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Ishpeming, MI

Ishpeming, MI Commercial Real Estate for Sale

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Negaunee, MI Palmer, MI Champion, MI

11 properties

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Established Italian Restaurant in Ishpeming

Updated: Jul 28, 2024

Established Italian Restaurant in Ishpeming

207 E Pearl, Ishpeming, MI 49849

$614,900

2,790 sqft

Established, Profitable Restaurant: Turn‑key operation with a long‑standing reputation and loyal customer base.
Prime Location: Situated in the heart of downtown Ishpeming, attracting both tourists and locals.
Complete Package: Includes real property (building and lot), business, inventory, supplies, POS system, and Class C Liquor License.
Authentic Italian Recipes: Sale includes closely held, authentic Italian recipes, a key element of the restaurant's success.
Recent Upgrades: Features a brand new HVAC system in the back dining room and a new water heater installed 2/26.

This listing looks promising.

Here's a quick look at some key insights for

207 E Pearl, Ishpeming, MI 49849

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Est. Cap Rate

6.3%
Above avg (5.9%)
Est. NOI

$39K
Annual
Price @ 7% Cap

$552K
Suggested

View Property Analytics

Established Restaurant in Downtown Ishpeming

Updated: Aug 5, 2024

Established Restaurant in Downtown Ishpeming

207 E Pearl Street, Ishpeming, MI 49849

$614,900

2,790 sqft · 0.12 AC lot

Turn‑key, established Italian restaurant business (Mama Mias) with real property, inventory, and Class C Liquor License included in sale.
Long‑held, authentic Italian recipes included, a key element of the restaurant's established reputation.
Prime downtown Ishpeming location attracts a diverse customer base year‑round (tourists, snowmobilers, locals).
Recent upgrades: Brand new HVAC in back dining room and new water heater installed 2/26.
Building includes central air, humidity control, and zoned forced air heating.

Mixed-Use Commercial Space in Ishpeming

Mixed-Use Commercial Space in Ishpeming

1790 Ash St, Ishpeming, MI 49849

$325,000

0.85 AC lot

Retail, office, and warehouse space near US HWY 41.

Country Village Office/Studio Investment

Country Village Office/Studio Investment

1000 Country Ln, Ishpeming, MI 49849

$650,000

6,336 sqft

Well-maintained, fully rented office/studio space in Ishpeming.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Versatile Commercial Building in Ishpeming

Versatile Commercial Building in Ishpeming

536 Mather Ave, Ishpeming, MI 49849

$195,000

6,450 sqft

Adaptable commercial building with garage space in Ishpeming, Michigan.

Retail and Office Space Available

Retail and Office Space Available

1790 Ash St, Ishpeming, MI 49849

$325,000

0.85 AC lot

Commercial space with retail, office, and storage potential.

Versatile Commercial Building in Business District

Versatile Commercial Building in Business District

1120 Country Lane, Ishpeming, MI 49849

$379,900

11,170 sqft

Large building suitable for retail or office in busy district.

Downtown Ishpeming Mixed-Use Investment

Downtown Ishpeming Mixed-Use Investment

200 E Division St, Ishpeming, MI 49849

$499,900

9,486 sqft

Commercial/residential building with storefronts and apartments in downtown Ishpeming.

Prime Land Near Highway

Prime Land Near Highway

US-41 Highway, Ishpeming, MI 49849

$150,000

21.00 AC lot

20+ acre commercial land parcel with highway frontage.

Established Restaurant with Income Potential

Established Restaurant with Income Potential

220 S Main, Ishpeming, MI 49849

$399,900

6,160 sqft

Restaurant with apartments and retail space for sale.

Commercial Building in Country Village

Commercial Building in Country Village

1120 Country, Ishpeming, MI 49849

$379,900

11,170 sqft

Large commercial building in a busy business district.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 11 Active listings in Ishpeming, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Palmer Multi-Use Commercial Opportunity

Palmer Multi-Use Commercial Opportunity

101 Kirkpatrick Avenue, Palmer, MI 49871

$345,000

5,200 sqft · 0.25 AC lot

Expansive property with business potential near Marquette, Michigan.

Palmer Commercial Property with Business Potential

Palmer Commercial Property with Business Potential

101 Kirkpatrick Avenue, Palmer, MI 49871

$345,000

5,200 sqft · 0.25 AC lot

Expansive property suitable for care, rental, or redevelopment.

Versatile Space in Downtown Negaunee

Versatile Space in Downtown Negaunee

401 Jackson Street, Negaunee, MI 49866

$200,000

10,932 sqft · 0.43 AC lot

Nearly 11,000 sq ft of versatile space in downtown Negaunee.

Versatile Space in Historic Downtown

Versatile Space in Historic Downtown

401 Jackson, Negaunee, MI 49866

$200,000

10,932 sqft

Nearly 11,000 sq ft of versatile space in Negaunee.

Off-Market Properties in Ishpeming, MI

Consider similar Off-Market properties in Ishpeming, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

105 1st St, Ishpeming, MI 49849-1855

Value Estimation by Request

1,820 sqft · 0.04 AC lot

COMMERCIAL (GENERAL)

873 Palms Ave, Ishpeming, MI 49849-1075

Value Estimation by Request

2,412 sqft · 0.37 AC lot

Ishpeming, MI 49849

COMMERCIAL (GENERAL)

Ishpeming, MI 49849

Value Estimation by Request

32,796 sqft · 3.18 AC lot

320 Division St

COMMERCIAL (GENERAL)

320 Division St, Ishpeming, MI 49849-2340

Value Estimation by Request

2,910 sqft · 0.09 AC lot

COMMERCIAL (GENERAL)

99 4th St, Ishpeming, MI 49849-2102

Value Estimation by Request

0.24 AC lot

VACANT COMMERCIAL LAND

213 1st St, Ishpeming, MI 49849-2003

Value Estimation by Request

0.03 AC lot

118 Division St

COMMERCIAL (GENERAL)

118 Division St, Ishpeming, MI 49849-2014

Value Estimation by Request

3,648 sqft · 0.05 AC lot

300 Division St

VACANT COMMERCIAL LAND

300 Division St, Ishpeming, MI 49849-2340

Value Estimation by Request

0.10 AC lot

208 Division St

COMMERCIAL (GENERAL)

208 Division St, Ishpeming, MI 49849-2010

Value Estimation by Request

3,800 sqft · 0.06 AC lot

COMMERCIAL (GENERAL)

123 Barnum St, Ishpeming, MI 49849-1914

Value Estimation by Request

3,594 sqft · 0.10 AC lot

VACANT COMMERCIAL LAND

117 Barnum St, Ishpeming, MI 49849-1914

Value Estimation by Request

0.14 AC lot

VACANT COMMERCIAL LAND

408 2nd St, Ishpeming, MI 49849-1547

Value Estimation by Request

0.03 AC lot

116 Division St

COMMERCIAL (GENERAL)

116 Division St, Ishpeming, MI 49849-2007

Value Estimation by Request

8,112 sqft · 0.11 AC lot

Ishpeming, MI Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Ishpeming, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 66,352 square feet of properties for sale, with an estimated market value of $5,687,400.

Sale prices for business properties in Ishpeming, MI start at $195,000, averaging $631,933, and reaching up to $1,953,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 12K

Population Growth (5Y) -2.1%

Median Household Income $63,425

College Educated 16.6%

High-Yield Neighborhoods for Investment

Identify Ishpeming submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49849	$420.9K

Taxes & Financing

Tax Rate (average for all types) 4.96%

Property Tax per SF $69.47 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marquette County

New Delisted

Total CRE Inventory on Market (SF)

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