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    Ironwood, MI
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    Ironwood, MI Office Units for Sale

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    Hurley, WI Bessemer, MI Gile, WI Wakefield, MI Mercer, WI Winchester, WI Mellen, WI Marenisco, MI
    Historic Mixed-Use Office Building
    Updated: Jun 3
    Historic Mixed-Use Office Building

    216 E Aurora Street, Ironwood, MI 49938

    $549,900
    7,093 sqft 0.13 AC lot
    Main level offers over 4,200 sq ft of functional space with multiple office areas available to rent or lease.
    Interior has been comprehensively renovated, including electric and lighting upgrades, plus a complete remodel of the 2nd‑level loft area.
    2nd level features a separate entrance with access to a fully renovated loft plus a 2BD, 1BA apartment with a long‑term renter.
    Loft includes 3 bedrooms, 1.5 bathrooms, laundry room, spacious living area, and a newly designed kitchen with newer appliances and island.
    Loft offers abundant natural light from skylights, red oak flooring, dining area, and a hot tub room with access to a patio and green area.
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    This listing looks promising.

    Here's a quick look at some key insights for

    216 E Aurora Street, Ironwood, MI 49938

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    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $28K
      Annual

    • Mortgage

      $130K
      Aug 2009

    • Last Sold

      Feb 2022
      $165K

    • Property Type

      Office Building
      Built 1900
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    Historic Office and Loft Building
    Updated: Jun 3
    Historic Office and Loft Building

    216 AURORA ST E, Ironwood, MI 49938

    $549,900
    0.13 AC lot
    Historic mixed‑use building (built 1900) with renovated interior, including electric and lighting updates and a remodeled 2nd‑level loft.
    Main level offers 4,200+ sq ft of office space, plus terrazzo flooring under carpet, with multiple spaces available for rent or lease.
    Shared hall provides business access; 2nd level has a separate entrance leading to a fully renovated loft and a 2BD/1BA apartment with a long‑term renter.
    Loft features 3 bedrooms, 1.5 baths, laundry room, skylights for natural light, and a newly designed kitchen with newer appliances and an island with butcher block countertop.
    Loft includes dining area and a hot tub room with access to a patio and green area.
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Turn-Key Class A Office Space
    Turn-Key Class A Office Space

    118 3rd St E, Ashland, WI 54806

    $899,000
    6,000 sqft 1.40 AC lot

    Class A office space in Ashland, WI near Lake Superior.

    View details
    Main Street Mixed-Use Opportunity
    Main Street Mixed-Use Opportunity

    220 Main St E, Ashland, WI 54806

    $142,900
    1,408 sqft

    Unique mixed-use building in Ashland, close to Lake Superior.

    View details
    Renovated Building on High-Exposure Lot
    Renovated Building on High-Exposure Lot

    7601 US-51, Minocqua, WI 54548

    $350,000
    1,525 sqft 0.75 AC lot

    Charming, renovated commercial building with US Hwy 51 frontage.

    View details
    Retail-Showroom Building with Frontage
    Retail-Showroom Building with Frontage

    8621 HWY 51, Minocqua, WI 54548

    $299,900
    0.27 AC lot

    Nearly 3,000 sq ft building offers highway frontage, back parking, and a showroom addition with office and reception space.

    View details

    Ironwood, MI Office Units Market Trends and Statistics

    Explore 2 office units for sale in Ironwood, MI on our real estate platform. These investment opportunities span a total of 7,093 square feet of properties for sale, with an estimated market value of $549,900.

    Sale prices for office units in Ironwood, MI start at $549,900, averaging $549,900, and reaching up to $549,900 — 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

    Office Units 2
    Medical Office Space 1
    Office buildings 1

    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 $330.7K

    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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