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101 LOWELL ST S Ironwood, MI 49938
10 Beds
16 Baths
13,062 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 13,062 sqft
Price per Sqft $45
MLS Listing ID 217503
Bedrooms 10
Full Baths 16
HOA Y/N No
Abv Grd Liv Area 13,062
Annual Tax Amount $10,898
Tax Year 2025
Property Sub-Type Single Family Residence
Property Description
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 a furnished 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
State MI
County Gogebic
Direction From US2, go South on Lowell St for One Mile to property on Right
Interior
Heating Natural Gas
Fireplaces Type None
Fireplace No
Exterior
Water Access Desc Public
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Others
Tax ID 52-22-327-070
Ownership Fee Simple
Listed by FIRST WEBER - BESSEMER
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