Property profile

652 Cloverland Dr Ironwood, MI 49938

OFF-MARKET
Retail space
Property ID
US43-3723135
2,700 SF 0.37 ac lot Built 1981
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,700 square foot commercial office building is situated on a 0.38-acre lot at 652 E Cloverland in Ironwood, Michigan. The property boasts three individual office spaces, each complete with its own private bathroom, offering tenants or clients maximum privacy and convenience. Its prime location on Cloverland Drive ensures high visibility, ideal for attracting customers and maximizing business exposure. The well-designed layout optimizes functionality and comfort, making it an attractive option for a variety of businesses. Each office features a separate entrance, providing autonomy and easy access for occupants. This versatile property presents a significant opportunity for entrepreneurs seeking a new location or investors looking for a strong rental income stream. The building's strategic location and thoughtful design combine to create a highly desirable commercial space. The asking price for this exceptional property is $214,900. This is a rare opportunity to acquire a well-maintained, high-visibility commercial building in a desirable location. Don't miss out on this chance to own a piece of Ironwood's thriving commercial landscape.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Total area 2,700 SF
Lot 0.37 ac (16,117 SF)
Zoning code C-3
APN 52-15-486-090
UPID US43-3723135

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Forestry Service
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Nursing Home
  • Foster Care Service Social Service Agency

Location

652 Cloverland Dr Ironwood, MI 49938-1414
Ironwood metro Census 950600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2019
Price N/A

Zoning & alternative use

C-3 · Ironwood, MI

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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