100 Marquette Street Ironwood, MI $ 950,000
100 Marquette Street
$ 950,000
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100 Marquette Street

Ironwood, MI, 49938
$ 950,000
Bedrooms-- Baths-- Sq 45,544

Monthly Estimate*

$ 5,927

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Commercial Property for sale in Ironwood, MI

for $950,000. This 45,544 square foot building was built in 1900 on a lot size of 0.95.

This former school has been thoughtfully transformed into highly desirable apartments that combine historic character with modern living. With a long-standing history of exceptionally low vacancy rates—currently at 100% occupancy—this property offers a proven income stream. The complex features 26 units in a variety of floor plans, ranging from one to three bedrooms and one to two bathrooms. Many units showcase refinished hardwood or terrazzo floors, original woodwork, and spacious open layouts, while others offer cozy carpeting for added comfort. Residents enjoy convenient amenities including: Coin-operated laundry facilities on two levels, wide, airy hallways, dedicated bicycle storage, and on-site parking. Ideally located, the property is just minutes from downtown festivities, dining, entertainment, trail systems, and local religious establishments. Its central setting and historic charm make it a consistently attractive option for tenants and a unique investment opportunity for discerning buyers.

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Commercial Active

Price

$ 950,000

Property Type

Commercial

Taxes

$ 10,763

Style

Business

Lot Size

0.95

Year Built

1900

Town/City

Ironwood

County/Region

Gogebic

MLS | Web ID

50189700

Features
General
Heating Baseboard Boiler Electric Heat Radiant
Cooling Ceiling Fan(s) Wall/Window A/C
Roof Tar/Gravel
Zoning R-2 Commercial Residential
Water Public Water
Status Active Active
Year Built 1900
Parking 21+ Spaces Off Street Parking Lot
Subdivision None MI
Water Heater Gas
County Gogebic
Class COM/IND/BUS OPP
Type Business
Business Type Residential Rentals
Ownership Corporation
Municipality Ironwood
Sale/Rent For Sale
Status Detail 0
Commercial Features 3 Phase Power ADA Accessible Bath Cable Internet Installed Cafe/Kitchen Carpet Compressor Floor Drain Flr Thickness: 6+ - 8 In. Gas Available Living Quarters No Elevator No Loading Facility Occupied
Area Ironwood (27006)
Primary City Ironwood
Location Bus Service Near Site Bus Service To Site Corner Lot Main Street
Directions US 2 to Lake St. Turn South on Lake St. At the 4 way stop turn west on Ayer St to the building on the southwest corner of Marquette St and Ayer St.
City Ironwood
Financial Terms Cash Commercial Loan
Legal Description Lots 21 22 23 24 & 25 Block 34 Original Plat
DOM 68
Postal Code 49938
Price Per Sq Ft Total AG 20.86
Public Remarks
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Exterior
Exterior Brick Stone
Exterior Amenities Security Lighting Garden Area
Frontage 200
Lot Size Area 0.95
Lot Dimensions 200x207
Lot Description Brownfield Redev
Water Features None
Roads City/County Class A Paved Street Year Round
Waterfront Y/N No
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Interior
Ceiling Height 16-20 Feet Less than 16 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

$6,824
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,927
Monthly Property Taxes
$897
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
9/26/2025$950,000 Listed Price

Map


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100 Marquette Street, Ironwood, MI, 49938 is a Commercial Property for sale at $950,000 with 45,544 sqft and a lot size of 0.95. 100 Marquette Street was built in 1900. The property's zip code is 49938 which is in Ironwood, MI