231 E A Street $416,900

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    231 E A Street Iron Mountain, MI 49801

    • 5,893 sq. ft.
    • 0.28 Acres
    • Commercial
    • MLS# 50085793
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    Views: 137 Days On Site: 638

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    Property Details

    Description Tours

    Investors Take Note! Check out this great income opportunity property in downtown Iron Mountain. Located directly behind Iron Mountain city Hall and one block from the Dickinson County Courthouse, the entire building is for sale. The building currently has 5 units, housing 4 separate business leaseholds. This high traffic business location has a strong history of long term leaseholds as mentioned, which includes the Moose Jackson Café. The beautiful log cabin building is only 26 years old has been well maintained. The property has two storage sheds along with central air-conditioning for the warm summer months. Ample parking available for leaseholders and the droves of downtown customers who visit the area daily. Now is the time to make your investment dreams come true by scheduling an appointment to view the facility and learn more about its earning history and potential.

    • General Features
      • Acreage 0.28
      • Area Municipality Iron Mountain (22007)
      • County Dickinson
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership LLC
      • Total SqFt Finished 5893
      • Waterfront Y/N No
      • Year Built 1996
    • Property Features
      • Water Public Water
      • Water Features None
      • Lot Size 100X200
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Contact

    Patrick Murphy

    Sales Associate

    RE/MAX Select

    Direct: 810-238-8888

    Neighborhood

    49801 (Iron Mountain) Demographics

    49 Median Age
    73 Population Density (per sq. mile)
    40% College Educated
    $50,158 Estimated Median Income
    4,016 Estimated Total Home Owners
    1,105 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    11,328 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $160,000 Median Sales Price
    7 Homes Sold
    14 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $416,900
        8/8/2022 10:36:00 AM New in Database Source: Multiple Listing Service New Value: $416,900

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.