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    Ironwood, MI
    Retail

    Ironwood, MI Retail Properties & Spaces for Sale

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    Hurley, WI Bessemer, MI Gile, WI
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    Multifunctional Commercial Property in Ironwood
    Updated: Apr 8
    Multifunctional Commercial Property in Ironwood

    629 W Cloverland Drive, Ironwood, MI 49938

    $2,500,000
    20,975 sqft · 4.30 AC lot
    High‑visibility location on US 2 with 4.3 acres for future expansion
    19,500 sq ft plaza built to high standards with 7 long‑term tenants and an additional 800 sq ft building with an 8th tenant
    Strong income potential with almost $30K in gross lease income
    Ample parking with blacktopped front and back lots for up to 85 vehicles
    Includes a 38x28 detached garage, additional storage building, and security cameras
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    629 W Cloverland Drive, Ironwood, MI 49938

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $218K
      Annual

    • Mortgage

      $993K
      Recorded

    • Property Type

      Retail Stores
      Built 2005
    View Property Analytics
    Multifunctional Commercial Property in Ironwood
    Updated: Apr 8
    Multifunctional Commercial Property in Ironwood

    629 CLOVERLAND DR, Ironwood, MI 49938

    $2,500,000
    19,500 sqft · 4.30 AC lot
    High‑visibility location on US 2 with 4.3 acres for future expansion.
    19,500 sq ft plaza built with high‑quality materials and standards.
    Currently operating with 8 tenants and generating almost $30K in gross lease income.
    Ample parking with black‑topped areas accommodating up to 85 vehicles.
    Includes a detached 38x28 garage and additional storage building.
    View details
    Commercial Building on US 2
    Commercial Building on US 2

    135 CLOVERLAND DR E, Ironwood, MI 49938

    $149,900
    2,700 sqft · 0.20 AC lot

    2700 sq ft commercial building with limitless potential.

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    Commercial Building on US 2
    Commercial Building on US 2

    135 E Cloverland Drive, Ironwood, MI 49938

    $149,900
    2,781 sqft · 0.20 AC lot

    2700 sq ft commercial building with limitless potential.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Downtown Mixed-Use Apartment & Retail
    Downtown Mixed-Use Apartment & Retail

    101 N Lowell Street, Ironwood, MI 49938

    $599,000
    13,062 sqft · 1.44 AC lot

    Brick apartment building with adjacent street-level commercial space and an upper two-bedroom unit, plus onsite amenities.

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    Established Bakery Business Opportunity
    Established Bakery Business Opportunity

    230 E Aurora Street, Ironwood, MI 49938

    $189,000
    1,600 sqft · 0.13 AC lot

    Turnkey artisan bakery with equipment, recipes, and real estate.

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    COMMERCIAL - Ironwood, MI
    COMMERCIAL - Ironwood, MI

    100 Bonnie St, Ironwood, MI 49938

    $44,900
    2,756 sqft · 0.10 AC lot

    2,756 sq ft commercial building with upstairs apartment.

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    Mixed-Use Property in Downtown Ironwood
    Mixed-Use Property in Downtown Ironwood

    122 W Aurora Street, Ironwood, MI 49938

    $97,900
    2,100 sqft · 0.08 AC lot

    Versatile commercial property with storefront and apartments in revitalized district.

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    Commercial Building with Apartment
    Commercial Building with Apartment

    100 Bonnie Street, Ironwood, MI 49938

    $44,900
    2,756 sqft · 0.10 AC lot

    2,756 sq ft commercial building with upstairs apartment.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, 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.

    Turnkey Automotive Service Center
    Turnkey Automotive Service Center

    5235N HWY 51, Mercer, WI 54547

    $479,900
    3,000 sqft · 0.18 AC lot

    Fully equipped automotive service center on high-traffic corner lot.

    View details
    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.

    View details
    Turnkey Automotive Service Center
    Turnkey Automotive Service Center

    5235N HWY 51, Mercer, WI 54547

    $479,900
    3,000 sqft

    Fully operational automotive service center on a high-traffic corner lot.

    View details
    Highway 13 Commercial Opportunity
    Highway 13 Commercial Opportunity

    809 Thomas St, Mellen, WI 54546

    $224,900
    3.70 AC lot

    3.7+/- acres suitable for various commercial uses near Copper Falls.

    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.

    Corner Lot in Downtown Park Falls
    Corner Lot in Downtown Park Falls

    172&184 2ND AVE N, Park Falls, WI 54552

    Contact for pricing
    0.13 AC lot

    Corner lot suitable for business in downtown Park Falls, Wisconsin.

