includes newer appliances and a stage designed for live music and events. The property is offered with the established restaurant and bar business, including its name, liquor license, appliances, and inventory.

Located at 204 W Aurora Street in downtown Ironwood, the property is zoned Commercial. It has forced-air heating, central air, and public water. The building dates to 1900.

Key Highlights

  • Restaurant and bar space with newer commercial appliances and a live‑music stage
  • Upper‑level two‑bedroom apartment
  • Sale includes the business name, liquor license, appliances, and inventory

Property Analytics

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Current Use

Midway Bar Bar & Pub

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby
5k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 65% Dining 35%
Ben Franklin Shops & Services
2,528 visits/mo 0.2 miles
Domino's Pizza Dining
1,602 visits/mo 0.2 miles
Carquest Auto Parts Shops & Services
450 visits/mo 0.1 miles

Demographics for 49938, MI

7,340
Population
4,728
Households
1.6
Avg Household Size
49
Median Age
23%
College-Educated
95%
High-School Grad
225.6 sq mi
ZIP Area
33
Density / Sq Mi
$44,379
Median Household Income
$34,553
Median Earnings
$590
Median Rent
$95,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A two-bedroom apartment is positioned above a restaurant and bar equipped for food service and live entertainment.
Where is this mixed-use property located?
The property is located at 204 W Aurora Street Ironwood, MI.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Restaurant and bar space with newer commercial appliances and a live‑music stage; Upper‑level two‑bedroom apartment; Sale includes the business name, liquor license, appliances, and inventory
More about this property
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