421 S Suffolk Street
Ironwood, MI, 49938 $ 499,000
Bedrooms-- Baths-- Sq 7,160 Monthly Estimate*
$ 3,072
for $499,000. This 7,160 square foot building was built in 1970 on a lot size of 1.44.
Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages, offering tenants convenience, privacy, and a desirable location close to recreation and downtown amenities. Each unit includes two bedrooms, one bathroom, a dedicated storage closet, and a private deck or patio overlooking a peaceful wooded area. Residents enjoy beautiful sunset views and a sense of seclusion that is rarely found this close to the city center. The building itself has a distinctive character, welcoming tenants with a unique split-level design and eye-catching architectural details, including stylish retro-inspired light fixtures that create a memorable first impression once you are in the doors. Additional amenities include coin-operated laundry facilities and dedicated garage spaces for each unit. Ownership currently covers water, sewer, garbage service, snow removal, and lawn care, while tenants pay their own electric service, which includes both electricity and heat, helping keep operating expenses manageable. Ideally situated across from the skate park, near multiple playgrounds, and just two blocks from the heart of downtown, this property offers convenient access to shopping, dining, entertainment, and community events. Combining strong tenant appeal, practical amenities, and an excellent location, this eight-unit property presents a compelling opportunity for investors seeking a stable and attractive multifamily asset.
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FeaturesGeneralHeating Baseboard Electric Heat
Cooling Ceiling Fan(s) Wall/Window A/C
Roof Asphalt
Zoning R-2 Residential
Water Public Water
Status Active Active
Year Built 1970
Parking 6-10 Spaces Off Street On Site Parking Lot
Water Heater Electric
County Gogebic
Class COM/IND/BUS OPP
Type Business
Ownership Corporation
Municipality Ironwood
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Commercial Features 110 Volt Power 220 Volt Power Bath Cable Internet Installed Cable TV Available Cafe/Kitchen Carpet Ceramic Floor Internet Available Flr Thickness: 4+ - 6 In. Living Quarters Living Quarters Attached
Area Ironwood (27006)
Primary City Ironwood
Location Bus Service To Site Corner Lot Main Street Residential Area
Directions US 2 west to Douglas Blvd (Business US2) Turn south on Douglas and follow through the S curve into the downtown area. Douglass turns into Suffolk Street. Pass 4 blocks and the property is on the right
City Ironwood
Financial Terms Cash Commercial Loan
Legal Description Please see file.
DOM 4
Postal Code 49938
Price Per Sq Ft Total AG 69.69
Public Remarks Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages offering tenants convenience
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ExteriorExterior Wood
Exterior Amenities Deck/Patio Garden Area
Frontage 447
Lot Size Area 1.44
Lot Dimensions 447x140
Lot Description Utilities Above Ground Cleared
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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InteriorCeiling Height Less than 16 Ft.
Fuel Type Electric
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* Excluded FeaturesList ByELLEN WYSSLINGListing Agent
The Real Estate StoreBroker
ellenwyssling@hotmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,072
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Ironwood, MI
Average List Price $491,038
Percent of Sale Price 2%
About Ironwood, MI 4,998 Population
-20% Since 2002
$ 28,589 Median Income
44.88 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $499,000 | | Listed Price |