Technical
Financial
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Property profile

405 Suffolk St Ironwood, MI 49938

OFF-MARKET
Warehouses
Property ID
US43-4052360
3,059 SF
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Property summary

AI-generated overview

This stunning, fully furnished former church in Ironwood, MI (49938), offers a unique blend of historic charm and modern amenities. The 3,059 square foot building boasts 25-foot ceilings on the main level, featuring over 1700 finished square feet of open space with newer large windows. A raised kitchen area overlooks the nave, and a unique focal point sits beneath the open loft, currently used as a primary bedroom. Two full bathrooms are located on the main level. The lower level adds another 1269 finished square feet, including a great room, kitchen/dining area, two bedrooms with closets, a full bath, and a laundry room. Significant updates include a new boiler with a tankless water heater, updated electrical wiring, and a new membrane roof over the entrance. A separate exterior entrance leads to the lower level. A new garage/shed and gravel driveway are located at the rear of the building. The property sits on a corner lot with city/county roads, public water and sewer, and is connected to natural gas, electricity, phone, and cable. The building features a brick exterior, basement foundation, flat metal and rubber roofing, and wall/window air conditioning. The sale includes living quarters and real estate only. The property is zoned commercial and is being sold completely furnished. A virtual tour is available. Financing options include cash and conventional loans. Assessor's data indicates the square footage.

Property profile

Verified
Property type Warehouses
Total area 3,059 SF
UPID US43-4052360

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

405 Suffolk St Ironwood, MI 49938
Ironwood metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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