105 Cloverland Dr Ironwood, MI 49938-1131
Property profile & analytics
105 Cloverland Dr Ironwood, MI 49938-1131
- Commercial land
- 0.25 lot acres
Property ID
US43-3395511
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Love Hotels Timberline at Lake Superior MI / Hotel & Motel
Property Details for 105 Cloverland Dr
- Lot size
- 0.25 lot acres
- Zone code
- C-3
- Property type
- Commercial land
- APN
- 52-22-103-110
- APU
- 5222103110
Description
This 18-room motel in Ironwood, Michigan, presents a compelling investment opportunity. Built in 1988 and renovated in 2019, the 7,272 square foot, two-story building sits on a 21,780 square foot lot. The property includes an office and manager's quarters, enhancing operational efficiency. With 18 keys and a proven track record of consistent income over the past three years, this established business offers a strong return on investment. Located at 105 W Cloverland Dr, Ironwood, MI 49938, this motel is priced at $495,000. Seller financing is available with favorable rates, making this an even more attractive proposition. The property boasts a spacious layout and well-maintained exterior, promising continued success in the hospitality sector. This turnkey operation is ready for a new owner to continue its legacy of profitability. The asking price per room is $27,500, and the price per square foot is $68.07. This is a rare opportunity to acquire a well-established and profitable motel in a desirable location. Don't miss out on this chance to own a piece of the thriving hospitality industry in Michigan.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Ironwood
- County
- Gogebic
- State
- Michigan
- Longitude
- -90.1743
- Latitude
- 46.4631
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$208
$8,554
$0.00
$8,554
-
$17,108
$0.00
$17,108
