205 Division St Ishpeming, MI 49849

This exceptional 3,737 sq ft industrial property in Ishpeming, MI, presents a lucrative investment opportunity. Situated on a 0.24-acre lot encompassing three city lots, it boasts a thriving bar and a separate three-bedroom, one-bathroom rental unit. The bar features a stage for live music, complete with a microphone and speaker system, enhancing its entertainment value. Multiple TV screens and pool tables, including one tournament-sized table, cater to diverse clientele. A fully equipped kitchen and two customer restrooms add to the bar's functionality. The upstairs rental unit includes a living room and an eat-in kitchen, providing additional income streams. A full basement offers ample storage for liquor, kegs, and an ice machine. Recent improvements include updated electrical and plumbing systems, new lighting, a newer roof, and a newly paved parking lot. The property also benefits from a comprehensive liquor license, including Sunday sales, entertainment permits, package sales, a food handler's license, and lottery sales. This well-maintained property offers a unique blend of commercial and residential income potential. The seller is open to considering a land contract. This is a rare chance to acquire a profitable and established business with significant upside in a desirable location.