901 Cedar Avenue Iron Mountain, MI ^$ 365,000

901 Cedar Avenue

^$ 365,000

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901 Cedar Avenue

Iron Mountain, MI, 49801

^$ 365,000

Studio Baths0.0 Sq 8,000

Monthly Estimate*

^$ 2,550

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Studio

Commercial Property for sale in Iron Mountain, MI

for $365,000. This 8,000 square foot building was built in 1996 on a lot size of 0.28.

Business and property investors; here's your chance to own a well-known business with attached living quarters/rental unit (currently rented)! Midtown Laundromat includes 15 front load washers, 15 top load washers, 24 dryers, restrooms, 2 tanning beds, and a popular and successful drop-off service that includes area resorts as clients. There's a separate commercial unit with 4 offices, waiting room, and attached finished garage as well. This 8,000 sq ft building with a newer heat exchanger (2020) sits on over a quarter of an acre lot adjacent to Walgreens and Wendy's restaurant plus very close to plenty of short-term and long-term rental housing. Successfully owned and operated for over a decade, this business is very well-established but has many more opportunities for the entrepreneur.

Commercial Active

Price

^$ 365,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,570

Style

Commercial/Industrial

Lot Size

0.28

Year Built

1996

Town/City

Iron Mountain

County/Region

Dickinson

MLS | Web ID

50108687

Features

General

Heating Forced Air

Cooling Central A/C

Roof Rubber

Zoning Commercial Commercial

Water Public Water

Status Active Active

Year Built 1996

Parking 6-10 Spaces On Site Parking Lot

County Dickinson

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Type Laundromat/Tanning Salon

Percent Ownership LLC

Municipality Iron Mountain

Subdivision MI

Commercial Features Alley Bath Cable Internet Installed Cable TV Available Internet Available Electric Available Fixtures Floor Drain Furniture Living Quarters Living Quarters Attached Pole Sign Public Restrooms

Area Iron Mountain (22007)

Primary City Iron Mountain

Location Main Street Residential Area

Directions Stephenson Ave south to right on East F St right on Cedar Ave to property on right (behind Wendy's restaurant).

City Iron Mountain

Street Name Cedar

Financial Terms Cash Commercial Loan Conventional

Legal Description M-4336-A THE W 95 FT OF LOTS 10 & 11 BLOCK 8 SPIES AND JENKINS FIRST ADDITION ALONG WITH THE VACATED E 10 FT OF CEDAR AVE ADJACENT TO THE ABOVE LOTS AND THE S 1/2 OF VACATED EAST E STREET LYING EASTER

DOM 345

Postal Code 49801

Price Per Sq Ft 45.63

Coming Soon Business and property investors; here's your chance to own a well-known business with attached living quarters/rental unit (currently rented)! Midtown Laundromat includes 15 front load washers

Exterior

Frontage 95

Lot Size Area 0.28

Lot Dimensions 95xirreg

Lot Description Downtown Dev Authority Below Grade

Water Features None

Roads City/County

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

BETSY SAWICKY

Listing Agent

Stephens Real Estate

Broker

betsysawicky@hotmail.com

Affordability Calculator

$3,180

Per Month

Monthly Principal & Interest: $2,550
Monthly Property Taxes: $631
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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 Iron Mountain, MI

Average List Price ^$334,452

Percent of Sale Price 8%

About Iron Mountain, MI

7,748 Population

-7% Since 2002

^$38,782 Median Income

43.87 Median Age

24% 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
9/26/2023	$365,000	-2.67%	Price Down
8/10/2023	$375,000	-6.25%	Price Down
5/15/2023	$400,000		Listed Price

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901 Cedar Avenue, Iron Mountain, MI, 49801 is a Commercial Property for sale at $365,000 with 8,000 sqft and a lot size of 0.28. 901 Cedar Avenue is a studio with 0.0 baths and was built in 1996. The property's zip code is 49801 which is in Iron Mountain, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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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901 Cedar Avenue

Commercial Property for sale in Iron Mountain, MI

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