This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Retail Property is no longer advertised on LoopNet.ca.

802 E Cloverland Dr
Ironwood, MI 49938

Walgreens · Retail Property For Sale

Investment Highlights

  • Walgreens has a 30+ year operating history and is signing a new, 15-year absolute NNN lease with 5% rent increases showing their commitment to the loc
  • Located at the intersection of US Highway 2, Ironwood’s main thoroughfare, and Lake Street, with traffic counts in excess of nearly 15,000 VPD
  • Absolute Net Lease: Allows for a true, passive investment with no management required
  • Investors can depreciate the building due to fee simple ownership. Rental increases in initial term and option periods provide a hedge against inflati

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.50 AC
Parking
56 Spaces (4.1 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52-14-362-110
Land Assessment
$265,117
Improvements Assessment
$952,083
Total Assessment
$1,217,200
  • Listing ID: 29268922

  • Date on Market: 2023-08-14

  • Last Updated:

  • Address: 802 E Cloverland Dr, Ironwood, MI 49938

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}