1301 Cloverland Dr Ironwood, MI 49938-1605
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Ironwood, MIIronwood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.