About This Home

This 0-bedroom, 0-bathroom commercial at 421 S Suffolk Street in Ironwood, MI is listed for $375,000 ($52 per sqft). Built in 1970, the home offers 7,160 sqft of living space on a 1.44 acres lot.

Key Features

  • Built in 1970
  • 1.44 acre lot

Property Details

1970
Listing Description

Turnkey 8-Unit Apartment Investment with Garages & Prime Location This attractive investment package features eight well-maintained apartment units and eight garages, offering tenants convenience, privacy, and a desirable location close to recreation and downtown amenities.

Each unit includes two bedrooms, one bathroom, a dedicated storage closet, and a private deck or patio overlooking a peaceful wooded area. Residents enjoy beautiful sunset views and a sense of seclusion that is rarely found this close to the city center.

The building itself has a distinctive character, welcoming tenants with a unique split-level design and eye-catching architectural details, including stylish retro-inspired light fixtures that create a memorable first impression once you are in the doors.

Additional amenities include coin-operated laundry facilities and dedicated garage spaces for each unit. Ownership currently covers water, sewer, garbage service, snow removal, and lawn care, while tenants pay their own electric service, which includes both electricity and heat, helping keep operating expenses manageable.

Ideally situated across from the skate park, near multiple playgrounds, and just two blocks from the heart of downtown, this property offers convenient access to shopping, dining, entertainment, and community events. Combining strong tenant appeal, practical amenities, and an excellent location, this eight-unit property presents a compelling opportunity for investors seeking a stable and attractive multifamily asset.

Monthly Cost Estimate

$2,006/mo

20% down · 6.5% · 30 years

Principal$271
Interest$1,625
Insurance$109

Estimates only. Actual payments may vary.

Location

421 S Suffolk Street

Ironwood, MI 49938

Features & Amenities

Exterior Features

Deck/PatioGarden Area

Property Details

Outdoor Features

Patio

Parking

Off StreetParking Lot

Heating

Electric (Heating)Baseboard

Cooling

Wall/Window Unit(s)Ceiling Fan(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 421 S Suffolk Street is listed at $375,000 ($52/sqft). The estimated monthly payment is $2,005 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 1.44 acre lot. Exterior Features: Deck/Patio, Garden Area.

This property is listed by ELLEN WYSSLING.

EW

ELLEN WYSSLING

Agent at The Real Estate Store Inc

Listed by The Real Estate Store Inc · Broker phone: (906) 932-5406 · Broker website

MLS# 50210051· Source: Upper Peninsula Association of Realtors· 153 days on PropertySimple

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

421 S Suffolk Street, Ironwood, MI 49938

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