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    OFF-MARKET
    Bars & Pubs

    112 Lowell St, Ironwood, MI 49938-2044

    5,160 SF 0.07 ac lot Built 1900
    Individually Owned Free & Clear
    Property ID
    US43-3225994
    Property summary
    AI-generated overview

    This exceptional 7,740 square foot industrial property, situated on a 0.07-acre lot at 112 S Lowell in Ironwood, MI, presents a remarkable investment opportunity. Originally constructed in 1900 as the Michigan Bell Company, this building boasts a rich history and prime downtown location, one of only two remaining bars in the area. Its adjacency to the Cold Iron establishment offers synergistic potential for complementary businesses, particularly those specializing in food services. The property features updated bathrooms and flooring, fresh paint, and a ready-to-use kitchen. Ample storage space is available in the basement, along with a dedicated office area. The expansive top floor provides a blank canvas for creative development, with possibilities ranging from apartments or studio living spaces to unique indoor entertainment venues. The property also includes an outdoor patio area, suitable for conversion into a garden or seating area. The asking price is $249,900, and the seller is highly motivated. This is a rare chance to acquire a piece of Ironwood's history and transform it into a thriving enterprise. Don't miss this chance to capitalize on the unique potential of this versatile property.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1900
    Total area 5,160 SF
    Lot 0.07 ac (3,049 SF)
    Zoning code C-2
    APN 52-22-330-020
    UPID US43-3225994
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Randall Boyle
    Randall Boyle
    since 2025
    5 recorded transactions
    2025
    $144,900
    2023
    2017
    2016
    2011
    Zoning & alternative use
    C-2 · Ironwood, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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