106 E Cloverland Drive Ironwood, MI ^$ 249,000

106 E Cloverland Drive

^$ 249,000

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106 E Cloverland Drive

Ironwood, MI, 49938

^$ 249,000

Studio Baths0.0 Sq 1,406

Monthly Estimate*

^$ 1,655

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Studio

Commercial Property for sale in Ironwood, MI

for $249,000. This 1,406 square foot building was built in 1950 on a lot size of 0.41.

Turn key restaurant that has been owned and operated by the same owner for 25 years and is a true destination for tourists looking to enjoy an excellent meal. Very successful business and comes with all equipment and furnishings to generate income immediately! Seating for 45 and many updates have been done. Plenty of parking and conveniently located on Hwy US 2. Owner is ready to retire, but is willing to assist new owner with getting established!

Commercial Active

Price

^$ 249,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Business

Lot Size

0.41

Year Built

1950

Town/City

Ironwood

County/Region

Gogebic

MLS | Web ID

10070623

Features

General

Heating Hot Water

Cooling Ceiling Fan(s) Exhaust Fan Wall/Window A/C

Zoning Commercial

Water Public Water

Status Active Active

Year Built 1950

Parking On Site

County Gogebic

Class COM/IND/BUS OPP

Type Business

Business Type Restaurant

Business Name Mike's Restaurant

Percent Ownership Partnership

Municipality Ironwood

Subdivision MI

Commercial Features Cable Internet Installed Electric Available Fixtures Furniture Pole Sign Restroom(s) Telephone

Area Ironwood (27006)

Primary City Ironwood

Directions US2 E to property on right.

City Ironwood

Street Name Cloverland

Financial Terms Cash Commercial Loan

Legal Description Lots 4 5 & 6 BLK 8 NORDLAND ADDITION

DOM 1131

Postal Code 49938

Price Per Sq Ft Total 177.1

Coming Soon

Exterior

Exterior Brick Frame Wood

Lot Size Area 0.41

Lot Dimensions 134x134

Water Features None

Roads City/County Year Round

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

DEAN LANTTA

Listing Agent

Northern Trails Realty

Broker

deanlantta8@gmail.com

Affordability Calculator

$1,655

Per Month

Monthly Principal & Interest: $1,655
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Ironwood, MI

Average List Price ^$279,317

Percent of Sale Price 12%

About Ironwood, MI

4,998 Population

-20% Since 2002

^$28,589 Median Income

44.88 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/15/2024	$249,000		Listed Price

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106 E Cloverland Drive, Ironwood, MI, 49938 is a Commercial Property for sale at $249,000 with 1,406 sqft and a lot size of 0.41. 106 E Cloverland Drive is a studio with 0.0 baths and was built in 1950. The property's zip code is 49938 which is in Ironwood, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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106 E Cloverland Drive

Commercial Property for sale in Ironwood, MI

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