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    Ironwood, MI
    Short Term Rental

    Ironwood, MI Short Term Rental Properties for Sale

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    Hurley, WI Bessemer, MI Gile, WI Wakefield, MI Mercer, WI Winchester, WI Mellen, WI Marenisco, MI
    Historic Short-Term Rental Property
    Updated: Jun 30
    Historic Short-Term Rental Property

    400 Silver Street, Ironwood, MI 49938

    $199,000
    2,862 sqft 0.15 AC lot
    Historic property built in 1886 with updates and original tin walls and ceiling in the bar area
    Currently operating as an Airbnb
    Layout includes 7 bedrooms (one walk‑through), 2 full baths, and 2 1/2 baths
    Features 2 kitchens and 3 separate living room spaces
    Spacious bar area designed for entertaining
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    This listing looks promising.

    Here's a quick look at some key insights for

    400 Silver Street, Ironwood, MI 49938

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    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $10K
      Annual

    • Price @ 7% Cap

      $145K
      Suggested

    • Last Sold

      Oct 2023
      $90K

    • Property Type

      Restaurant
      Built 1890
    View Property Analytics
    Historic Mixed-Use Office Building
    Updated: Jun 3
    Historic Mixed-Use Office Building

    216 E Aurora Street, Ironwood, MI 49938

    $524,900
    7,093 sqft 0.13 AC lot
    Main level offers over 4,200 sq ft of functional space with multiple office areas available to rent or lease.
    Interior has been comprehensively renovated, including electric and lighting upgrades, plus a complete remodel of the 2nd‑level loft area.
    2nd level features a separate entrance with access to a fully renovated loft plus a 2BD, 1BA apartment with a long‑term renter.
    Loft includes 3 bedrooms, 1.5 bathrooms, laundry room, spacious living area, and a newly designed kitchen with newer appliances and island.
    Loft offers abundant natural light from skylights, red oak flooring, dining area, and a hot tub room with access to a patio and green area.
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    Historic Office Building with Renovated Loft
    Historic Office Building with Renovated Loft

    216 AURORA ST E, Ironwood, MI 49938

    $524,900
    0.13 AC lot

    Renovated office space with a fully renovated 2nd-level loft and apartment, including separate access and shared hall entry.

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    Renovated Office Building with Loft
    Renovated Office Building with Loft

    216 Aurora St, Ironwood, MI 49938

    $524,900

    Flexible office layout with separate loft access, additional residential accommodations, and garage and basement storage.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Updated Furnished Duplex With Deck
    Updated Furnished Duplex With Deck

    621 3rd Ave, Two Harbors, MN 55616

    $455,900
    2,473 sqft 0.10 AC lot

    Two units offer separate utilities, private laundry, and distinct three-bedroom and one-bedroom layouts.

    View details
    Fourplex with Short-Term Rental Unit
    Fourplex with Short-Term Rental Unit

    6628W MARION ST, Winter, WI 54896

    $299,900
    1.07 AC lot

    Village of Winter fourplex features a short-term rental unit sleeping up to 8, plus three additional residential units.

    View details
    Burlington Bay Lake Superior Condos
    Burlington Bay Lake Superior Condos

    1412 Burlington Road, Two Harbors, MN 55616

    Contact for pricing
    1,250 sqft

    Condos with lake views, indoor pool, hot tub, and more.

    View details
    Multifamily Building with Trail Access
    Multifamily Building with Trail Access

    6628W Marion St, Winter, WI 54896

    $299,900

    Multiple apartment configurations include a short-term rental, remodeled unit, fireplace, garage, and storage building.

    View details

    Ironwood, MI Short Term Rental Properties Market Trends and Statistics

    Explore 4 short term rental properties for sale in Ironwood, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,955 square feet of properties for sale, with an estimated market value of $1,773,700.

    Sale prices for short term rental properties in Ironwood, MI start at $199,000, averaging $443,425, and reaching up to $524,900 — 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

    Apartment buildings 8
    Duplexes 7
    Short term rental properties 4
    Quadplexes 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 $416.3K

    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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