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220 Main St Ishpeming, MI 49849

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For Sale
$499,900

Established Restaurant, 4 Apartments, High Income

Property size:
6,160 SF

Property Features for 220 Main St

General Information

Property type
Investment properties
Square Feet
6,160 SF
Lot Size
3,049 SF

Building Details

Year Built
1895

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Listing Contact
Fran Sevegney
Fran Sevegney

Listing Agency: RE/MAX 1ST REALTY Listing Agent: Fran Sevegney

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity in Ishpeming, MI, presents a thriving, well-established restaurant with a proven track record of success. Located at 220 S Main, the property boasts a substantial 6,160 square feet of space spread across multiple income-generating units. In addition to the main restaurant operation, the property includes four separate apartments, providing a significant additional revenue stream. A further retail space adds to the versatility and potential of this unique offering. The property sits on a conveniently sized 0.07-acre lot, offering ample space for operations and potential future expansion. The building's exterior underwent a complete renovation in 2012, encompassing a comprehensive update to the windows, siding, doors, and stonework, ensuring a modern and attractive faГ§ade. This turnkey operation presents a rare chance to acquire a multi-faceted commercial property with established income and significant upside potential. The combination of a successful restaurant and multiple rental units offers a diversified investment strategy, minimizing risk and maximizing returns. The property's prime location on S Main in Ishpeming ensures high visibility and accessibility, attracting both local residents and tourists. This is an ideal opportunity for an investor seeking a stable and profitable venture in a desirable Michigan community. The asking price for this remarkable property is $499,900.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Investment properties

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Ishpeming
County
Marquette
State
Michigan
Longitude
-87.66914
Latitude
46.48874

FAQs

What type of property is this?
Investment property - Established Restaurant, 4 Apartments, High Income
Where is this investment property located?
The property is located at 220 Main St Ishpeming, MI.
What is the asking price?
The asking price for this property is $499,900.
More about this property
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