932 E Cloverland Drive Ironwood, MI $ 595,000
932 E Cloverland Drive
$ 595,000
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932 E Cloverland Drive

Ironwood, MI, 49938
$ 595,000
Bedrooms-- Baths-- Sq 8,640

Monthly Estimate*

$ 3,564

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Commercial Property for sale in Ironwood, MI

for $595,000. This 8,640 square foot building was built in 1970 on a lot size of 2.54.

This business opportunity is a pivotal Rangeland source of family entertainment! Currently a four screen movie cinema with a two register concession stand, vestibule ticket sales area, Restrooms, first floor office space, and upstairs storage. The cinema was originally built in 1970 as a two screen movie theatre. In 1998, the building was remodeled to its current four screen theatre with an updated lobby. Other upgrades include an 11 year old Duralast roof, 10" fiberglass insulation in the ceiling, 4 NG furnaces-2 ton HVAC systems that are approx. 13 years old. The Southwest theatre is 40x40 and seats 179 plus multiple wheelchair accessible spots. The Southeast theatre is 30x40 and seats 92 with multiple wheelchair accessible spots. The Northwest theatre is 30x40 and seats 100 with multiple wheelchair accessible spots. The Northeast theatre is 30x30 and seats 80 with multiple wheelchair accessible spots. All theatres have fleck flooring. Fixtures that are included: projectors, popcorn machine, ice machine, cotton candy machine, popcorn warmer, nacho cheese warmer, seats, seat replacement parts, and office supplies. Building and land are being sold together.

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Commercial Active

Price

$ 595,000

Property Type

Commercial

Taxes

$ 15,841

Style

Business

Lot Size

2.54

Year Built

1970

Town/City

Ironwood

County/Region

Gogebic

MLS | Web ID

50149840

Features
General
Heating Forced Air
Cooling Central A/C
Exterior Features Security Lighting Wheelchair Access
Zoning Highway Commercial Commercial
Water Public Water
Status Active Active
Year Built 1970
Parking On Site
Water Heater Electric
County Gogebic
Class COM/IND/BUS OPP
Type Business
Business Type 4 Movie Cinema
Business Name Cloverland Cinema
FULL Other/See Remarks
Municipality Ironwood
Subdivision MI
Commercial Features 220 Volt Power 440 Volt Power Cable Internet Installed Display Window Electric Available Fixtures Furniture Pole Sign Restroom(s) Security Equipment Telephone
Area Ironwood (27006)
Primary City Ironwood
Location Main Street
Directions US 2 East of Lake St/Rd crossing. Building is on the North side of the highway.
City Ironwood
Financial Terms Cash Commercial Loan
Legal Description Building is located on LEASED land with a legal description of Lot 1 excluding the East 10 feet through Lot 26 excluding the East 10 feet of Lot 26 inclusive Block 12
DOM 127
Postal Code 49938
Price Per Sq Ft Total AG 68.87
Public Remarks This business opportunity is a pivotal Rangeland source of family entertainment! Currently a four screen movie cinema with a two register concession stand vestibule ticket sales area Restrooms
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Exterior
Exterior Masonry Metal Steel
Frontage 818
Lot Size Area 2.54
Lot Dimensions 409x135 409x135
Lot Description Cleared
Water Features None
Roads City/County Year Round
Waterfront Y/N No
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Interior
Ceiling Height Greater than 20 Ft.
Fuel Type Natural Gas
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* Excluded Features
List By
ELLEN WYSSLING

Listing Agent

The Real Estate Store

Broker

ellenwyssling@hotmail.com

Email

Affordability Calculator

$4,884
Per Month
73%
27%
0%
Monthly Principal & Interest
$3,564
Monthly Property Taxes
$1,320
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/25/2024$595,000 Listed Price

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932 E Cloverland Drive, Ironwood, MI, 49938 is a Commercial Property for sale at $595,000 with 8,640 sqft and a lot size of 2.54. 932 E Cloverland Drive was built in 1970. The property's zip code is 49938 which is in Ironwood, MI