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Jenn Smart

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216 Roosevelt , Ironwood, MI 49938
$410,000
Est. Payment: $2,136.57/mo
0 Bed
0 Bath
6720 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Fantastic investment opportunity! This five-unit commercial complex features four established businesses currently under lease, with one unit becoming available at the end of 2025—creating an ideal opportunity for an owner-occupant or continued income growth. Relocate your own business into the vacant space while collecting rental income from the remaining tenants, or lease the unit to an up-and-coming venture. Situated on a prominent corner lot just off US-2, the property offers excellent visibility and accessibility, complete with multiple curb cuts and private parking both in front and rear. The 6,720-square-foot building sits on a generous 140 x 400-foot lot, providing ample space for customer traffic, deliveries, and future potential.

Highlights

Listed by JANICE WYSSLING , 906-285-0191 THE REAL ESTATE STORE , 906-932-5406. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
1.28

Year Built

1992

County

Gogebic

Area

Ironwood (27006)

Neighborhood

Roosevelt Plaza

Listing ID

50196202

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:6720
Water:Public Water

Exterior Features

Lot:Cleared
Lot Dimensions:400x140
Zoning:Commercial
Roof:Asphalt,Rubber
Others:
  • Additional:Wheelchair Access
Sewer:Public Sanitary
Parking Features:11-20 Spaces,Off Street,On Site,Parking Lot
Principal Interest
$2,137
Taxes
$261

Home Price

$410,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$82,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,136.57

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,136.57 $261.38 $0.00 $2,397.94
Yearly $25,638.80 $3,136.50 $0.00 $28,775.30
Total $769,164.13 $94,095.00 $0.00 $863,259.13
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Ironwood, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T01:10:54.300Z

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