901 Cedar Avenue $365,000

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    901 Cedar Avenue Iron Mountain, MI 49801

    • 8,000 sq. ft.
    • 0.28 Acres
    • Commercial
    • MLS# 50108687
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    Views: 121 Days On Site: 361

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    Property Details

    Business and property investors; here's your chance to own a well-known business with attached living quarters/rental unit (currently rented)! Midtown Laundromat includes 15 front load washers, 15 top load washers, 24 dryers, restrooms, 2 tanning beds, and a popular and successful drop-off service that includes area resorts as clients. There's a separate commercial unit with 4 offices, waiting room, and attached finished garage as well. This 8,000 sq ft building with a newer heat exchanger (2020) sits on over a quarter of an acre lot adjacent to Walgreens and Wendy's restaurant plus very close to plenty of short-term and long-term rental housing. Successfully owned and operated for over a decade, this business is very well-established but has many more opportunities for the entrepreneur.

    • General Features
      • Acreage 0.28
      • Area Municipality Iron Mountain (22007)
      • County Dickinson
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership LLC
      • Total SqFt Finished 8000
      • Waterfront Y/N No
      • Year Built 1996
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Rubber
    • Property Features
      • Water Public Water
      • Water Features None
      • LOT DESCRIPTION Downtown Dev Authority,Below Grade
      • PARKING 6-10 Spaces,On Site,Parking Lot
      • Lot Size 95xirreg
      • Roads City/County
      • Sewer Septic Public Sanitary

    Contact

    Tim Sova

    Tim Sova

    The Tim Sova Team, Associate Broker

    RE/MAX Platinum

    Direct: 810-844-2316

    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: $365,000
        5/12/2023 3:07:00 PM New in Database Source: Multiple Listing Service New Value: $365,000

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        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.