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About the Listing 107216 - UP4717,UP6064
Investment Opportunity! The Norwegian; a historic gem offering 15 apartments along with an adjacent mixed use building offering a commercial space with a 2 bedroom apartment, plus a detached 3 car garage located in the revitalized Ironwood downtown district. Three story brick apartment building consists of a mix of ten studio units, one 1 bedroom unit, two 2 bedroom units and 1 three bedroom units all with kitchen appliances. Also included is an onsite office and additional storage rooms. Full basement features a laundry room with 2 newer washers and 2 newer dryers, tenant storage closets and several rooms for potential use. 2 year old central hot water boiler system and separate electrical meters with new 800 amp service. Rental history with steady income. Property manager currently in place or self manage. The adjacent 2 story mixed use building (#107) has separate entrances to both levels. Main level offers an open commercial space of 1200 sq ft, concrete floors, a temporary wall creating a front and back space and new wall mounted heater. This blank slate provides several possibilities for an additional income source. The upper level houses an updated 2 bedroom, 1 bath apartment with fireplace, updated appliances and new stackable washer/dryer. Here you will find lots of original features with the tall ceilings, rounded archways, crown molding, hardwood floors, large rooms and many closets. Newer vinyl windows, natural gas heat and metal roof. A 3 car detached garage built in 1981 sits at the back of the large gravel parking lot. This property offers 1.44 acres which runs parallel to the snowmobile and utv trails as well as the Iron Belle Trail. Schedule a time to take a look and get in on this investment opportunity.
Listing Highlights
Status
Active
Days on Site
16
Property Type
Commercial Sale
MLS ®
50209660
Year Built
1920
Total Square Footage
13,062
Lot/Acreage
1.44
County
Gogebic
Area
Ironwood (27006)
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Boiler,Forced Air,Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 13062
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 80x100 + irregular lot
- Zoning: Mixed Use
- Roof: Metal,Rubber
- Others:
- Sewer: Public Sanitary
- Parking Features: 11-20 Spaces,Off Street,Parking Lot
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
101 N Lowell Ironwood, MI 49938
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