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    Ironwood, MI
    Motel

    Ironwood, MI Motels for Sale

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    Hurley, WI Bessemer, MI Gile, WI
    Vintage Motel with Income Potential
    Updated: Jul 9, 2024
    Vintage Motel with Income Potential

    663 E Cloverland Dr, Ironwood, MI 49938

    $519,000
    8,000 sqft
    Income‑generating property with immense growth possibilities.
    Large lot size: 34,848 sq. ft.
    Five buildings including three houses on the property.
    Motel with 8 rooms, office, and basement.
    Seller financing with favorable rates available.
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    This listing looks promising.

    Here's a quick look at some key insights for

    663 E Cloverland Dr, Ironwood, MI 49938

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $43K
      Annual

    • Price @ 7% Cap

      $611K
      Above asking
    View Property Analytics
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 1 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Bar & Grill with Two-Unit Motel
    Bar & Grill with Two-Unit Motel

    6542W HWY 70, Winter, WI 54896

    $450,000
    0.85 AC lot

    Turnkey bar and dining plus a two-unit motel, with outdoor pavilion and stage for events.

    View details
    Lakeside Resort and Motel
    Lakeside Resort and Motel

    27672 US 41 Highway, Michigamme, MI 49861

    $425,000
    4,658 sqft · 1.38 AC lot

    Hospitality destination with lake frontage in Michigan's Upper Peninsula.

    View details
    Lakeside Resort and Motel
    Lakeside Resort and Motel

    27672 US 41 Highway, Michigamme, MI 49861

    $425,000
    4,658 sqft · 1.38 AC lot

    Lakeside resort offering 10-bedroom, 10-bath lodging with lodge space, dock access, and supporting outbuildings.

    View details
    Bar and Two-Unit Motel
    Bar and Two-Unit Motel

    6542W State Road 70, Winter, WI 54896

    $450,000
    2,530 sqft

    A bar and grill with two motel units, complemented by indoor dining space and an outdoor pavilion for events.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Buildable Land
    Waterfront Buildable Land

    6785 Fouch Road, Traverse City, MI 49684

    $250,000
    2.69 AC lot

    Buildable waterfront lot with an existing pole building, paved drive, and utilities in place for a range of uses.

    View details
    Level Development Land
    Level Development Land

    20th Ave NE/Co 57, Benson, MN 56215

    $389,200
    26.12 AC lot

    Primarily level land zoned for urban development, fronting County Road 57 with planned west-side street extensions.

    View details
    High-Visibility Highway Commercial Land
    High-Visibility Highway Commercial Land

    Blue Star Highway lot: 2, Fennville, MI 49408

    $300,000
    2.75 AC lot

    Cleared highway exit land in a C-3 district for a range of commercial and service uses.

    View details
    Commercially Zoned Corner Land
    Commercially Zoned Corner Land

    7900,7990,7996 N Alger Road, Alma, MI 48801

    $2,100,000
    8.00 AC lot

    Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

    View details

    Off-Market Properties in Ironwood, MI

    Consider similar Off-Market properties in Ironwood, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    105 Cloverland Dr
    MOTEL

    105 Cloverland Dr, Ironwood, MI 49938-1131

    Value Estimation by Request
    4,715 sqft · 0.50 AC lot
    View details
    124 Cloverland Dr
    MOTEL

    124 Cloverland Dr, Ironwood, MI 49938-1132

    Value Estimation by Request
    0.24 AC lot
    View details
    260 Cloverland Dr
    MOTEL

    260 Cloverland Dr, Ironwood, MI 49938-1368

    Value Estimation by Request
    5,484 sqft · 2.03 AC lot
    View details
    715 Cloverland Dr
    MOTEL

    715 Cloverland Dr, Ironwood, MI 49938-1012

    Value Estimation by Request
    5,382 sqft · 4.61 AC lot
    View details
    112 Cloverland Dr
    MOTEL

    112 Cloverland Dr, Ironwood, MI 49938-1132

    Value Estimation by Request
    3,724 sqft · 0.38 AC lot
    View details
    663 Cloverland Dr
    Motels

    663 Cloverland Dr, Ironwood, MI 49938

    Value Estimation by Request
    8,000 sqft
    View details
    447 Cloverland Dr, Unit 9
    MOTEL

    447 Cloverland Dr, Ironwood, MI 49938-1007

    Unit 9
    Value Estimation by Request
    4,253 sqft · 0.71 AC lot
    View details
    1200 Cloverland Dr
    MOTEL

    1200 Cloverland Dr, Ironwood, MI 49938-1604

    $565,000
    Estimated value
    9,614 sqft · 0.63 AC lot
    View details

    Ironwood, MI Motels Market Trends and Statistics

    Explore 9 motels for sale in Ironwood, MI on our real estate platform. These investment opportunities span a total of 8,000 square feet of properties for sale, with an estimated market value of $519,000.

    Sale prices for motels in Ironwood, MI start at $519,000, averaging $519,000, and reaching up to $519,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Motels 1

    Demographics Overview

    Population 7,424
    Population Growth (5Y) -1.2%
    Median Household Income $44,379
    College Educated 32.5%

    Taxes & Financing

    Tax Rate (average for all types) 5.37%
    Property Tax per SF $85.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gogebic County

    New Delisted

    Total CRE Inventory on Market (SF)

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