Property profile

663 E Cloverland Dr Ironwood, MI 49938

FOR SALE
Motels
Property ID
US43-3176475
8,000 SF Built 1960
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Property summary

AI-generated overview

Located in Ironwood, Michigan at 663 E. Cloverland Dr, the property was constructed in 1960 and consists of five buildings, including three houses. The total area is 34,848 square feet, with approximately 8,000 square feet of building space. One of the structures is a single-story motel configured with 8 rooms, an office, and a basement, and the overall site has potential for further customization or expansion.

Property profile

Verified
Property type Motels
Year built 1960
Total area 8,000 SF
UPID US43-3176475

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
  • Hotel & Motel

Location

663 E Cloverland Dr Ironwood, MI 49938
Ironwood metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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