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Sunnyside Plaza 629 W Cloverland Dr 20,263 SF 100% Leased Retail Building Ironwood, MI 49938 $2,500,000 ($123.38/SF)
Investment Highlights
- Multifunctional Commercial Property.
- 4.3 acres of land and over 20,000 sqft of building space!
- Extremely visible location on highly-trafficked US 2.
Executive Summary
Exceptional opportunity to acquire a multifunctional commercial property in Ironwood, MI. Sunnyside Plaza presents a range of possibilities for entrepreneurs & investors alike! Extremely visible location off the highly trafficked US 2 while offering 4.3 acres (2-parcels) for future expansion. 19,500 sq ft plaza was meticulously built with the highest quality materials & standards, has 7 tenants, of which most have been long term, a 2nd 800 sq ft building with an 8th tenant, black topped parking front & back for up to 85 vehicles, 38x28 detached garage, additional storage building, security cameras, 3-phase power, city sewer & water, ADA compliance, sidewalks, half log & stone exterior, forced air & central air units for all units, multiple front display windows, attached garage with overhead door & an additional access from a back city street. The square footage for each unit space varies and could be easily adapted for other various uses & layouts. Specific details available. Operate as it is currently, almost $30K in gross lease, or capitalize with your own ideas & dreams. The versatility of this incredible commercial property offers numerous opportunities for growth & success.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,263 SF
Building Class
C
Year Built
2005
Price
$2,500,000
Price Per SF
$123.38
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
4.30 AC
Opportunity Zone
Yes
Zoning
C-3
Parking
20 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
850’ on Cloverland Dr
Amenities
- Conferencing Facility
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Backup Power / Generators
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- ABM Gallery Pottery & Painting
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
- Bahs Dance Studio
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
- Oma's Attic Thrift Store
- Retailer
-
99,999 SF
- -
- -
-
- Public Administration
-
99,999 SF
- -
- -
The U.S. Department of Veterans Affairs began as the Veterans Administration and became a Cabinet-level department in 1989. The department carries forward a long federal tradition of supporting veterans through health care, education, disability, funerary, and financial benefits. Its Veterans Health Administration operates a nationwide health care system for enrolled veterans, while other administrations handle benefits, appeals, and related services. The department also maintains a history program that traces the federal government's role in caring for veterans back through earlier agencies and legacy institutions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| ABM Gallery Pottery & Painting | Arts, Entertainment, and Recreation | 99,999 SF | - | - | ||
| Bahs Dance Studio | Arts, Entertainment, and Recreation | 99,999 SF | - | - | ||
| Oma's Attic Thrift Store | Retailer | 99,999 SF | - | - | ||
|
|
Public Administration | 99,999 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 52-21-202-120 | Improvements Assessment | $741,639 |
| Land Assessment | $219,488 | Total Assessment | $961,127 |
Property Taxes
Parcel Number
52-21-202-120
Land Assessment
$219,488
Improvements Assessment
$741,639
Total Assessment
$961,127
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