424 Cloverland DrIronwood, MI 49938

Property Details for 424 Cloverland Dr

Lot size

0.54 AC

Zone code

C-3

Property type

Land

Property subtype

Commercial land

APN

52-16-482-030

APU

5216482030

Description

This exceptional 5,576 square foot industrial property, situated on a desirable 0.54-acre lot in Ironwood, MI, presents a unique investment opportunity. Located directly on US Highway 2, this property boasts high visibility and convenient access. The main structure is a former hotel featuring twelve sizable rooms, several of which are exceptionally large and could easily be converted into suites or apartments for long-term rentals. An attached office building offers additional space and includes attached living quarters. Significant renovations have already been completed, including extensive electrical rewiring in both the hotel and the brick home. The office/living quarters features a brand-new roof and a substantial supply of new windows ready for installation. A convenient laundry/workshop area is located just off the office. The living quarters boast a spacious kitchen, an open-concept living/dining area, and a main floor bathroom. There are two main floor bedrooms and one upstairs. The foundation of both buildings is reported to be in excellent condition. Ample parking is available on the half-acre lot. This property is a prime candidate for redevelopment, offering significant potential for various commercial uses. The seller is offering short-term owner financing, making this an even more attractive proposition. This is a project that is well underway, offering a significant head start for the next owner.

• Alternative Use

  Use

  Valuation

  Residential

  $4,950,051

  Hospitality

  $4,534,220

  Educational

  $3,772,418

  Medical

  $3,902,157

  Retail

  $5,868,206

Location Insight

City

Ironwood

County

Gogebic

State

Michigan

Latitude

46.4636

Longitude

-90.1791

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.