Financial
Distress signals
Property profile

216 E Aurora St Ironwood, MI 49938

FOR SALE
Office buildings
Property ID
US43-3407501
8,160 SF 0.13 ac lot Built 1900
Last sale Feb 2022 · $165,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Constructed in 1900, the property is a multi-level building configured for mixed-use, combining renovated commercial office space with distinct residential and lodging components. The main level offers over 4,200 sq ft with multiple office areas accessed via shared halls, terrazzo flooring beneath carpet, and electrical and lighting improvements; the space is adaptable to different business configurations. Parking and storage are provided through a drive-in garage and basement access from two…

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?
$7k
Tax billed · 2023
Assessed value$92k
Assessed land$5k
Assessed improvement$87k
Effective rate7.40%

Value estimate

· Sep 2026
$170k
$153k – $187k
AI approach$240k
NOI build-up
Gross scheduled income$106k
Vacancy & credit loss−$27k
Operating expenses−$42k
NOI · 7.43% cap applied$38k

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?
7.43%
$38k 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 agency16.2
Dental Office15.7
Law Firm12.0

Location

216 E Aurora St Ironwood, MI 49938
County assessor Recorded deeds · 3 transfers 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
460 Cloverland, Ironwood, MI 49938-1008 $168,000 Jan 2026 1,800 SF
532 Cloverland, Ironwood, MI 49938-1402 $64,900 Aug 2023 652 SF
301 Aurora, Ironwood, MI 49938-2507 $76,000 Oct 2021 1,270 SF
315 Aurora, Ironwood, MI 49938-2113 $60,000 Sep 2021 No data
222 Ayer, Ironwood, MI 49938-2040 $89,900 Jul 2021 960 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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