400 Aurora StIronwood, MI 49938

Property Details for 400 Aurora St

Year built

1948

Lot size

0.18 AC

Property size (Sq ft)

3,360 SF

Zone code

C-2

Property type

Retail space

APN

52-22-355-070

APU

5222355070

Description

This exceptional 6,720 square foot industrial building presents a fantastic opportunity for businesses seeking a prime location in Ironwood, Michigan. Situated on the edge of downtown, this property offers convenient access to Hurley, Wisconsin, and boasts high visibility from Aurora Street. The main level, encompassing 3,360 square feet, is ideally configured for showroom, reception, display, storage, and workspace needs. A convenient loading dock and ample parking are also included on this level. The lower level, mirroring the upper level's square footage at 3,360 square feet, is accessed from King Street and Soo Place and primarily functions as a workshop, complemented by a smaller office space and extensive parking. The building is in excellent condition, representing a turnkey solution for entrepreneurs. The 0.18-acre lot provides ample space for operations. This listing is exclusively for the building itself

• CAP approach

  CAP return

  Valuation

  6%

  $908,098

  6.5%

  $838,244

  7%

  $778,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $432,166

  Geo Method

  $432,166

• Alternative Use

  Use

  Valuation

  Residential

  $707,090

  Hospitality

  $647,691

  Educational

  $538,871

  Medical

  $557,404

  Retail

  $838,244

Location Insight

City

Ironwood

County

Gogebic

State

Michigan

Latitude

46.4513

Longitude

-90.1743

Property Tax & Assessments

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