216 Roosevelt Street Ironwood, MI ^$ 410,000

216 Roosevelt Street

^$ 410,000

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Recently Listed

216 Roosevelt Street

Ironwood, MI, 49938

^$ 410,000

Bedrooms-- Baths-- Sq 6,720

Monthly Estimate*

^$ 2,558

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Commercial Property for sale in Ironwood, MI

for $410,000. This 6,720 square foot building was built in 1992 on a lot size of 1.28.

Fantastic investment opportunity! This five-unit commercial complex features four established businesses currently under lease, with one unit becoming available at the end of 2025âcreating 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.

Commercial Active

Price

^$ 410,000

Property Type

Commercial

Taxes

^$ 0

Style

Commercial/Industrial

Lot Size

1.28

Year Built

1992

Town/City

Ironwood

County/Region

Gogebic

MLS | Web ID

50196202

Features

General

Heating Zoned Heating Radiant Floor

Roof Asphalt Rubber

Zoning C-3 Commercial

Water Public Water

Status Active Active

Year Built 1992

Parking 11-20 Spaces Off Street On Site Parking Lot

Subdivision Roosevelt Plaza MI

Water Heater Electric

County Gogebic

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership LLC

Municipality Ironwood

Section 14

Sale/Rent For Sale

Status Detail 0

Commercial Features 220 Volt Power ADA Accessible Cable Internet Installed Cable TV Available Carpet Ceramic Floor Display Window Fixtures Floor Drain Flr Thickness: 4+ - 6 In. Meeting Rooms Occupied Pole Sign

Area Ironwood (27006)

Primary City Ironwood

Location Bus Service To Site Corner Lot Office Park Strip Center

Directions From the corner of Lake Street and US 2 go East to Roosevelt Street. Turn North on Roosevelt one block to the Plaza on the right.

City Ironwood

Financial Terms Cash Commercial Loan

Legal Description Block 12 Assessors Plat# 15 Exc; Start at the S1/4 Cor of Sec 14 T47N R47W Th N 89 DEG 33'37 E Alg Sec Ln a Dist of 1310.93 ft; Th N 00 Deg 40'25 E a Dist of 474.06 ft to SE Cor of Block 12 Assessor

DOM 1

Postal Code 49938

Price Per Sq Ft Total AG 61.01

Public Remarks Fantastic investment opportunity! This five-unit commercial complex features four established businesses currently under lease

Exterior

Exterior Brick Front Vinyl Siding Vinyl Trim

Exterior Amenities Wheelchair Access

Frontage 400

Lot Size Area 1.28

Lot Dimensions 400x140

Lot Description Cleared

Water Features None

Roads City/County Curbed Paved Street Year Round

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

JANICE WYSSLING

Listing Agent

The Real Estate Store

Broker

janice@upnorthproperty.com

Affordability Calculator

$2,558

Per Month

Monthly Principal & Interest: $2,558
Monthly Property Taxes: --
Monthly Home Insurance: --

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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

Trends
Schools

Commerical listings in Ironwood, MI

Average List Price ^$287,044

Percent of Sale Price 30%

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
12/16/2025	$410,000		Listed Price

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216 Roosevelt Street, Ironwood, MI, 49938 is a Commercial Property for sale at $410,000 with 6,720 sqft and a lot size of 1.28. 216 Roosevelt Street was built in 1992. 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 6.375% 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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.

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216 Roosevelt Street

Commercial Property for sale in Ironwood, MI

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