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    Ironwood, MI Residential Income Properties for Sale

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    Hurley, WI Bessemer, MI Gile, WI
    10 listings
    Downtown Mixed-Use Apartment & Retail
    $599,000
    13,062 SF
    Downtown Mixed-Use Apartment & Retail

    101 N Lowell Street, Ironwood, MI 49938

    Brick apartment building with adjacent street-level commercial space and an upper two-bedroom unit, plus onsite amenities.
    • 15‑apartment, 3‑story brick building (year built 1920) with unit mix of 10 studio, 1 1‑bedroom, two 2‑bedroom, and one 3‑bedroom
    • Adjacent mixed‑use building (#107) with 1,200 SF commercial space plus upper‑level 2‑bedroom, 1‑bath apartment
    • 2‑year‑old central hot water boiler system, separate electrical meters, and new 800 amp service
    • Full basement includes laundry room with 2 newer washers and 2 newer dryers, plus additional storage and potential‑use rooms
    • Property includes an onsite office and additional storage rooms, plus off‑street parking in a gravel parking lot and parking lot
    Updated: May 31
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    Historic Mixed-Use Office and Loft
    $549,900
    7,093 SF
    Historic Mixed-Use Office and Loft

    216 E Aurora Street, Ironwood, MI 49938

    Renovated building with flexible office space, a second-level loft apartment, and separate entrances for multiple uses.
    • Over 4,200 SF of main‑level workspace with multiple office spaces for rent or lease, with reconfigurable layouts
    • Second level features a fully renovated loft with 3 bedrooms, 1.5 bathrooms, laundry room, and a separate entrance
    • Loft includes a newly designed kitchen with newer appliances, lighting, and an island with butcher block countertop
    • Loft has skylights and natural light plus red oak flooring and terrazzo flooring (under carpet)
    • 2BD, 1 BA apartment on the second level with a long‑term renter, accessible via the restored staircase
    Updated: Jun 3
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    Spacious Duplex on Scenic Land
    $215,000
    2,040 SF
    Spacious Duplex on Scenic Land

    Charming duplex with rental income potential near outdoor recreation.

    10342 N Lake Road, Ironwood, MI 49938

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    Duplex with Separate Entrances
    $159,900
    2,008 SF
    Duplex with Separate Entrances

    Two units each with 2 bedrooms, 1 bath, full basements, and garage options on a 0.24-acre lot.

    919 Nightingale Street, Ironwood, MI 49938

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    Duplex With Enclosed Front Porches
    $114,900
    1,434 SF
    Duplex With Enclosed Front Porches

    Two-unit duplex with enclosed front porches, laundry areas, and a full basement, offering flexible owner-occupant or rental use.

    208 Greenbush Street, Ironwood, MI 49938

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    Historic Mixed-Use Office Building
    $549,900
    0.13 Acres
    Historic Mixed-Use Office Building

    Renovated office suites with a fully updated loft apartment and separate second-level entrance.

    216 AURORA ST E, Ironwood, MI 49938

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    Updated Duplex with Garage Space
    $159,900
    1,004 SF
    Updated Duplex with Garage Space

    Well-maintained duplex in Ironwood with updated interiors and garages.

    919 Nightingale St, Ironwood, MI 49938

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    Mixed-Use Property in Downtown Ironwood
    $97,900
    2,100 SF
    Mixed-Use Property in Downtown Ironwood

    Versatile commercial property with storefront and apartments in revitalized district.

    122 W Aurora Street, Ironwood, MI 49938

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    Commercial Building with Apartment
    $44,900
    2,756 SF
    Commercial Building with Apartment

    2,756 sq ft commercial building with upstairs apartment.

    100 Bonnie Street, Ironwood, MI 49938

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    COMMERCIAL - Ironwood, MI
    $44,900
    2,756 SF
    COMMERCIAL - Ironwood, MI

    2,756 sq ft commercial building with upstairs apartment.

    100 Bonnie St, Ironwood, MI 49938

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 10 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Apartment Building
    $2,775,000
    35,078 SF
    Mixed-Use Apartment Building

    37-unit mixed-use building with street-level storefronts and apartments above, plus coin-operated laundry on each floor.

    210 Main St W, Ashland, WI 54806

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    Four-Plex Nestled in the Woods
    $209,000
    2,592 SF
    Four-Plex Nestled in the Woods

    Income opportunity near town and ski hills in Bessemer, MI.

    10740 N Cannonball Court, Bessemer, MI 49911

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    Bessemer Commercial Building with Living
    $149,900
    3,966 SF
    Bessemer Commercial Building with Living

    Commercial building with living quarters in desired downtown location.

    208 S Sophie Street, Bessemer, MI 49911

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    Mixed-Use Apartment and Retail Building
    $2,775,000
    35,078 SF
    Mixed-Use Apartment and Retail Building

    37-unit building with five main-level storefronts and coin laundry on every floor.

    210 MAIN ST W, Ashland, WI 54806

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lake Superior Waterfront Land
    $300,000
    17.00 Acres
    Lake Superior Waterfront Land

    17 acres with 419' frontage on Lake Superior.

    17 AC ON LAKE RD, Ironwood, MI 49938

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    Lake Superior Waterfront Land
    $500,000
    20.00 Acres
    Lake Superior Waterfront Land

    20 acres with 733' frontage on Lake Superior.

    20 AC ON LAKE RD, Ironwood, MI 49938

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    Secluded 5-Acre Lot in Bessemer
    Contact for pricing
    5.13 Acres
    Secluded 5-Acre Lot in Bessemer

    5-acre lot perfect for building near Northern Wisconsin and Michigan.

    On Chaney Lake Road, Bessemer, MI 49911

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    Waterfront Land on Chaney Lake
    $83,900
    6.50 Acres
    Waterfront Land on Chaney Lake

    Secluded 6.5-acre waterfront property with cabin on Chaney Lake.

    Chaney Lake Road, Bessemer, MI 49911

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    Ironwood, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 10 residential income properties for sale in Ironwood, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 34,253 square feet of properties for sale, with an estimated market value of $1,986,300.

    Sale prices for residential income properties in Ironwood, MI start at $44,900, averaging $220,700, and reaching up to $599,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 8
    Duplexes 4
    Apartment buildings 2
    Short term rental properties 2
    Single family properties 1

    Demographics Overview

    Population 7,424
    Population Growth (5Y) -1.2%
    Median Household Income $44,379
    College Educated 32.5%

    High-Yield Neighborhoods for Investment

    Identify Ironwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49938 $132.9K

    Taxes & Financing

    Tax Rate (average for all types) 5.37%
    Property Tax per SF $85.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gogebic County

    New Delisted

    Total CRE Inventory on Market (SF)

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