Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    505 Mcleod Ave Ironwood, MI 49938-2239

    • Retail space
    • 4,332 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $205,000
    Location Intelligence
    Property ID
    US43-4034487
    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

    • Handsome Prints / Screen Printer

    Property Details for 505 Mcleod Ave

    Year built
    1920
    Lot size
    0.08 lot acres
    Property size
    4,332 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    52-22-405-410
    APU
    5222405410

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.163
    Latitude
    46.4552

    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
    2023
    $2,346
    $3,626
    $39,080
    $42,706
    -
    $7,252
    $78,160
    $85,412

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      313 Lk St, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      313 Lk St, Ironwood, MI 49938-2337
      View Details
    • Value Estimation by Request
      4,371 SF

      124 Aurora St, Unit 14

      RETAIL STORES (PERSONAL SERVICES) • 4,371 SF
      124 Aurora St, Ironwood, MI 49938-2532
      View Details
    • Value Estimation by Request
      1,444 SF

      124 Aurora St, Unit 17

      RETAIL STORES (PERSONAL SERVICES) • 1,444 SF
      124 Aurora St, Ironwood, MI 49938-2110
      View Details
    • Value Estimation by Request
      0.11 Acres

      238 Ayer St

      STORE, RETAIL OUTLET • 0.11 Acres
      238 Ayer St, Ironwood, MI 49938-2040
      View Details
    • Value Estimation by Request
      1,960 SF

      250 Arch St

      STORE, RETAIL OUTLET • 1,960 SF
      250 Arch St, Ironwood, MI 49938-1903
      View Details
    • Value Estimation by Request
      0.06 Acres

      116 Suffolk St

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      116 Suffolk St, Ironwood, MI 49938-2046
      View Details

    Similar Nearby for Sale

    • $117,900
      2,100 SF

      Downtown Ironwood Mixed-Use Investment

      Mixed-use property with commercial space and apartments in downtown Ironwood.
      122 W Aurora St, Ironwood, MI 49938
      View Details
    • $160,000
      0.20 Acres

      Commercial Building on US 2

      2700 sq ft commercial building on US 2.
      135 Cloverland Dr E, Ironwood, MI 49938
      View Details
    • $199,000
      1,600 SF

      Established Bakery in Downtown Ironwood

      Turnkey bakery business for sale in downtown Ironwood, Michigan.
      230 E Aurora St, Ironwood, MI 49938
      View Details
    • $160,000
      2,781 SF

      Commercial Building on US 2

      2700 sq ft commercial building with limitless potential.
      135 E Cloverland Dr, Ironwood, MI 49938
      View Details
    • $215,000
      5,952 SF

      Downtown Ironwood Mixed-Use Investment Property

      Unique investment opportunity in historic downtown Ironwood, Michigan.
      105 S Suffolk St, Ironwood, MI 49938
      View Details
    • $204,900
      1,952 SF

      Turn-Key Restaurant Opportunity in Ironwood

      Operational restaurant with bar and patio near Powderhorn Ski Hill.
      N11582 Black River Rd, Ironwood, MI 49938
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 Mcleod Ave
    Ironwood, MI 49938-2239
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.