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Property profile & analytics
OFF-MARKET
Auto shops

1301 Cloverland Dr Ironwood, MI 49938-1605

3,708 SF 0.96 ac lot Built 1961
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US43-3822707
Property summary
AI-generated overview

This exceptional 3,784 square foot industrial building presents a unique investment opportunity in Ironwood, MI. Boasting a prime commercial location with 200 feet of frontage on US Highway 2, plus additional frontage on the ORV trail and walking trail, this property offers unparalleled visibility and accessibility. The building, constructed of concrete block, has served successfully as an auto repair shop, gas station, and convenience store for 25 years. The current owners are retiring, creating a rare chance to acquire an established business location or launch a new venture. The versatile layout includes a 900 square foot retail area, complete with a 140 square foot walk-in cooler, refrigerated display cases, and a dedicated coffee/food preparation area. A 300 square foot counter/work area is equipped with a cash register and safe. The automotive repair section comprises three bays: a double 12-foot bay with two hoists, a 17-foot bay for larger vehicles with a hoist, and a bay with a 20-foot door. Two restrooms and an office with a workstation are also included. The property sits on a 0.96-acre lot, providing ample space for expansion or outdoor operations. This turnkey operation is priced at $199,900 and represents an exceptional value in a high-demand location. Don't miss this chance to own a piece of Ironwood's thriving commercial landscape.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1961
Total area 3,708 SF
Lot 0.96 ac (41,818 SF)
Zoning code C-3
APN 52-23-127-010
UPID US43-3822707
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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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Circle D Properties LLC · 1 yrs held
Circle D Properties LLC
since 2025
1 recorded transaction
2025
$185,000
Zoning & alternative use
C-3 · Ironwood, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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