Ironwood, MI Conventional restaurants for sale

Updated: Apr 7, 2021

Turnkey 45-Seat Restaurant

106 E Cloverland Drive, Ironwood, MI 49938

$200,000

1,406 sqft 0.41 AC lot

45‑seat turnkey restaurant with equipment and furnishings included
1,406 square feet on a 0.41‑acre lot
Located on US 2 at 106 E Cloverland Drive in Ironwood
Built in 1950 with hot water heating
Cooling includes ceiling fans, exhaust fan, and wall/window units

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106 E Cloverland Drive, Ironwood, MI 49938

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$16K
Annual
Price @ 7% Cap

$223K
Above asking

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Updated: Jun 30

Historic Short-Term Rental Property

400 Silver Street, Ironwood, MI 49938

$199,000

2,862 sqft 0.15 AC lot

2,862 square feet on a 0.15‑acre site
Built in 1886 with updated interior spaces
7 bedrooms, including 1 walk‑through bedroom
2 kitchens, 3 living room spaces, 2 full baths, and 2 1/2 baths
Spacious bar area with original tin walls and ceiling

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Bar and Pub with Patio

N11582 Black River Road, Ironwood, MI 49938

$204,900

1,952 sqft 1.95 AC lot

Operating hospitality property with a substantial bar area, dining space, outdoor patio, and wheelchair-accessible entry.

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Bar and Pub with Upstairs Apartment

204 W Aurora Street, Ironwood, MI 49938

$269,000

2,304 sqft

Two-story commercial property combines bar operations with an upstairs residential unit and event space.

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Conventional Restaurant with Patio

N11582 Black River Rd, Ironwood, MI 49938

$204,900

1,952 sqft

Operating dining property with bar service, group seating, and an outdoor patio near Powderhorn Ski Hill.

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Turn-Key Restaurant with Seating

106 E Cloverland Drive, Ironwood, MI 49938

$200,000

1,406 sqft

Turn-key restaurant offering seating for 45, included equipment and furnishings, and plenty of parking near US 2.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Ironwood, 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 with Outdoor Event Venue

5234 HWY 51, Mercer, WI 54547

$675,000

0.56 AC lot

Restaurant property includes bar operations, outdoor service areas, public restrooms, and direct access to snowmobile and ATV trails.

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Restaurant with Living Quarters

6622 HWY 2 W, Hurley, WI 54534

$524,900

1.05 AC lot

Established restaurant property includes a fully equipped kitchen, bar, dining room, and on-site residential space.

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Turnkey Restaurant with Four-Bedroom Quarters

6622 W US 2 Highway, Hurley, WI 54534

$524,900

3,875 sqft 1.05 AC lot

Restaurant with front covered porch, handicap access, and on-site living quarters with four bedrooms and two full baths.

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Mercer Restaurant and Bar Opportunity

1711 Us Highway 51, Mercer, WI 54547

$348,500

Iconic restaurant/bar with high traffic and trail access in Mercer.

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Ironwood, MI Conventional Restaurants Market Trends and Statistics

Explore 6 conventional restaurants for sale in Ironwood, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 11,882 square feet of properties for sale, with an estimated market value of $1,277,800.

Sale prices for conventional restaurants in Ironwood, MI start at $199,000, averaging $212,966, and reaching up to $269,000 — 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
49938	$184.7K

Neighborhood

Average Price

49938

$184.7K