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205 Division St Ishpeming, MI 49849

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For Sale
$219,900

Profitable Bar & Rental, Updated Systems

Property size:
3,737 SF

Property Features for 205 Division St

General Information

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

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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 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 Profile Insight Report Location Intelligence

Current Use by Public Records

Royal Pub Bar & Pub

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
-87.66742
Latitude
46.48879

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.
More about this property
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