    View details
    Corner Lot in Downtown
    Corner Lot in Downtown

    172-184 2nd Avenue North, Park Falls, WI 54552

    Contact for pricing

    Corner lot suitable for business in downtown Park Falls.

    View details
    Vacant City Lot in Downtown
    Vacant City Lot in Downtown

    ON DIVISION ST, Park Falls, WI 54552

    Contact for pricing
    0.06 AC lot

    Vacant 0.06 acre city lot in downtown Park Falls.

    View details
    Bayfield Land with Lake Views
    Bayfield Land with Lake Views

    35480 Whitetail Ave, Bayfield, WI 54814

    $949,900
    29.79 AC lot

    29.79+/- acres with Lake Superior views and development potential.

    View details

    Off-Market Properties in Ironwood, MI

    Consider similar Off-Market properties in Ironwood, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    30 Newport Hts
    AUTO REPAIR, GARAGE

    30 Newport Hts, Ironwood, MI 49938

    Value Estimation by Request
    3,000 sqft · 0.55 AC lot
    View details
    155 Cloverland Dr
    FINANCIAL BUILDING

    155 Cloverland Dr, Ironwood, MI 49938-1227

    $1,380,000
    Estimated value
    5,180 sqft · 1.38 AC lot
    View details
    156 Cloverland Dr
    RESTAURANT

    156 Cloverland Dr, Ironwood, MI 49938-1228

    Value Estimation by Request
    6,183 sqft · 0.73 AC lot
    View details
    802 Cloverland Dr
    DRUG STORE, PHARMACY

    802 Cloverland Dr, Ironwood, MI 49938-1502

    $1,460,000
    Estimated value
    13,650 sqft · 1.50 AC lot
    View details
    210 Suffolk St
    RETAIL STORES (PERSONAL SERVICES)

    210 Suffolk St, Ironwood, MI 49938-2159

    Value Estimation by Request
    3,720 sqft · 0.08 AC lot
    View details
    408 Silver St
    RETAIL STORES (PERSONAL SERVICES)

    408 Silver St, Ironwood, MI 49938-2546

    Value Estimation by Request
    2,640 sqft · 0.13 AC lot
    View details
    405 Lk St
    RETAIL STORES (PERSONAL SERVICES)

    405 Lk St, Ironwood, MI 49938-1509

    Value Estimation by Request
    888 sqft · 0.09 AC lot
    View details
    255 Cloverland Dr
    RETAIL STORES (PERSONAL SERVICES)

    255 Cloverland Dr, Ironwood, MI 49938-1305

    $545,000
    Estimated value
    4,800 sqft · 0.60 AC lot
    View details
    323 Lowell St
    LAUNDROMAT (SELF-SERVICE)

    323 Lowell St, Ironwood, MI 49938-2107

    Value Estimation by Request
    3,850 sqft · 0.32 AC lot
    View details
    201 Curry St
    RETAIL STORES (PERSONAL SERVICES)

    201 Curry St, Ironwood, MI 49938-2213

    Value Estimation by Request
    4,021 sqft · 0.08 AC lot
    View details
    235 Ayer St, Unit 2
    RETAIL STORES (PERSONAL SERVICES)

    235 Ayer St, Ironwood, MI 49938-2039

    Unit 2
    Value Estimation by Request
    8,680 sqft · 0.19 AC lot
    View details
    238 Ayer St
    STORE, RETAIL OUTLET

    238 Ayer St, Ironwood, MI 49938-2040

    Value Estimation by Request
    0.11 AC lot
    View details
    1135 Cloverland Dr, Unit 7
    LAUNDROMAT (SELF-SERVICE)

    1135 Cloverland Dr, Ironwood, MI 49938-1649

    Unit 7
    Value Estimation by Request
    5,100 sqft · 0.46 AC lot
    View details
    1801 Cloverland Dr
    AUTO REPAIR, GARAGE

    1801 Cloverland Dr, Ironwood, MI 49938-1734

    Value Estimation by Request
    3,728 sqft · 63.00 AC lot
    View details
    204 Aurora St, Unit 20
    BAR, TAVERN

    204 Aurora St, Ironwood, MI 49938-2506

    Unit 20
    Value Estimation by Request
    2,304 sqft · 0.09 AC lot
    View details

    Ironwood, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Ironwood, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 68,230 square feet of properties for sale, with an estimated market value of $6,275,500.

    Sale prices for stores in Ironwood, MI start at $44,900, averaging $697,277, and reaching up to $2,500,000 — 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

    Shopping centers 4
    Storefront 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 $697.3K

    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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