101 E Aurora St Ironwood, MI 49938
For Sale
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This exceptional 10,800 square foot industrial property boasts a prime downtown Ironwood location at 101 E Aurora, situated on a 0.08-acre lot. Its unique corner position on Business US-2, directly across from the newly developed City Square and adjacent to the Historic Ironwood Theater, ensures high visibility and foot traffic. The building offers three finished floors, each providing ample open-concept space ideal for a variety of uses. Imagine the possibilities – a single large operation or multiple subdivided spaces to lease. The building features two walls of expansive thermal windows, maximizing natural light and showcasing the interior to passersby. Interior highlights include carpeted floors, abundant natural daylight, suspended directional spot lighting, and fluorescent lighting. Access is provided via north and west entrances, each featuring double-doored, heated vestibules. The property is equipped with three natural gas furnaces and rooftop central air units for year-round climate control. Recently updated bathroom fixtures add a modern touch. This versatile space presents a rare opportunity to establish a thriving business in a vibrant downtown setting. The asking price is $425,000.
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BBZ & Insurance Agency Insurance Agency
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Constantini's Home Decor Store Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Ironwood, MIIronwood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
