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Ironwood, MI

Multifamily

Ironwood, MI Multifamily Properties for Sale

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Hurley, WI Bessemer, MI Gile, WI

9 properties

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Downtown Mixed-Use Apartment & Retail

Updated: May 31

Downtown Mixed-Use Apartment & Retail

101 N Lowell Street, Ironwood, MI 49938

$599,000

13,062 sqft · 1.44 AC lot

15‑apartment, 3‑story brick building (year built 1920) with unit mix of 10 studio, 1 1‑bedroom, two 2‑bedroom, and one 3‑bedroom
Adjacent mixed‑use building (#107) with 1,200 SF commercial space plus upper‑level 2‑bedroom, 1‑bath apartment
2‑year‑old central hot water boiler system, separate electrical meters, and new 800 amp service
Full basement includes laundry room with 2 newer washers and 2 newer dryers, plus additional storage and potential‑use rooms
Property includes an onsite office and additional storage rooms, plus off‑street parking in a gravel parking lot and parking lot

This listing looks promising.

Here's a quick look at some key insights for

101 N Lowell Street, Ironwood, MI 49938

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$46K
Annual
Price @ 7% Cap

$664K
Above asking
Property Type

Apartments (Generic)
Built 1922

View Property Analytics

Historic Office Building with Loft Apartment

Updated: Jun 3

Historic Office Building with Loft Apartment

216 E Aurora Street, Ironwood, MI 49938

$549,900

7,093 sqft · 0.13 AC lot

Over 4,200 SF of main‑level workspace with multiple office spaces for rent or lease, with reconfigurable layouts
Second level features a fully renovated loft with 3 bedrooms, 1.5 bathrooms, laundry room, and a separate entrance
Loft includes a newly designed kitchen with newer appliances, lighting, and an island with butcher block countertop
Loft has skylights and natural light plus red oak flooring and terrazzo flooring (under carpet)
2BD, 1 BA apartment on the second level with a long‑term renter, accessible via the restored staircase

Historic Short-Term Rental Property

Historic Short-Term Rental Property

400 Silver Street, Ironwood, MI 49938

$199,000

2,862 sqft · 0.15 AC lot

Updated historic home configured for short-term hosting, with multiple kitchens and living spaces plus an enclosed outdoor area.

Up-Down Duplex with Separate Units

Up-Down Duplex with Separate Units

10342 N Lake Road, Ironwood, MI 49938

$210,000

2,040 sqft · 0.99 AC lot

Two separate living units each with its own kitchen, bedrooms, and bath, supported by recent exterior updates.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Duplex with Separate Entrances

Duplex with Separate Entrances

919 Nightingale Street, Ironwood, MI 49938

$159,900

2,008 sqft · 0.24 AC lot

Two units each with 2 bedrooms, 1 bath, full basements, and garage options on a 0.24-acre lot.

Updated Duplex Investment Property

Updated Duplex Investment Property

208 Greenbush Street, Ironwood, MI 49938

$103,500

1,434 sqft · 0.14 AC lot

Two-unit duplex with one rented side and a renovated vacant unit, providing flexible occupancy options.

Historic Office and Loft Building

Historic Office and Loft Building

216 AURORA ST E, Ironwood, MI 49938

$549,900

0.13 AC lot

Renovated multi-use office space with a second-level loft apartment and separate entry, plus drive-in garage and basement access.

Updated Duplex with Garage Space

Updated Duplex with Garage Space

919 Nightingale St, Ironwood, MI 49938

$159,900

1,004 sqft · 0.24 AC lot

Well-maintained duplex in Ironwood with updated interiors and garages.

Mixed-Use Property in Downtown Ironwood

Mixed-Use Property in Downtown Ironwood

122 W Aurora Street, Ironwood, MI 49938

$97,900

2,100 sqft · 0.08 AC lot

Versatile commercial property with storefront and apartments in revitalized district.

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 9 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Mixed-Use Apartment Building

Mixed-Use Apartment Building

210 Main St W, Ashland, WI 54806

$2,775,000

35,078 sqft · 0.48 AC lot

37-unit mixed-use building with street-level storefronts and apartments above, plus coin-operated laundry on each floor.

Retail Building with Apartments

Retail Building with Apartments

115-117 E Bennett Avenue, Mellen, WI 54546

$250,000

3,744 sqft · 0.05 AC lot

Downtown Mellen building combines a thrift store with two apartments for flexible mixed-use occupancy.

Mixed-Use Post Office Building

Mixed-Use Post Office Building

119-121 E Bennett Avenue, Mellen, WI 54546

$275,000

3,588 sqft · 0.05 AC lot

Post office with two apartments upstairs, offering mixed-use income potential in Mellen, Wisconsin.

Mixed-Use Apartment and Retail Building

Mixed-Use Apartment and Retail Building

210 MAIN ST W, Ashland, WI 54806

$2,775,000

35,078 sqft

37-unit building with five main-level storefronts and coin laundry on every floor.

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.

Development Land Off Freeway

Development Land Off Freeway

101 Morris Avenue, Hinckley, MN 55037

$799,000

9.20 AC lot

Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

Buildable Residential Lot with Pines

Buildable Residential Lot with Pines

Bollig Court lot: 2, Nekoosa, WI 54457

$35,000

2.45 AC lot

A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

Menominee City Building Lot

Menominee City Building Lot

605 46th Avenue, Menominee, MI 49858

Contact for pricing

0.21 AC lot

Building lot near Henes Park, ready for construction.

Aitkin Lots & Land

Aitkin Lots & Land

L 3&4 B3 London Town, Aitkin, MN 56431

Contact for pricing

0.14 AC lot

Double lot in Sherwood Forest with shared amenities.

Ironwood, MI Multifamily Properties Market Trends and Statistics

Explore 9 multifamily properties for sale in Ironwood, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 31,603 square feet of properties for sale, with an estimated market value of $2,079,100.

Sale prices for multifamily properties in Ironwood, MI start at $97,900, averaging $259,887, and reaching up to $599,000 — 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

Demographics Overview

Population 7,424

Population Growth (5Y) -1.2%

Median Household Income $44,379

College Educated 32.5%

High-Yield Neighborhoods for Investment

Identify Ironwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49938	$292.1K

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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