Financial
Distress signals
Property profile

122 W Aurora St Ironwood, MI 49938

FOR SALE
Retail space
Property ID
US43-3985426
882 SF 0.08 ac lot Built 1900
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This mixed-use building includes a main-level commercial storefront and two upper-level apartment units. The commercial portion has historically been used as a pawn shop, while the residential units provide separate living spaces above. The property has frontage with both street and alley access, and includes a detached rear garage for additional storage, as well as two off-street parking spaces. It is located at 122 Aurora St W in downtown Ironwood, directly across from Downtown City Square,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$19k
Assessed land$3k
Assessed improvement$16k
Effective rate5.76%

Value estimate

· Sep 2026
$120k
$108k – $132k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$9k
Operating expenses−$6k
NOI · 6.56% cap applied$7k

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?
6.56%
$7k 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 agency13.6
Dental Office13.1
Skin Care Clinic9.5

Location

122 W Aurora St Ironwood, MI 49938
County assessor Recorded deeds · not on file 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
405 Lk, Ironwood, MI 49938-1509 $60,000 Mar 2025 888 SF
127 Luxmore, Ironwood, MI 49938-1701 $20,000 Dec 2023 616 SF
126 Aurora, Ironwood, MI 49938-2110 $171,000 Oct 2023 1,273 SF
103 Suffolk, Ironwood, MI 49938-2045 $16,000 Jul 2023 1,640 SF
824 Cloverland, Ironwood, MI 49938-1502 $385,000 Sep 2021 1,288 SF
655 Cloverland, Ironwood, MI 49938-1403 $89,900 Sep 2021 1,482 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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