Endless possibilities with this Michigan gateway property! This 5200 sq ft, 140 yr old commercial building has a beautiful view of the river from the 2nd floor and is walking distance to Ironwoodâ??s downtown district or Hurley, Wisconsinâ??s famous Silver St. bars and restaurants. As one of the first commercial spots on the Ironwood side of the State line, it has a high degree of retail visibility. Daily traffic count on Silver Street is at 5,300, where Hwy 2 is at 5,200. Square nails found in renovation determine it was built prior to 1890. Great bones from the 24-inch native stone foundation up. 11' ceilings. It has had 5 years of meticulous, thoughtful renovation to the main floor with tons of original charm. The upstairs of this property is unfinished, but it has the possibility for up to 6 upstairs apartments or one big 2600 sq ft loft. The main floor is move in ready and could be used as creative living space or as a clean slate ready for commercial buildout. A ton of on street parking as well as parking in the rear. Adjacent lots to the North and East are negotiable.
Location, Location, location. One of the only 2 bars in Downtown Ironwood area left. This is next door to the Cold Iron, making it a perfect location for your specialty foods. Bring your ideas and make this treasure come to life again! Great opportunity for the entrepreneur in you. Built in 1900 as the Michigan Bell Company, this not only has potential, it has quite the history. The top floor is one big blank canvas to bring in your dreams. Apartments? Studio living quarters? Some kind of indoor entertainment space? Come with your thinking caps on. Updated bathrooms and flooring, fresh paint and kitchen is ready to go! Lot's of storage space in the basement and a great space for the office. Outside there is a patio area that could be set up to use for a garden sitting area. Seller is motivated!
Ironwood is located in Michigan. Ironwood, Michigan has a population of 5,147. Ironwood is more family-centric than the surrounding county with 23.46% of the households containing married families with children. The county average for households married with children is 19.69%.
The median household income in Ironwood, Michigan is $30,755. The median household income for the surrounding county is $41,948 compared to the national median of $69,021. The median age of people living in Ironwood is 48.1 years.
The average high temperature in July is 76.2 degrees, with an average low temperature in January of 2.4 degrees. The average rainfall is approximately 35.5 inches per year, with 166.2 inches of snow per year.
