Property summary
This exceptional commercial property, located at 930 E Cloverland Dr in Ironwood, Michigan (49938), presents a lucrative investment opportunity. The 5,400-6,160 square foot building, constructed in 2003, sits on a 1.08-acre lot and boasts a prime highway location on US-2, ensuring high visibility and accessibility. The property features four units, two currently occupied by long-term tenants. One unit is configured as an event center with a recently remodeled kitchen and dining area, easily adaptable to restaurant use. A smaller garage/storage area with an overhead door is located at the rear. All units benefit from ample paved parking and attractive vestibules. A large marquee sign provides excellent highway visibility, and the easternmost unit includes a drive-through service window. The property also includes a substantial parking lot and a separate outbuilding (available for separate sale). The building features central A/C and forced-air heating, along with amenities such as meeting rooms, public restrooms, and a cafe/kitchen. The property is zoned commercial and has 21 parking spaces. The asking price is $449,000, with a land value of $72-$83 per square foot. Utilities include natural gas. This property offers significant potential for rental income or owner-operator use. The APN is 52-14-361-070.
Property profile
VerifiedCap rate & NOI
Current use
-
Computer & Electronic Repair
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Ironwood, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Ironwood, MI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight