Listing provided courtesy of THE REAL ESTATE STORE- MLS# 50210896MLS Provider

222 E Aurora StreetIronwood, MI 49938

Multi-Family · 9 Beds · 7 Full Baths · 1 Partial Bath · 6,440 Sq. ft. | 0.29 Acres
$229,000 Active

222 E Aurora Street Overview

Time on Site:
19 days
Visits:
14

Downtown Ironwood Mixed-Use Investment Opportunity & 2 Commercial Spaces, 6 Apartments & Private Parking Positioned in the heart of vibrant Downtown Ironwood, this exceptional mixed-use property offers a rare combination of commercial visibility, residential income, and future development potential. Comprising 222 E Aurora Street, 220 E Aurora Street, and 224 E Aurora Street, this property presents multiple revenue streams in one prime downtown location. At 222 E Aurora Street, the street-level commercial space welcomes customers with expansive display windows and a warm, inviting atmosphere. Inside, you'll find a carpeted retail area highlighted by a decorative corner fireplace, rich walnut paneling, and exposed decorative ceiling beams that create a cozy yet professional setting. The space also includes a private office or dressing room, a half bath, and an impressive 30' x 18' unfinished room with soaring 20-foot ceilings, offering endless possibilities for expansion, storage, workshops, events, or additional commercial use. A rear entrance provides convenient alley access, while the basement houses the mechanical systems, laundry hookups, and additional storage space. Above the commercial space is a secure, locked entrance leading to six unique apartment units, each offering its own character and floor plan. The apartments feature one- and two-bedroom layouts, with many units benefiting from significant updates, including renovated kitchens and bathrooms, new flooring, fresh paint, updated countertops, and modern fixtures. One unit even boasts skylights that flood the living space with natural light, creating a truly distinctive residence. Several apartments enjoy private or semi-private rear porches, further enhancing tenant appeal. Adjacent to the main building, 220 E Aurora Street provides an additional storefront with exceptional flexibility. Currently configured as private living quarters, the space could easily be reimagined as multiple professional offices, retail suites, studios, or service-based businesses. Featuring 2.5 bathrooms and a full basement, this space offers the versatility entrepreneurs and investors seek in a downtown commercial property. Completing the package is 224 E Aurora Street, a valuable private parking lot providing dedicated off-street parking for tenants-a highly sought-after amenity in any downtown setting. A garage space accessible from the alley adds further utility, while ample public parking across the alley accommodates customers and guests. Located directly across from the library and within walking distance of restaurants, food trucks, boutiques, community events, and everyday services, this property sits in one of Ironwood's most desirable commercial corridors. With a blend of established residential income, flexible commercial space, private parking, and untapped potential for future growth, this is an outstanding opportunity for investors seeking a landmark downtown asset with both immediate cash fl

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222 E Aurora Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,440
  • Price/Sq.ft. $36
  • Lot 0.29 Acres

Details

General

Building Information

  • Separate Electric: No
  • Separate Gas: No
  • Separate Heat: No
  • Separate Water: No
  • Year Built: 1900

Location/Region

  • County Or Parish: Gogebic
  • LOCATION: Main Street, Walk to School
  • MLS Area Minor: Ironwood (27006)
  • Municipality: Ironwood
  • Subdivision Name: None

Parking Information

  • GARAGE TYPE: Detached Garage, Off Street

Community/Development

  • Community Features: Grounds Maintenance, Security, Sidewalks, Street Lights, Pets-Allowed, Dogs Allowed, Cats Allowed, Wi-Fi Available, Fiber Optic Internet

Tax Information

  • Summer Tax: 4332.58
  • Summer Tax Year: 2025
  • Tax Annual Amount: $4,690.33
  • Tax Year: 2025
  • Winter Tax: 357.75
  • Winter Tax Year: 2025

General Information

  • FUEL TYPE: Natural Gas
  • Ownership: Trust
  • Property Type: MULTIFAMILY
  • Special Listing Conditions: Standard
  • STYLES: Conventional Frame, Other
  • Zoning: Commercial

Interior

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • BATH DESCRIPTIONS: First Flr Bath Lav/Half
  • Bathrooms Full: 7
  • Bathrooms Partial: 1
  • Bathrooms Total: 8
  • Bedrooms Total: 9

Building Interior

  • BASEMENT TYPE: Full, MI Basement, Outside Entrance, Walk Out, Stone
  • WATER HEATER: Electric

General Information

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Basement: Yes
  • Cooling: Ceiling Fan(s), Wall/Window A/C
  • Electric: 200+ Amp Service, Circuit Breakers
  • Fireplace Features: Decorative Fireplace
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Foundation Details: Basement
  • Heating: Boiler
  • Interior Features: Hardwood Floors, Walk-In Closet
  • Living Area: 6440
  • Living Area Source: Assessors Data

Exterior

Parking Information

  • Parking Features: 3 or More Spaces, Unassigned/General

Lot Information

  • Frontage Length: 60
  • Lot Features: Cleared, Unpaved
  • Lot Size Acres: 0.29
  • Lot Size Area: 60x140
  • Water Source: Public Water

Waterfront/View

  • Waterfront Features: None
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: More than 2 Stories
  • Construction Materials: Brick, Cedar
  • ROADS: City/County, Curbed, Paved Street, Year Round

General Information

  • Exterior Features: Sidewalks, Street Lights
  • Sewer: Public Sanitary
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Internet Spectrum

222 E Aurora Street Neighborhood

Community

49938 (Ironwood) Demographics

51
Median Age
29
Population Density (per sq. mile)
37%
College Educated
$36,994
Estimated Median Income
2,736
Estimated Total Home Owners
1,031
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

222 E Aurora Street Market Data

Based on the last 30 days in this zip code

$244,337
Average List Price
$123
Average Price per Square Foot
9
Properties Sold
87
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network