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    Property profile & analytics

    116 Aurora St, Unit 16 Ironwood, MI 49938-2532

    • Turn key restaurants
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3688687
    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.

    Current Use by Public Records

    • Joe's Pasty Shop To-Go LLC / Takeout Restaurant

    Property Details for 116 Aurora St

    Year built
    1900
    Lot size
    0.10 lot acres
    Zone code
    C-2
    Property type
    Turn key restaurants
    APN
    52-22-331-080
    APU
    5222331080

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.1706
    Latitude
    46.4536

    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
    $1,229
    $3,750
    $16,118
    $19,868
    -
    $7,500
    $32,236
    $39,736

    Comparable in this City

    • Value Estimation
      $115,000
      4,124 SF

      316 Houk St

      RESTAURANT • 4,124 SF
      316 Houk St, Ironwood, MI 49938-2855
      View Details
    • Value Estimation
      $220,000
      2,836 SF

      518 Mcleod Ave

      RESTAURANT • 2,836 SF
      518 Mcleod Ave, Ironwood, MI 49938-2240
      View Details
    • Value Estimation
      $80,000
      2,862 SF

      400 Silver St

      RESTAURANT • 2,862 SF
      400 Silver St, Ironwood, MI 49938-2546
      View Details
    • Value Estimation by Request
      1,440 SF

      112 Aurora St, Unit 18

      RESTAURANT • 1,440 SF
      112 Aurora St, Ironwood, MI 49938-2532
      View Details
    • Value Estimation by Request
      0.09 Acres

      110 Suffolk St

      RESTAURANT • 0.09 Acres
      110 Suffolk St, Ironwood, MI 49938-2046
      View Details
    • Value Estimation by Request
      1,728 SF

      11394 Lk Rd

      RESTAURANT • 1,728 SF
      11394 Lk Rd, Ironwood, MI 49938
      View Details

    Similar Nearby for Sale

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      Turn-Key Restaurant Opportunity in Ironwood

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    • $199,000
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      Established Bakery in Downtown Ironwood

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    116 Aurora St, Unit 16
    Ironwood, MI 49938-2532
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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