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Mixed-Use Building with Storefronts
For Sale
Contact for pricing
Pending

221 S Suffolk St, Ironwood, MI 49938

Five apartments occupy the upper level, with shared laundry access and furnishings included.

Property SizeContact for details
Days on Market144

Property Features for 221 S Suffolk St

General Information

Standard status Pending
Property subtype Mixed Use, Multifamily, Retail, Business for Sale

Units

Unit Mix 4 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 5

Additional Details

Furnished Yes

Amenities

laundry facility

Building Details

Year Renovated 2003
Buildings 1
Listing Agency: First Weber Realtors
Listed By: Pete Seifert · License #WI
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 1:51AM

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 First Weber Realtors

Investment Insights

Based on property information with market context.

This mixed-use building at 221 S Suffolk St combines five upper-level apartments with three storefronts on the main floor. The residential layout includes four one-bedroom, one-bath units and one two-bedroom, one-bath unit. Apartments feature 12-foot ceilings and large rooms, while an upper-floor laundry facility serves all units. Most furnishings are included with the property.

A roof replacement completed in 2021 carries a transferable 18-year warranty. Building improvements made in 2003 included new windows throughout the upper apartments, along with electrical updates and new carpeting. The property is located in downtown Ironwood, Michigan.

Key Highlights

  • Five apartments: four one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit
  • Three storefronts occupy the main floor
  • 12‑foot ceilings and large rooms in the apartments

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Grocery & Convenience Store Storage Facility

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

403
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Five apartments occupy the upper level, with shared laundry access and furnishings included.
Where is this mixed-use property located?
The property is located at 221 S Suffolk St Ironwood, MI.
What are key features of this property?
This property features: Five apartments: four one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit; Three storefronts occupy the main floor; 12‑foot ceilings and large rooms in the apartments
More about this property
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