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Property profile & analytics
FOR SALE
Retail space
126 E Aurora St Ironwood, MI 49938
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-3694289
For Sale
1 / 48
$225,000
126 E Aurora St, Ironwood, MI 49938
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
1,273 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C-2
APN
52-22-330-110
UPID
US43-3694289
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
Current use
Occupant on record · Public records
-
New Beginnings Pregnancy Support Services Medical Clinic
-
The White Rabbit Wine Bar & Tasting Room Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$205k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$185k
Owner & transaction history
Jsek LLC · 2 yrs held
Jsek LLC
since 2023
Last sale
$171,000
7 recorded transactions
Zoning & alternative use
C-2 · Ironwood, MI
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ironwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ironwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$185,000
ML approach
$205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$185k
Range $167k – $204k · ±10% · vs last sale $171k (Oct 3 2023)
Last sale anchor
$171k
Oct 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,798
Tax year 2023
Assessed value
$25,029
Assessed 2023
Previous assessed
$23,134
+8.2% YoY
Effective rate
7.18%
On assessed value
Assessed land
$900
Assessed improvement
$24,129
Land market value
$1,800
Improvement market value
$48,258
Total market value
$50,058
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1920
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
1,273 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C-2
APN
52-22-330-110
UPID
US43-3694289
Jurisdiction
GOGEBIC
Zoning & alternative use
C-2 · Ironwood, MIZoning C-2 · permitted uses
C-2 · Ironwood, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Business – City of Ironwood
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jsek LLC
Entity
Mailing address
1003 E FLINT ST, LARAMIE, WY 82072-2747
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
$171,000
Jsek LLC
Alexander Alliance LLC
Warranty Deed
$136,800 · Incrediblebank
Jul 6, 2023
—
Alexander Alliance LLC
—
Deed
related
$50,000 · Incrediblebank
May 26, 2023
—
Alexander Alliance LLC
—
Deed
related
$90,000 · Incrediblebank
Dec 2, 2021
$500
Alexander Alliance
Robert Alexander
Quitclaim Deed
related
—
Aug 12, 2021
$40,000
Robert Alexander
Phuoc Dinh Nguyen
Warranty Deed
—
Apr 5, 2019
$10,000
Phuoc Dinh Nguyen
Dario Dominguez
Quit Claim Deed
related
—
Sep 24, 2018
$13,000
Dario Antonio Dominguez
Gogebic County Treasurer
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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