www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.

507 N LAKE ST Ironwood MI 49938-1511

[Locked] • APN 52-22-226-200

Upgrade  
to see sold price and date
Details
Property Type Retail, Special Purpose
Sub Type Auto Shop
Building SqFt 5,697
Lot SqFt 30,847
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-3
Year Built 1980
Building Count 1
Opportunity Zone Yes
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Remaining Term ******

Property History

Intelligence Badge
Property Type
Property Type
Retail, Special Purpose
Asking Details
Asking Cap Rate
******
Marketing Description

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase the fee simple interest in a new Fire Station ("Fire Station") dispensary located in Ironwood, MI (“The Property”). The Property consists of a 3,850-square-foot freestanding retail building on a 0.73 acre parcel of land. The Property was built in 2024 and features a drive-thru. Fire Station will operate under a brand new fifteen (15) year absolute NNN lease with zero landlord responsibilities and preferred 2.5% annual rental escalations during the base term.

Investment Highlights
  • New 15 Year, Absolute NNN Sale Leaseback Opportunity

  • 2.50% Annual Increases

  • Established Operator with 10 Locations

  • Strong Store Sales & Corporate Guaranty

  • Year-Round Destination with Countless Outdoor Activities

  • Multiple Points of Access Into Site Along Primary Retail Corridor

Loan History

Intelligence Badge

Financial History

Intelligence Badge
****** Data
Net Operating Income
******
Reporting Date
******

Tax History

Intelligence Badge

Contact Information

Want to pull contact information for hundreds of properties at once? Try our new tool, Data Enrichment, and streamline your workflow. Try Data Enrichment Intelligence Badge
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error

Ownership Information

Intelligence Badge

Property Details

Intelligence Badge
There are no additional details for this property

Contacts

Sold on
 BY:
CT
Christian Tremblay PRO
•••.•••.6148
•••••blay@•••••••••.com
Brokerage logo

Map

Comparable Properties

Intelligence Badge
*All information is deemed reliable but not guaranteed.
Does any data look off? Help us improve Crexi by offering your feedback!
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591