Josh Stein - Northen Michigan Land Brokers
405 Shelden Avenue
Houghton, MI 49931
906.523.5575 Office
906.370.4898 Cell
906.523.5650 FAX
 
 
100 MARQUETTE STREET
IRONWOOD, MI 49938

$950,000

 
 
 
PROPERTY DESCRIPTION

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.

 
BUILDING & CONSTRUCTION

Foundation: Basement

 

Basement: Yes

Construction: Brick,Stone

Garage:

Fireplace:

 

Exterior: Security Lighting,Garden Area

Outbuildings:

 

Accessibility:

First Floor Bath:

 

First Floor Bedroom:

Foundation: Basement

 

Basement: Yes

Green Features:

 

Extras:

 
UTILITIES, HEATING & COOLING

Electric: 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

 

Natural Gas:

Sewer: Public Sanitary

Water: Public Water

Cable:

 

Telephone:

Propane Tanks:

 

Air Conditioning: Ceiling Fan(s),Wall/Window A/C

Heat: Natural Gas: Baseboard,Boiler,Electric Heat,Radiant

 

Supplemental Heat:

 
 
 
LISTING DETAILS

MLS# 50189700

Listing Office:
The Real Estate Store

Listing Agent:
Wyssling, Ellen

LOCATION
100 MARQUETTE STREET
Ironwood, MI 49938

County: Gogebic

School District:

Property Tax Area: Ironwood (27006)

Waterfront: No
Water View:
Shoreline:

Road Access: City/County,Class A,Paved Street,Year Round

 
DETAILS
Business Type Residential Rentals
Total Buildings
Total Building Square Feet 45544.00
Lot Dimensions 200x207
Year Built (Approx.) 1900
Status: Active
 
 
 
PHOTOS