Multifamily Investment Portfolio with Garages

246 Ashland Court Ironwood, MI 49938

Claim this Listing
For Sale
$1,285,000

COMMERCIAL - Ironwood, MI

Lot size:
1.73 Acres
Added:
Jun 2, 2026
Days on Market:
41
Last Refresh:
Jul 12 at 3:06 am

Property Features for 246 Ashland Court

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Off Street
Patio and Porch features
Patio
Exterior features
Deck/Patio, Garden Area
Standard status
Active
Lot size
1.73 Acres

Utilities

Heating system
Baseboard, Oil, Other (Heating), Hot Water(Heating), Electric (Heating)
Cooling system
Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public

Building Details

Year built
1975
Roof type
Asphalt

Listing agent ELLEN WYSSLING

Listing office THE REAL ESTATE STORE 527 Lake St, Ironwood, MI

Listing date Jun 2, 2026

MLS# 50210046

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 multifamily investment portfolio includes 21 rental units and 24 garages. The core asset is a 15-unit brick apartment building with three secure entrances serving both upper and lower levels. Units 1–12 are 2-bedroom, 1-bath floor plans, and the lower level also includes three 1-bedroom, 1-bath apartments. On-site amenities include coin-operated laundry facilities, storage units, and a common bathroom, and many units feature private balconies.

The portfolio is rounded out by three duplexes, including a side-by-side duplex with private back decks and dedicated garage spaces, plus two upper/lower duplexes. One standout duplex is identified as 302/304 Ashland Court, with two bedrooms and two bathrooms in the lower unit and two bedrooms with abundant natural light in the upper unit.

While some work is needed to refresh the property, ownership currently covers water, sewer, garbage service, natural gas, snow removal, and lawn care, while tenants pay their own electricity. The units are located in Ironwood, with convenient access to downtown amenities described as only minutes away.

Key Highlights

  • Portfolio includes 21 rental units and 24 garages along one street for streamlined management
  • Includes a 15‑unit brick apartment building with three secure entrances serving upper and lower levels
  • Apartment mix: units 1‑12 are 2 bed/1 bath; three additional 1 bed/1 bath apartments on the lower level

Property Analytics

Location Intelligence

Current Use by Public Records

Ahonen Apartments Apartment Building

Suggested Use

Real Estate Agency Dental Office Skin Care Clinic HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Storage Facility

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

FAQs

What type of property is this?
Apartment building - Portfolio includes 21 rental units and 24 garages, anchored by a 15-unit brick apartment building plus three duplexes.
Where is this apartment building located?
The property is located at 246 Ashland Court Ironwood, MI.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Portfolio includes 21 rental units and 24 garages along one street for streamlined management; Includes a 15‑unit brick apartment building with three secure entrances serving upper and lower levels; Apartment mix: units 1‑12 are 2 bed/1 bath; three additional 1 bed/1 bath apartments on the lower level
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