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    Ironwood, MI
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    Ironwood, MI Residential Income Properties for Sale

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    13 properties
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    Downtown Mixed-Use Storefront
    Updated: Nov 5, 2025
    Downtown Mixed-Use Storefront

    122 W Aurora Street, Ironwood, MI 49938

    $97,900
    2,100 sqft 0.08 AC lot
    Mixed‑use building with a main‑level commercial storefront plus two upper‑level apartments
    Main‑level storefront has large front display windows for retail, studio, office, or small business use
    Two upstairs apartments have both street and alley access
    Detached garage at the rear plus 2 off‑street parking spaces
    Fenced property with neighbor‑owned fence noted
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    This listing looks promising.

    Here's a quick look at some key insights for

    122 W Aurora Street, Ironwood, MI 49938

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $8K
      Annual

    • Price @ 7% Cap

      $119K
      Above asking

    • Property Type

      Retail Stores
      Built 1900
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    Mixed-Use Investment with Apartments
    Updated: May 31
    Mixed-Use Investment with Apartments

    101 N Lowell Street, Ironwood, MI 49938

    $599,000
    13,062 sqft 1.44 AC lot
    15‑apartment three‑story brick building (built 1920) plus an adjacent mixed‑use building with commercial space and a 2‑bedroom apartment
    Unit mix: ten studio, one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom; all include kitchen appliances
    Separate electrical meters with new 800 amp service and a 2‑year‑old central hot water boiler system
    Commercial space is 1,200 SF with concrete floors; includes a temporary wall setup plus a new wall‑mounted heater
    Upper level of adjacent building: updated 2‑bedroom, 1‑bath apartment with fireplace and new stackable washer/dryer
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    Historic Mixed-Use Office Building
    Historic Mixed-Use Office Building

    216 E Aurora Street, Ironwood, MI 49938

    $524,900
    7,093 sqft 0.13 AC lot

    Renovated office spaces on the main level with a separately accessed second-floor loft and apartment.

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    Side-by-Side 4-Unit Multifamily
    Side-by-Side 4-Unit Multifamily

    5216 E Sunset Road, Ironwood, MI 49938

    $334,990
    2,432 sqft 1.73 AC lot

    Four side-by-side units on block construction include private basements with laundry hookups and off-street parking.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Updated Duplex with Yard
    Updated Duplex with Yard

    140 W Pewabic St, Ironwood, MI 49938

    Contact for pricing

    Duplex offers two units, ample parking, a spacious yard, and recent updates including a new roof.

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    Turnkey 8-Unit Apartment Building
    Turnkey 8-Unit Apartment Building

    421 S Suffolk Street, Ironwood, MI 49938

    $499,000
    7,160 sqft 1.44 AC lot

    Turnkey eight-unit apartment building with eight garages, coin-operated laundry, and tenant-paid electric service.

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    Historic Short-Term Rental Property
    Historic Short-Term Rental Property

    400 Silver Street, Ironwood, MI 49938

    $199,000
    2,862 sqft 0.15 AC lot

    Updated historic building with 7 bedrooms, multiple living areas, original tin details, and a fenced outdoor area.

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    Up-Down Duplex with Separate Units
    Up-Down Duplex with Separate Units

    10342 N Lake Road, Ironwood, MI 49938

    $210,000
    2,040 sqft 0.99 AC lot

    Two separate living units each with its own kitchen, bedrooms, and bath, supported by recent exterior updates.

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    Mixed-Use Retail and Apartment Building
    Mixed-Use Retail and Apartment Building

    126 E Aurora Street, Ironwood, MI 49938

    $225,000
    2,068 sqft 0.06 AC lot

    Turnkey building with main-level wine and spirits bar and an upstairs one-bedroom rental apartment.

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    Multifamily Investment Portfolio with Garages
    Multifamily Investment Portfolio with Garages

    246 Ashland Court, Ironwood, MI 49938

    $1,285,000
    1.73 AC lot

    Portfolio includes 21 rental units and 24 garages, anchored by a 15-unit brick apartment building plus three duplexes.

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    Renovated Historic Mixed-Use Building
    Renovated Historic Mixed-Use Building

    216 AURORA ST E, Ironwood, MI 49938

    $524,900
    0.13 AC lot

    Renovated office spaces plus a fully renovated 2nd-level loft and apartment, with a separate entrance and shared hall.

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    Duplex with Enclosed Front Porches
    Duplex with Enclosed Front Porches

    208 Greenbush Street, Ironwood, MI 49938

    $94,500
    1,434 sqft 0.14 AC lot

    Two-unit duplex features enclosed front porches, two bedrooms per unit, and a full basement with separate panels and hot water heaters.

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    Residential Income Property with Garages
    Residential Income Property with Garages

    1114 N Douglas Boulevard, Ironwood, MI 49938

    $399,000
    0.76 AC lot

    Seven rental units include a six-unit apartment building and a single-family home, plus four garage units and on-site parking.

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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 13 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.

    Four-Plex Nestled in the Woods
    Four-Plex Nestled in the Woods

    10740 N Cannonball Court, Bessemer, MI 49911

    $209,000
    2,592 sqft 0.96 AC lot

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

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    Retail Building with Apartments
    Retail Building with Apartments

    115-117 E Bennett Avenue, Mellen, WI 54546

    $250,000
    3,744 sqft 0.05 AC lot

    Downtown Mellen building combines a thrift store with two apartments for flexible mixed-use occupancy.

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    Mixed-Use Post Office Building
    Mixed-Use Post Office Building

    119-121 E Bennett Avenue, Mellen, WI 54546

    $275,000
    3,588 sqft 0.05 AC lot

    Post office with two apartments upstairs, offering mixed-use income potential in Mellen, Wisconsin.

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    COMMERCIAL - Bessemer, MI
    COMMERCIAL - Bessemer, MI

    805 & 807 Eli Avenue, Bessemer, MI 49911

    $220,000
    19,712 sqft 0.45 AC lot

    Bars & Pubs · 19,712 SF

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    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.

    Wooded Recreational Land Parcel
    Wooded Recreational Land Parcel

    TBD 1 Moore Road, Bessemer, MI 49911

    $49,900
    20.00 AC lot

    Vacant 20-acre wooded parcel with year-round paved-road access and power available at the road.

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    Lake Superior Waterfront Land
    Lake Superior Waterfront Land

    17 AC ON LAKE RD, Ironwood, MI 49938

    $300,000
    17.00 AC lot

    17 acres with 419' frontage on Lake Superior.

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    Lake Superior Waterfront Land
    Lake Superior Waterfront Land

    20 AC ON LAKE RD, Ironwood, MI 49938

    $500,000
    20.00 AC lot

    20 acres with 733' frontage on Lake Superior.

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    Secluded 5-Acre Lot in Bessemer
    Secluded 5-Acre Lot in Bessemer

    On Chaney Lake Road, Bessemer, MI 49911

    Contact for pricing
    5.13 AC lot

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

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    Ironwood, MI Residential Income Properties Market Trends and Statistics

    Explore 13 residential income properties for sale in Ironwood, MI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 40,251 square feet of properties for sale, with an estimated market value of $4,993,190.

    Sale prices for residential income properties in Ironwood, MI start at $94,500, averaging $416,099, and reaching up to $1,285,000 — 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 12
    Duplexes 5
    Apartment buildings 4
    Short term rental properties 3
    Single family properties 3

    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 $267.4K

    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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