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 Gogebic County

101 N Lowell Street

Ironwood, MI 49938

$599,000

MLS# 50209660

LISTING STATUS

Active

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Investment Opportunity! The Norwegian; a historic gem offering 15 apartments along with an adjacent mixed use building offering a commercial space with a 2 bedroom apartment, plus a detached 3 car garage located in the revitalized Ironwood downtown district. Three story brick apartment building consists of a mix of ten studio units, one 1 bedroom unit, two 2 bedroom units and 1 three bedroom units all with kitchen appliances. Also included is an onsite office and additional storage rooms. Full basement features a laundry room with 2 newer washers and 2 newer dryers, tenant storage closets and several rooms for potential use. 2 year old central hot water boiler system and separate electrical meters with new 800 amp service. Rental history with steady income. Property manager currently in place or self manage. The adjacent 2 story mixed use building (#107) has separate entrances to both levels. Main level offers an open commercial space of 1200 sq ft, concrete floors, a temporary wall creating a front and back space and new wall mounted heater. This blank slate provides several possibilities for an additional income source. The upper level houses an updated 2 bedroom, 1 bath apartment with fireplace, updated appliances and new stackable washer/dryer. Here you will find lots of original features with the tall ceilings, rounded archways, crown molding, hardwood floors, large rooms and many closets. Newer vinyl windows, natural gas heat and metal roof. A 3 car detached garage built in 1981 sits at the back of the large gravel parking lot. This property offers 1.44 acres which runs parallel to the snowmobile and utv trails as well as the Iron Belle Trail. Schedule a time to take a look and get in on this investment opportunity.

Location

SCHOOL DISTRICT

COUNTY

Gogebic

WATERFRONT

No

PROPERTY TAX AREA

Ironwood (27006)

ROAD ACCESS

City/County, Curbed, Paved Street

BUSINESS TYPE

Apartments&Mixed Use Bldg, Apartment Bldg

TOTAL BUILDING SQ FT

13062.00

ACRES (APPROX.)

1.44

LOT DIMENSIONS

80x100 + irregular lot

YEAR BUILT (APPROX.)

1920

ZONING

Mixed Use

Utilities

HEATING

: Baseboard, Boiler, Forced Air, Hot Water

UTILITES

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Internet DSL Available, Internet Spectrum

AIR CONDITIONING

None

SEWER

Public Sanitary

WATER

Public Water

Building & Construction

EXTERIOR CONSTRUCTION

Brick

FOUNDATION

Basement

EXTERIOR FEATURES

COMMERCIAL FEATURES

Cable TV Available, Cafe/Kitchen, Carpet, Concrete Floor, Internet Available, Living Quarters, Occupied, Outside Storage, Separate Meters, Trash Removal, Wood Floors

PARKING

11-20 Spaces, Off Street, Parking Lot

 

Listing Details

LISTING OFFICE

First Weber, Inc

LISTING AGENT

Colassaco, Gayle

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