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    Property profile & analytics

    Iron River, MI 49935

    • Retail space
    • 43,200 SF
    • 12.72 lot acres
    OFF-MARKET
    Value Estimation
    $650,000
    Location Intelligence
    Property ID
    US43-3957777
    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

    • Retail space

    Property Details

    Lot size
    12.72 lot acres
    Property size
    43,200 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    055-035-023-00
    APU
    5503502300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $755,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $645,000
      Geo Method
      $795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $615,000
      Mixed-Use
      $795,000
      Hospitality
      $690,000
      Educational
      $735,000
      Residential Income
      $680,000
      Energy
      $700,000
      Income-Based Land
      $640,000
      Food Service
      $805,000

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.6634
    Latitude
    46.1006

    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
    $13,860
    $565,490
    $579,350
    -
    $27,720
    $1,130,980
    $1,158,700

    Comparable in this City

    • Value Estimation by Request
      6,400 SF

      928 Selden Rd

      STORE, RETAIL OUTLET • 6,400 SF
      928 Selden Rd, Iron River, MI 49935
      View Details
    • Value Estimation by Request
      2,320 SF

      326 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,320 SF
      326 1st Ave, Iron River, MI 49935-1414
      View Details
    • Value Estimation by Request
      3,160 SF

      212 Genesee St

      RETAIL STORES (PERSONAL SERVICES) • 3,160 SF
      212 Genesee St, Iron River, MI 49935-1439
      View Details
    • Value Estimation by Request
      2,106 SF

      615 Adams St

      RETAIL STORES (PERSONAL SERVICES) • 2,106 SF
      615 Adams St, Iron River, MI 49935-1321
      View Details
    • Value Estimation
      $260,000
      7,150 SF

      897 Lalley Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,150 SF
      897 Lalley Rd, Iron River, MI 49935-1553
      View Details
    • Value Estimation by Request
      1,125 SF

      204 Genesee St

      RETAIL STORES (PERSONAL SERVICES) • 1,125 SF
      204 Genesee St, Iron River, MI 49935-1439
      View Details

    Similar Nearby for Sale

    • $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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    • $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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    • $2,699,500
      2,400 SF

      Turnkey Retail Property For Sale

      Modern retail property with long-term lease and annual rent escalations.
      32 W Adams St, Iron River, MI 49935
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    • $295,000
      2,300 SF

      Established Restaurant on Main Street

      Turnkey restaurant with high visibility and loyal customer base.
      321 W Genesee St, Iron River, MI 49935
      View Details
    • $154,500
      4,640 SF

      Commercial Building on US-2, Michigan

      4,640 sq ft commercial building on 2.53 acres.
      4159 W Us2, 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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    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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