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216 E Aurora St, Ironwood, MI, 49938

5beds
5baths
7,093sqft
$524,900
$74price/sqft
$4,382/moest. monthly cost
$175,280/yrincome needed

About This Home

Located in the heart of downtown Ironwood, Michigan, this charming historical stone and brick building offers a unique and inviting living experience. Spanning approximately 7,000 square feet across two floors, the property boasts a spacious and versatile layout. The upper level features an exquisite loft area that has undergone a complete renovation. This captivating space is bathed in natural light from skylights, complemented by soothing neutral colors, intricate architectural details of the ceilings and crown molding, rich red oak flooring, and the expansive potential of the loft. There are 3 bedrooms, 1.5 bathrooms, laundry room, spacious living area, & a newly designed kitchen equipped with modern appliances, lighting, and island with a butcher block countertop. The dining area and a hot tub room provide convenient access to a patio & green space, creating an inviting atmosphere for guests to gather and unwind after exploring the area’s activities and recreational offerings. Currently, the loft is rented on a nightly basis, generating substantial rental income. However, it also has the potential to serve as a personal home. Additionally on the 2nd level is a 2-bedroom, 1 bath, 990 sq ft apartment that is rented by a long term tenant. The main level has terrazzo flooring (under carpet) & approximately 4200 sq ft, stands as a blank canvas, offering the opportunity to transform it into personal living space if desired or designed to accommodate additional apartment space. The drive under garage and basement areas are accessible from two locations on the main level and can be utilized for parking and additional storage areas. This property presents an exceptional opportunity for individuals with innovative ideas and vision.

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
85
BikeVery Bikeable

Schools

7/10

Construction

Materials

  • Foundation: Block
  • Roof: Metal,Rubber
  • Construction materials: Brick,Frame,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Two Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Built-In Oven,Cooktop,Dryer,Dishwasher,Electric Water Heater,Microwave,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Full,Interior Entry,Unfinished

Bathroom

  • Level: First

Bathroom

  • Level: Second

Bathroom

  • Level: Second

Bathroom

  • Level: First

Bathroom

  • Level: Second

Bedroom

  • Level: Second
  • Dimensions: 10'4x13'1

Bedroom

  • Level: Second
  • Dimensions: 16'11x13'1

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second
  • Dimensions: 11'11x17'11

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2

Dining Room

  • Level: Second
  • Dimensions: 15'5x10'3

Entry Foyer

  • Level: Second
  • Dimensions: 11'10x4

Features

  • Additional Living Quarters,Ceiling Fan(s),Hot Tub/Spa,Skylights
  • Window features: Skylight(s)
  • Flooring: Carpet,Concrete,Laminate,Tile,Vinyl,Wood
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 7,093

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,093
  • Total interior livable area: 7,093 sqft

Kitchen

  • Level: Second
  • Dimensions: 15'5x9'2

Laundry

  • Level: Second
  • Dimensions: 4'6x10

Living Room

  • Level: Second
  • Dimensions: 15'5x19'11

Other

  • Level: Second
  • Dimensions: 12'4x10'3

Property

Details

  • Parcel number: 275222329090

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Patio
  • Has spa: Yes
  • Spa features: Hot Tub
  • Frontage length: 0,0

Lot

  • Lot size: 5,663 sqft
  • Features: Level,Open Space
  • Lot size dimensions: 40 x

Parking

  • Parking features: Underground

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather
Strong Wind
Hail
Tsunami

FEMA Declared Disasters in Gogebic County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,654$31,848
Home Insurance *$422$5,064
Property Taxes $533$6,396
Electricity $773$9,284
Total$4,382$52,584
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$150,240/yr
40% on housing$131,460/yr
45% on housing$116,853/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$74This listing

vs Other Active Listings

Avg $/sqft

ZIP 49938$102
Gogebic County$138

vs Homes Sold Last Month

Median $/sqft

ZIP 49938
Gogebic County$127

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-22Price change$524,900
2026-06-15Listed for sale$549,900

For Sale by Agent

AgentRACHEL MARTIN
BrokerageREDMAN REALTY GROUP, LLC

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