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    Ishpeming, MI Conventional Restaurants for Sale

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    Negaunee, MI Palmer, MI Champion, MI
    Established Restaurant in Downtown Ishpeming
    $614,900
    2,790 SF
    Established Restaurant in Downtown Ishpeming

    207 E Pearl Street, Ishpeming, MI 49849

    Turn-key Italian restaurant with real property and liquor license.
    • 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.
    Updated: Aug 5, 2024
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    Established Italian Restaurant in Ishpeming
    $614,900
    2,790 SF
    Established Italian Restaurant in Ishpeming

    207 E Pearl, Ishpeming, MI 49849

    Turn-key Italian restaurant for sale in downtown Ishpeming.
    • 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.
    Updated: Aug 4, 2024
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ishpeming, 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.

    Turnkey Restaurant & Bar Opportunity
    $299,000
    2,923 SF
    Turnkey Restaurant & Bar Opportunity

    Ready-to-operate restaurant and bar with living quarters in Iron River.

    130 Washington Avenue, Iron River, MI 49935

    View details
    Historic Brick Commercial Building
    $72,500
    8,084 SF
    Historic Brick Commercial Building

    Two-story historic building with utilities in place, parking, and alley-access drive-in garage area for flexible commercial use.

    208 Cherry Street, Iron River, MI 49935

    View details
    Established Restaurant on US Highway
    $649,900
    6,300 SF
    Established Restaurant on US Highway

    Iconic restaurant with loyal customer base on busy highway.

    695 US-2, Florence, WI 54121

    View details
    Established Restaurant & Bar Opportunity
    $150,000
    4,030 SF
    Established Restaurant & Bar Opportunity

    Restaurant and bar with equipment, seating, and parking included.

    508 CENTRAL AVENUE, Florence, WI 54121

    View details

    Ishpeming, MI Conventional Restaurants Investment Opportunities Market Analysis

    Explore 2 conventional restaurants for sale in Ishpeming, MI on our real estate platform. These investment opportunities span a total of 5,580 square feet of properties for sale, with an estimated market value of $1,229,800.

    Sale prices for conventional restaurants in Ishpeming, MI start at $614,900, averaging $614,900, and reaching up to $614,900 — 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 2

    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 $614.9K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Marquette County

    Retail

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