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106 Cloverland Dr Ironwood, MI 49938

Sponsored
For Sale
$200,000

Established Restaurant, Hwy US 2, High Profits

Property size:
1,406 SF

Description

Added:
Feb 3, 2025
Days on Market:
345
This exceptional turnkey restaurant opportunity in Ironwood, MI, presents a rare chance to acquire a well-established and profitable business. Located on the highly visible US Highway 2, this 1,406 square foot eatery boasts a rich history, having been owned and operated by the same individual for 25 years, building a loyal customer base and reputation for excellent cuisine. The restaurant comfortably seats 45 patrons and includes all necessary equipment and furnishings, allowing for immediate income generation. Recent updates ensure the property is in excellent condition and ready for a new owner. The ample parking lot provides convenient access for customers. Situated on a 0.41-acre lot, this property offers significant potential for continued growth and success. The current owner is retiring and is willing to provide support to ensure a smooth transition for the new owner, offering valuable assistance in establishing the business. Priced at $200,000, this is a truly exceptional opportunity for an experienced restaurateur or a savvy investor looking for a proven, profitable business with a strong track record. The turnkey nature of this sale, combined with the established reputation and prime location, makes this a highly attractive investment. Don't miss this chance to own a thriving restaurant in a desirable location.

Property Features for 106 Cloverland Dr

General Information

Property type
Investment properties
Square Feet
1,406 SF
Lot Size
17,860 SF

Building Details

Year Built
1950

Property Profile Location Intelligence

Current Use by Public Records

Mike's Restaurant American Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Ironwood
County
Gogebic
State
Michigan
Longitude
-90.1723
Latitude
46.46354

FAQs

What type of property is this?
Investment property - Established Restaurant, Hwy US 2, High Profits
Where is this investment property located?
The property is located at 106 Cloverland Dr Ironwood, MI.
What is the asking price?
The asking price for this property is $200,000.
More about this property
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