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Property profile

230 E Aurora St Ironwood, MI 49938

FOR SALE
Retail space
Property ID
US43-3159400
1,600 SF 0.13 ac lot Built 1953
Last sale May 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 1953 brick commercial kitchen property is configured for a combined production and retail use, featuring an operating bakery setup alongside customer-facing space with large front windows that provide visibility into the production area. The included improvements and built-in features include two prep stations, an 8-by-10-foot walk-in cooler, central air conditioning, a three-compartment sink, additional hand sinks, and bistro-style seating; the interior also includes a basement with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$33k
Assessed land$5k
Assessed improvement$28k
Effective rate6.05%

Value estimate

· Oct 2026
$275k
$248k – $303k
AI approach$275k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 8.79% cap applied$17k

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?
8.79%
$17k 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

230 E Aurora St Ironwood, MI 49938
County assessor Recorded deeds · 2 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

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
126 Aurora, Ironwood, MI 49938-2110 $171,000 Oct 2023 1,273 SF
151 Cloverland, Ironwood, MI 49938-1227 $135,000 Sep 2023 2,100 SF
103 Suffolk, Ironwood, MI 49938-2045 $16,000 Jul 2023 1,640 SF
600 Cloverland, Ironwood, MI 49938-1405 $150,000 Oct 2022 1,760 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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