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Financial
Distress signals
Property profile

101 E Aurora St Ironwood, MI 49938

FOR SALE
Retail space
Property ID
US43-3176481
7,200 SF 0.08 ac lot Built 1940
Last sale Dec 2007
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a downtown corner commercial building in Ironwood that provides three finished floors totaling 10,800 square feet, attached to the Historic Ironwood Theater. It features open-concept interior areas that are carpeted and receive natural daylight, with lighting provided by suspended directional spotlighting and fluorescent fixtures. Two walls are composed of large thermal windows, supporting exposure toward downtown pedestrian and vehicle traffic. The building is situated on…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$102k
Assessed land$4k
Assessed improvement$98k
Effective rate5.86%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$167k
Vacancy & credit loss−$7k
Operating expenses−$48k
NOI · 26.13% cap applied$112k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
26.13%
$112k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionGOGEBIC

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.2
Dental Office15.7
Law Firm12.0

Location

101 E Aurora St Ironwood, MI 49938
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
155 Cloverland, Ironwood, MI 49938-1227 $1,377,919 Jan 2026 5,180 SF
201 Curry, Ironwood, MI 49938-2213 $129,900 Nov 2024 4,021 SF
235 Ayer, Ironwood, MI 49938-2039 $125,000 Sep 2024 8,680 SF
236 Mcleod, Ironwood, MI 49938-2143 $40,000 Jan 2024 6,400 SF
205 Aurora, Ironwood, MI 49938-2505 $170,000 Sep 2022 7,100 SF
130 Cloverland, Ironwood, MI 49938-1228 $580,000 Sep 2022 9,029 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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