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 Houghton County

 Ontonagon County

 Baraga County

 Keweenaw County

 Iron County

 Gogebic County

100 Marquette Street

Ironwood, MI 49938

$950,000

MLS# 50189700

LISTING STATUS

Active

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This former school has been thoughtfully transformed into highly desirable apartments that combine historic character with modern living. With a long-standing history of exceptionally low vacancy rates—currently at 100% occupancy—this property offers a proven income stream. The complex features 26 units in a variety of floor plans, ranging from one to three bedrooms and one to two bathrooms. Many units showcase refinished hardwood or terrazzo floors, original woodwork, and spacious open layouts, while others offer cozy carpeting for added comfort. Residents enjoy convenient amenities including: Coin-operated laundry facilities on two levels, wide, airy hallways, dedicated bicycle storage, and on-site parking. Ideally located, the property is just minutes from downtown festivities, dining, entertainment, trail systems, and local religious establishments. Its central setting and historic charm make it a consistently attractive option for tenants and a unique investment opportunity for discerning buyers.

Location

SCHOOL DISTRICT

COUNTY

Gogebic

WATERFRONT

No

PROPERTY TAX AREA

Ironwood (27006)

ROAD ACCESS

City/County, Class A, Paved Street, Year Round

BUSINESS TYPE

Residential Rentals, Apartment Bldg, Residential

TOTAL BUILDING SQ FT

45544.00

ACRES (APPROX.)

0.95

LOT DIMENSIONS

200x207

YEAR BUILT (APPROX.)

1900

ZONING

Commercial, Residential

Utilities

HEATING

Natural Gas: Baseboard, Boiler, Electric Heat, Radiant

UTILITES

Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Hard Lined Internet, Internet Spectrum

AIR CONDITIONING

Ceiling Fan(s),Wall/Window A/C

SEWER

Public Sanitary

WATER

Public Water

Building & Construction

EXTERIOR CONSTRUCTION

Brick, Stone

FOUNDATION

Basement

EXTERIOR FEATURES

Security Lighting, Garden Area

COMMERCIAL FEATURES

3 Phase Power, ADA Accessible, Bath, Cable Internet Installed, Cafe/Kitchen, Carpet, Compressor, Floor Drain, Flr Thickness: 6+ - 8 In., Gas Available, Living Quarters, No Elevator, No Loading Facility, Occupied, Primary Power, Private Restrooms, Sidewalks, Telephone, Terrazo Floor, Trash Removal, Vinyl/Laminate Floors, Wood Floors, Smoke/Fire Alarm

PARKING

21+ Spaces, Off Street, Parking Lot

 

Listing Details

LISTING OFFICE

The Real Estate Store

LISTING AGENT

Wyssling, Ellen

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