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    Property profile & analytics

    461 Gibbs City Rd Iron River, MI 49935-9614

    • Bars
    • 720 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3683889
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wooden Nickel Pub & Grill / Bar

    Property Details for 461 Gibbs City Rd

    Lot size
    4.00 lot acres
    Property size
    720 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    004-017-003-00
    APU
    401700300

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.7045
    Latitude
    46.1278

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $6,000
    $18,100
    $24,100
    -
    $12,000
    $36,200
    $48,200

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      207 Genesee St

      BAR, TAVERN • 2,250 SF
      207 Genesee St, Iron River, MI 49935-1438
      View Details
    • Value Estimation by Request
      3,000 SF

      130 Washington Ave

      BAR, TAVERN • 3,000 SF
      130 Washington Ave, Iron River, MI 49935-2222
      View Details
    • Value Estimation by Request
      3,900 SF

      675 Baumgartner Rd

      BAR, TAVERN • 3,900 SF
      675 Baumgartner Rd, Iron River, MI 49935-9325
      View Details
    • Value Estimation by Request
      3,447 SF

      510 Washington Ave

      BAR, TAVERN • 3,447 SF
      510 Washington Ave, Iron River, MI 49935-2101
      View Details
    • Value Estimation by Request
      2,059 SF

      321 Adams St

      RESTAURANT • 2,059 SF
      321 Adams St, Iron River, MI 49935-1349
      View Details
    • Value Estimation by Request
      5,130 SF

      402 Adams St

      RESTAURANT • 5,130 SF
      402 Adams St, Iron River, MI 49935-1352
      View Details

    Similar Nearby for Sale

    • $295,000
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      Established Restaurant on Main Street

      Turnkey restaurant with high visibility and loyal customer base.
      321 W Genesee St, Iron River, MI 49935
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    • $139,500
      8,084 SF

      Historic Commercial Building, Iron River

      Historic building suitable for restaurant, office, retail, or nightclub.
      208 Cherry St, Iron River, MI 49935
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    • $2,699,500
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      Turnkey Retail Property For Sale

      Modern retail property with long-term lease and annual rent escalations.
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    • $449,900
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      Iron River Commercial Property For Sale

      High-visibility commercial property with showroom, office, and storage space.
      32 N 4Th St, Iron River, MI 49935
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    • $130,000
      1,900 SF

      Versatile Commercial Property on Class A Road

      Commercial property with 1900+ sqft building and additional storage spaces.
      2.12 Ac. Forbes, Iron River, MI 49935
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    • $349,500
      2,300 SF

      Prime Iron River Retail Space

      Established Restaurant, High Visibility
      321 Genesee St, Iron River, MI 49935
      View Details
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    461 Gibbs City Rd
    Iron River, MI 49935-9614
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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