424 Cloverland Dr Ironwood, MI 49938

Property Details for 424 Cloverland Dr

Lot size

0.54 lot acres

Zone code

C-3

Property type

Commercial land

APN

52-16-482-030

APU

5216482030

Description

This exceptional 5,576 square foot industrial property, situated on a desirable 0.54-acre lot in Ironwood, MI, presents a unique investment opportunity. Located directly on US Highway 2, this property boasts high visibility and convenient access. The main structure is a former hotel featuring twelve sizable rooms, several of which are exceptionally large and could easily be converted into suites or apartments for long-term rentals. An attached office building offers additional space and includes attached living quarters. Significant renovations have already been completed, including extensive electrical rewiring in both the hotel and the brick home. The office/living quarters features a brand-new roof and a substantial supply of new windows ready for installation. A convenient laundry/workshop area is located just off the office. The living quarters boast a spacious kitchen, an open-concept living/dining area, and a main floor bathroom. There are two main floor bedrooms and one upstairs. The foundation of both buildings is reported to be in excellent condition. Ample parking is available on the half-acre lot. This property is a prime candidate for redevelopment, offering significant potential for various commercial uses. The seller is offering short-term owner financing, making this an even more attractive proposition. This is a project that is well underway, offering a significant head start for the next owner.