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417 Washington Ave

$425,000

417 Washington Avenue, Iron River, MI 49935

Active
Last Updated: 05/07/2026

6,237 sqft

Building Size

0.18 acres

Lot Area

Details:
Building Size:    6,237 sqft
Lot Area:    0.18 acres
Occupancy:    50%
Units:    4
Year Built:    1996
Price Per Sqft:    $68.14
Tenancy:    Multiple
Floors:    2
Parking Spots:    30
Gross Leaseable Area:    4,158
Construction Status:    Existing
Description:

This quality-built 4,158 sq ft commercial/residential property offers exceptional versatility and investment potential. The barrier-free main level is thoughtfully designed to accommodate a wide range of business uses. It features a welcoming reception area, comfortable waiting room, 3 patient examining rooms, private offices, a dedicated computer/IT and storage room, and 2 restrooms - ideal for medical, professional, or service-based operations. The upper level includes 2 well-appointed apartments, each equipped with appliances, providing excellent rental income or owner occupancy options. One apartment is a 2 bedroom, 1 bath and the other is a 1 bedroom, 1 bath and boasts an upper deck, perfect for relaxation. A full poured basement offers 2,079 sq ft of abundant storage space, complementing the already generous storage throughout both levels. The property includes an on-site parking lot for added convenience for tenants, clients and customers. Whether you’re an investor or business owner seeking a live/work opportunity, this property combines functionality, comfort, and income potential in one outstanding package.

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