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Restaurant with Bar and Patio
For Sale
Under Contract
$204,900

N11582 Black River Road, Ironwood, MI 49938

COM/IND/BUS OPP, Ironwood, MI

Property Size1,952 SF
Lot Size1.95 Acres
Price / SF$104.97
Days on Market1011

Property Features for N11582 Black River Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Patio and Porch features Patio
Exterior features Deck/Patio, Wheelchair Access
Accessibility Accessible Approach with Ramp
Lot features Rural
Subdivision Ironwood Twp (27005)
Standard status Active Under Contract
Size 1,952 SF
Lot size 1.95 Acres

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 4041

Utilities

Heating system Forced Air
Cooling system Wall/Window Unit(s)
Water source Private, Well

Building Details

Year built 1970
Roof type Shingle, Asphalt
Listing Agency: FIRST WEBER, INC
Listed By: TAMMY KAURANEN · License #6506047069
Added: Dec 1, 2023 Changed: Sep 6 Last Checked: Sep 7 at 6:06PM
MLS# 50128987

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This operational restaurant occupies 1,952 square feet on a 1.95-acre site in Ironwood, Michigan. The property includes a substantial bar area, interior seating for diners, and an exterior patio suited to outdoor dining. A partial log-frame design contributes a distinctive rustic character, while wheelchair access is provided through an accessible approach with ramp.

The restaurant is positioned near Powderhorn Ski Hill and is identified at N11582 Black River Road. Building systems include forced-air heating, wall/window unit cooling, a shingle and asphalt roof, and private well water. The property carries Commercial zoning and was built in 1970.

Key Highlights

  • Operational restaurant with 1,952 square feet of building area
  • 1.95‑acre site in Ironwood, MI
  • Large bar area and interior dining space

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Restaurant HVAC Service (Bike/Boat/Book/etc) Store Accounting Firm Nursing Home Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

48
Businesses Nearby

Demographics for 49938, MI

7,340
Population
4,728
Households
1.6
Avg Household Size
49
Median Age
23%
College-Educated
95%
High-School Grad
225.6 sq mi
ZIP Area
33
Density / Sq Mi
$44,379
Median Household Income
$34,553
Median Earnings
$590
Median Rent
$95,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Commercially zoned restaurant with accessible entry and outdoor dining area.
Where is this conventional restaurant located?
The property is located at N11582 Black River Road Ironwood, MI.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Operational restaurant with 1,952 square feet of building area; 1.95‑acre site in Ironwood, MI; Large bar area and interior dining space
More about this property
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