Iron Mountain, MI Conventional restaurants for sale

Updated: Apr 23

Drive-Through Restaurant Building

701 N Stephenson Avenue, Iron Mountain, MI 49801

$550,000

3,124 sqft 0.15 AC lot

Two commercial buildings with Main Street and Highway US2 frontage
Drive‑through capability plus off‑street parking lot
Central air and forced air heating
Commercial freezer and 200 amp electric service
Full basement with vaulted tongue and groove ceilings

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701 N Stephenson Avenue, Iron Mountain, MI 49801

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Est. Cap Rate

6.3%
Above avg (5.9%)
Est. NOI

$35K
Annual
Price @ 7% Cap

$496K
Suggested

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Updated: Mar 2

Turnkey Bar and Restaurant

207 E Hughitt Street, Iron Mountain, MI 49801

$550,000

4,680 sqft 0.13 AC lot

100% Turnkey Operation: Fully equipped premium kitchen and bar included for immediate revenue generation.
Prime Location: Situated in the high‑traffic heart of the historic district with excellent visibility.
Substantial Size: Nearly 4,700 sq ft, providing ample space for high‑volume service.
Ample Parking: Convenient parking for customers.
Established Business: Includes a loyal, built‑in customer base.

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Leased Restaurant Property

1600 S Stephenson Avenue, Iron Mountain, MI 49801

$495,000

2,528 sqft 0.66 AC lot

Restaurant property in commercial zoning, currently leased to a national chain pizza company.

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Turnkey Bar and Restaurant

Iron Mountain, MI 49801

$550,000

4,700 sqft

Turnkey bar and restaurant offering kitchen and bar equipment included, with ample parking and efficient floorplan.

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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Iron Mountain, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Restaurant and Bar with Bowling Lanes

616 Main Street, Norway, MI 49870

$350,000

9,132 sqft 0.24 AC lot

Restaurant and bar offering daily specials, with bowling lanes still installed in the building.

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Restaurant and Bar with Bowling Lanes

616 Main St, Norway, MI 49870

$350,000

Operating restaurant and bar with a full bar and bowling lanes still installed within the building.

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El Capitan Supper Club - Florence, WI

695 Us2 Hwy, Florence, WI 54121

$649,900

6,300 sqft 0.91 AC lot

Iconic supper club with loyal customer base for sale.

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Bar and Restaurant Building

5050 Keyes Lake Drive, Florence, WI 54121

Contact for pricing

3,050 sqft

Bar/restaurant space with approximately 3,050 SF and on-site paved parking.

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Iron Mountain, MI Conventional Restaurants Market Trends and Statistics

Explore 4 conventional restaurants for sale in Iron Mountain, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 15,032 square feet of properties for sale, with an estimated market value of $2,145,000.

Sale prices for conventional restaurants in Iron Mountain, MI start at $495,000, averaging $536,250, and reaching up to $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49801	$536.3K

Neighborhood

Average Price

49801

$536.3K