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    Ironwood, MI
    Retail

    Ironwood, MI Retail Space for Sale

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    Hurley, WI Bessemer, MI Gile, WI Wakefield, MI Mercer, WI Winchester, WI Mellen, WI Marenisco, MI
    6 properties
    Multitenant Retail Plaza Opportunity
    Updated: Apr 8
    Multitenant Retail Plaza Opportunity

    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
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    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

    • Price @ 7% Cap

      $3.11M
      Above asking

    • Property Type

      Retail Stores
      Built 2005
    View Property Analytics
    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
    View details
    Five-Unit Retail Corner Complex
    Five-Unit Retail Corner Complex

    216 Roosevelt Street, Ironwood, MI 49938

    $410,000
    6,720 sqft 1.28 AC lot

    Five-unit commercial strip hosts four leased businesses, with one unit scheduled to open end of 2025.

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    Five-Unit Retail Building
    Five-Unit Retail Building

    216 Roosevelt Street, Ironwood, MI 49938

    $410,000
    6,720 sqft 1.29 AC lot

    Five-unit retail complex with four leased spaces and one unit scheduled to open for occupancy at year-end 2025.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Commercial Building with Two Entrances
    Commercial Building with Two Entrances

    318 N Lake Street, Ironwood, MI 49938

    $69,900
    3,264 sqft 0.23 AC lot

    Large commercial building features two front entrances with display rooms and interior spaces with original hardwood flooring.

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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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    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 6 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 1 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 Furniture and Mattress Retail
    Turnkey Furniture and Mattress Retail

    5079 HWY 51, Mercer, WI 54547

    $779,000
    1.66 AC lot

    Turnkey furniture and mattress showroom with detached garage, offered with inventory and highway frontage in Mercer, WI.

    View details
    Turn-Key Furniture Store on Highway
    Turn-Key Furniture Store on Highway

    5079N Hwy 51, Mercer, WI 54547

    $779,000
    4,000 sqft 1.66 AC lot

    Established furniture store with highway frontage and expansion potential.

    View details
    Main Street Mixed-Use Opportunity
    Main Street Mixed-Use Opportunity

    220 Main St E, Ashland, WI 54806

    $142,900
    1,408 sqft

    Unique mixed-use building in Ashland, close to Lake Superior.

    View details
    Leased Retail Building with Updated Systems
    Leased Retail Building with Updated Systems

    309-311 W Main Street, Ashland, WI 54806

    Contact for pricing
    5,000 sqft

    Retail building leased to two tenants, with newer furnace and roof.

    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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    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.

    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
    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
    236 Mcleod Ave, Unit 20
    RETAIL STORES (PERSONAL SERVICES)

    236 Mcleod Ave, Ironwood, MI 49938-2143

    Unit 20
    Value Estimation by Request
    6,400 sqft 0.08 AC lot
    View details
    127 Luxmore St
    RETAIL STORES (PERSONAL SERVICES)

    127 Luxmore St, Ironwood, MI 49938-1701

    Value Estimation by Request
    616 sqft 0.37 AC lot
    View details
    652 Cloverland Dr
    RETAIL STORES (PERSONAL SERVICES)

    652 Cloverland Dr, Ironwood, MI 49938-1414

    Value Estimation by Request
    2,700 sqft 0.37 AC lot
    View details
    126 Aurora St
    RETAIL STORES (PERSONAL SERVICES)

    126 Aurora St, Ironwood, MI 49938-2110

    Value Estimation by Request
    1,273 sqft 0.06 AC lot
    View details
    151 Cloverland Dr
    RETAIL STORES (PERSONAL SERVICES)

    151 Cloverland Dr, Ironwood, MI 49938-1227

    Value Estimation by Request
    2,100 sqft 0.20 AC lot
    View details
    100 Cloverland Dr
    RETAIL STORES (PERSONAL SERVICES)

    100 Cloverland Dr, Ironwood, MI 49938-1100

    Value Estimation by Request
    7,168 sqft 0.37 AC lot
    View details
    103 Suffolk St
    RETAIL STORES (PERSONAL SERVICES)

    103 Suffolk St, Ironwood, MI 49938-2045

    Value Estimation by Request
    1,640 sqft 0.05 AC lot
    View details
    226 Mcleod Ave
    RETAIL STORES (PERSONAL SERVICES)

    226 Mcleod Ave, Ironwood, MI 49938-2122

    Value Estimation by Request
    3,192 sqft 0.07 AC lot
    View details
    600 Cloverland Dr
    RETAIL STORES (PERSONAL SERVICES)

    600 Cloverland Dr, Ironwood, MI 49938-1405

    Value Estimation by Request
    1,760 sqft 0.55 AC lot
    View details
    130 Cloverland Dr
    RETAIL STORES (PERSONAL SERVICES)

    130 Cloverland Dr, Ironwood, MI 49938-1228

    Value Estimation by Request
    9,029 sqft 1.55 AC lot
    View details
    101 Suffolk St
    RETAIL STORES (PERSONAL SERVICES)

    101 Suffolk St, Ironwood, MI 49938-2045

    Value Estimation by Request
    3,864 sqft 0.04 AC lot
    View details

    Ironwood, MI Retail Space Market Trends and Statistics

    Explore 72 retail space for sale in Ironwood, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 52,809 square feet of properties for sale, with an estimated market value of $4,213,900.

    Sale prices for retail space in Ironwood, MI start at $69,900, averaging $702,316, 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

    Storefront properties 4
    Shopping centers 2

    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 $1.9M

    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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