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    205 Division St Ishpeming, MI 49849

    Sponsored
    For Sale
    $219,900

    Profitable Bar & Rental, Updated Systems

    Property size:
    3,737 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    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.

    Property Features for 205 Division St

    General Information

    Property type
    Industrial properties
    Square Feet
    3,737 SF
    Lot Size
    10,454 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Royal Pub Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ishpeming
    County
    Marquette
    State
    Michigan
    Longitude
    -87.66742
    Latitude
    46.48879

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    FAQs

    What type of property is this?
    Industrial property - Profitable Bar & Rental, Updated Systems
    Where is this industrial property located?
    The property is located at 205 Division St Ishpeming, MI.
    What is the asking price?
    The asking price for this property is $219,900.
    (906) 225-1136
    Request Owner's contact information
    205 Division St Ishpeming, MI 49849
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    Ishpeming, MI 49849
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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
    205 Division St Ishpeming, MI 49849
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