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156 E Cloverland Dr

6,371 SF Retail Building Ironwood, MI 49938 $425,178 CAD ($67 CAD/SF)

Investment Highlights

  • Prime Commercial Location.
  • Currently used as a bar/restaurant.
  • Huge 6,300 sq.ft. space.

Executive Summary

Investment opportunity in Ironwood, MI! Prime commercial location currently set up as a restaurant/bar but offers a multitude of other commercial opportunities! Most recently this property was well known as the most popular restaurant in the area, Maplewood Steakhouse. The building boasts over 6300 square feet of space to include a large wrap around bar area that seats 25+/-, an open dining and bar area, enormous and carefully laid out floor plan in the kitchen, prep area, waitress station and dishwashing area, private dining area along with tasteful finishes throughout. Large walk-in coolers, storage galore, women and men’s restroom, dedicated blacktopped parking area, along with easy access off US 2; one of the busiest & most visible locations in the area. New rubber roof in 2023, insulation in 2023, updated HVAC system and new water heater. Liquor license available. This is a fantastic opportunity to own a quality built commercial property in Ironwood, Michigan!!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,371 SF
Building Class
C
Year Built
1989
Price
$425,178 CAD
Price Per SF
$67 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial- buyer to verify
Parking
50 Spaces (7.85 Spaces per 1,000 SF Leased)
Frontage
155 ft on Cloverland Dr/US Hwy 2

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Recessed Lighting
  • Air Conditioning

Nearby Major Retailers

Huntington National Bank
Snap Fitness 24/7

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52-15-382-060
Land Assessment
$64,947 CAD
Improvements Assessment
$215,679 CAD
Total Assessment
$280,627 CAD
  • Listing ID: 31641684

  • Date on Market: 2024-04-29

  • Last Updated:

  • Address: 156 E Cloverland Dr, Ironwood, MI 49938

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