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    Ironwood, MI
    Conventional Restaurant

    Ironwood, MI Conventional Restaurants for Sale

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    Hurley, WI Bessemer, MI Montreal, WI Wakefield, MI Mercer, WI Winchester, WI Ontonagon, MI Mellen, WI
    Mixed-Use Building with Restaurant
    Updated: Aug 19
    Mixed-Use Building with Restaurant

    204 W Aurora Street, Ironwood, MI 49938

    $254,900
    2,304 sqft 0.09 AC lot
    Restaurant and bar space with newer commercial appliances and a live‑music stage
    Upper‑level two‑bedroom apartment
    Sale includes the business name, liquor license, appliances, and inventory
    2,304 square feet on a 0.09‑acre parcel
    Commercial zoning at 204 W Aurora Street in Ironwood
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    Restaurant with Bar and Patio
    Updated: Dec 1, 2023
    Restaurant with Bar and Patio

    N11582 Black River Road, Ironwood, MI 49938

    $204,900
    1,952 sqft 1.95 AC lot
    Operational restaurant with 1,952 square feet of building area
    1.95‑acre site in Ironwood, MI
    Large bar area and interior dining space
    Exterior patio for outdoor dining
    Near Powderhorn Ski Hill
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    Restaurant with Furnishings
    Restaurant with Furnishings

    106 E Cloverland Drive, Ironwood, MI 49938

    $225,000
    1,406 sqft 0.41 AC lot

    Established restaurant with included equipment, furnishings, and a dedicated dining area.

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    Turn-Key Restaurant with Seating
    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 8 Potential Opportunities for your consideration. Besides 4 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 Living Quarters
    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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    Northwoods Restaurant With Living Quarters
    Northwoods Restaurant With Living Quarters

    1711 HWY 51, Mercer, WI 54547

    $348,500
    0.92 AC lot

    Restaurant property includes a tiled bar, salad bar, dining areas, professional kitchen, garage, and two-bedroom living quarters.

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    Turnkey Restaurant with Four-Bedroom Quarters
    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
    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 4 conventional restaurants for sale in Ironwood, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,068 square feet of properties for sale, with an estimated market value of $884,800.

    Sale prices for conventional restaurants in Ironwood, MI start at $200,000, averaging $221,200, and reaching up to $254,900 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Bars & Pubs 2
    Commercial kitchens 1

    Demographics Overview

    Population 7,424
    Population Growth (5Y) -1.2%
    Median Household Income $44,379
    College Educated 32.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49938 $221.2K

    Taxes & Financing

    Tax Rate (average for all types) 5.37%
    Property Tax per SF $85.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gogebic County

    New Delisted

    Total CRE Inventory on Market (SF)

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