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216 E Aurora St
Ironwood, MI 49938
Retail Property For Sale

Investment Highlights

  • Historic multi-purpose building in Ironwood.
  • New updates in the living quarters.
  • Space for offices, retail opportunities, and residential rentals.

Executive Summary

This historic & multi-purpose building has served as a home to numerous businesses over the years & now presents an opportunity for a new business entrepreneur to introduce their innovative ideas and plans. The building has undergone a comprehensive renovation of its interior, such as electric, lighting & a complete remodel of the elegant loft area on the 2nd level. The main level offers over 4,200 sq ft of functionality,terrazzo flooring (under carpet) & has multiple office spaces available for rent or lease.These spaces can be easily reconfigured to accommodate various business ventures. A shared hall provides access for the businesses. The 2nd level has a separate entrance, & the fully renovated loft & 2BD, 1 BA apartment(long term renter) are conveniently accessible via a restored staircase. Upon entering the loft, you will be captivated by the abundance of natural light glistening from the skylights, complemented by soothing neutral colors, the intricate architectural details of the ceilings & crown molding, rich red oak flooring, & the expansive and promising potential of the loft. The loft has 3 bedrooms, 1.5 bathrooms, laundry room, spacious living area & a newly designed kitchen equipped with newer appliances, lighting, and island with a butcher block countertop. The dining area and a hot tub room provide easy access to a patio & green area, creating an inviting space for guests to gather and unwind after exploring the area’s activities and recreational offerings. Currently, the loft is rented on a nightly basis and could serve as accommodations if an entrepreneur decided to design the lower level as a reception hall for family reunions, weddings or large gatherings. The drive-in garage and basement are accessible from two locations on the main level and can be utilized for parking and storage purposes for tenants or as additional rental income for future business locations. The property stands as a blank canvas & offers opportunities for growth & success.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,093 SF
Building Class
B
Year Built
1928
Price
$549,900
Price Per SF
$77.53
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
4 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
40’ on Aurora St

Amenities

  • Roof Terrace
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
52-22-329-090
Land Assessment
$14,980
Improvements Assessment
$81,199
Total Assessment
$96,179
  • Listing ID: 40960662

  • Date on Market: 6/17/2026

  • Last Updated:

  • Address: 216 E Aurora St, Ironwood, MI 49938

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