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    321 W Genesee St Iron River, MI 49935

    For Sale
    $295,000

    Business - Iron River, MI

    Type:Business
    Property size:
    2,300 SF
    Lot size:
    0.08 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 321 W Genesee St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    054-121-006-00
    Parking features
    Parking Lot
    Patio and Porch features
    Patio, Deck
    Interior features
    Alley, Cable TV Available, Cafe/Kitchen, Carpet, Internet Available, Electric Available, Fixtures, Furniture, Gas Available, Outside Storage, Public Restrooms, Restroom(s), Sidewalks, Sprinkler System, Telephone, Smoke/Fire Alarm
    Exterior features
    Alley, Outside Storage, Deck/Patio, Outdoor Kitchen
    Size
    2,300 SF
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Cable Available, Electricity Available, Phone Available
    Heating system
    Forced Air
    Cooling system
    Wall/Window Unit(s)

    Building Details

    Year built
    1900
    Flooring type
    Carpet
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Outdoor Kitchen, Storage

    KELLER WILLIAMS CLASSIC REALTY NM (763) 463-7500

    Listing agent NICOLE HEBERT (763) 463-7500

    Listing date Aug 19, 2025

    MLS# 50116379 Listing URL

    Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant on Main Street

    This restaurant, located on Main Street, benefits from significant visibility and pedestrian activity. It has an established reputation and a loyal customer base. The fully equipped kitchen allows for a smooth transition for new ownership. The restaurant has a seating capacity estimated around 90 people. There is also an outdoor dining/enclosed kitchen area and storage. The seller currently utilizes this area for Back Alley BBQ's and to host fundraising events. The property is located in Iron River, and the community supports local businesses. The building size is 2300 square feet and the lot size is 0.08 acres. The property is zoned commercial. The restaurant presents opportunities to expand its menu, catering services, or event hosting capabilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Main Street Cafe Breakfast Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.642159
    Latitude
    46.091232

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant with high visibility and loyal customer base.
    Where is this restaurant located?
    The property is located at 321 W Genesee St Iron River, MI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - High visibility location on Main Street with substantial foot traffic.; - Established restaurant with a loyal customer base and solid reputation.; - Fully equipped kitchen for easy transition and immediate operation.
    (763) 463-7500
    Request Owner's contact information
    321 W Genesee St Iron River, MI 49935
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    Iron River, MI 49935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 W Genesee St Iron River, MI 49935
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