932 E Cloverland Drive $595,000

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    932 E Cloverland Drive Ironwood, MI 49938

    • 8,640 sq. ft.
    • 2.54 Acres
    • Commercial
    • MLS# 50149840
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    Views: 31 Days On Site: 104

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    Property Details

    This business opportunity is a pivotal Rangeland source of family entertainment! Currently a four screen movie cinema with a two register concession stand, vestibule ticket sales area, Restrooms, first floor office space, and upstairs storage. The cinema was originally built in 1970 as a two screen movie theatre. In 1998, the building was remodeled to its current four screen theatre with an updated lobby. Other upgrades include an 11 year old Duralast roof, 10 fiberglass insulation in the ceiling, 4 NG furnaces-2 ton HVAC systems that are approx. 13 years old. The Southwest theatre is 40x40 and seats 179 plus multiple wheelchair accessible spots. The Southeast theatre is 30x40 and seats 92 with multiple wheelchair accessible spots. The Northwest theatre is 30x40 and seats 100 with multiple wheelchair accessible spots. The Northeast theatre is 30x30 and seats 80 with multiple wheelchair accessible spots. All theatres have fleck flooring. Fixtures that are included: projectors, popcorn machine, ice machine, cotton candy machine, popcorn warmer, nacho cheese warmer, seats, seat replacement parts, and office supplies. Building and land are being sold together.

    • General Features
      • Acreage 2.54
      • Area Municipality Ironwood (27006)
      • County Gogebic
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Other/See Remarks
      • Total SqFt Finished 8640
      • Waterfront Y/N No
      • Year Built 1970
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Masonry, Metal, Steel
      • Exterior Features Security Lighting
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Water Features None
      • LOT DESCRIPTION Cleared
      • PARKING On Site
      • Lot Size 409x135 409x135
      • Roads City/County
      • Sewer Septic Public Sanitary

    Neighborhood

    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
    7,493 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $125,450 Median Sales Price
    10 Homes Sold
    10 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $595,000
        7/25/2024 5:53:00 PM New in Database Source: Multiple Listing Service New Value: $595,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.