Five-Unit Retail
For Sale
$410,000
216 Roosevelt Street, Ironwood, MI 49938
Five-unit retail complex with four leased spaces and one unit scheduled to open for occupancy at year-end 2025.
Property Size6,720 SF
Lot Size1.29 Acres
Price / SF$61.01
Days on Market267
Property Features for 216 Roosevelt Street
General Information
Standard status
Active
Size
6,720 SF
Lot size
1.29 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
THE REAL ESTATE STORE
Listed By:
JANICE WYSSLING
(906) 285-0191
Source:
Exprealty
Added: Dec 15, 2025
Changed: Aug 24
Last Checked: Sep 7 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of THE REAL ESTATE STORE
Investment Insights
Based on property information with market context.
This five-unit commercial retail complex includes four established businesses currently under lease. One additional unit is scheduled to become available at the end of 2025, allowing an owner-occupant to relocate into the vacant space while maintaining rental income from the remaining tenants.
The property is situated on a prominent corner lot just off US-2, with multiple curb cuts and private parking available both in front and rear. The building totals 6,720 square feet and sits on a 140 x 400-foot lot, supporting convenient customer access, deliveries, and on-site operations.
The property is situated on a prominent corner lot just off US-2, with multiple curb cuts and private parking available both in front and rear. The building totals 6,720 square feet and sits on a 140 x 400-foot lot, supporting convenient customer access, deliveries, and on-site operations.
Key Highlights
- Five‑unit retail/commercial complex with four businesses currently under lease
- One unit becoming available at the end of 2025, offering options for owner‑occupancy or continued rental income
- 6,720 SF building on a 140 x 400 ft lot
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
64k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Groceries 25%
Dining 16%
Home Improvements & Furnishings 12%
Super One Foods
Groceries
15,846 visits/mo
0.1 miles
Marshalls
Apparel
13,225 visits/mo
0.1 miles
Dunham's Sports
Apparel
8,848 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
7,520 visits/mo
0.2 miles
Burger King
Dining
6,650 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Five-unit retail complex with four leased spaces and one unit scheduled to open for occupancy at year-end 2025.
Where is this storefront property located?
The property is located at 216 Roosevelt Street Ironwood, MI.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Five‑unit retail/commercial complex with four businesses currently under lease; One unit becoming available at the end of 2025, offering options for owner‑occupancy or continued rental income; 6,720 SF building on a 140 x 400 ft lot
