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    N11582 Black River Rd Ironwood, MI 49938

    Sponsored
    For Sale
    $229,999

    Established Restaurant, Ski Area Proximity, High Traffic

    Property size:
    1,952 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This thriving restaurant in Ironwood, Michigan, presents a unique turnkey business opportunity. Located at N11582 Black River, the 1,952 square foot establishment sits on a 1.95-acre lot and is priced at $229,999. The property boasts a spacious interior with ample seating to accommodate diverse group sizes, from intimate dinners to larger gatherings. A substantial bar area is ideal for hosting social events and happy hours, contributing to a vibrant atmosphere. An outdoor patio provides additional seating, perfect for enjoying meals during warmer months. Its strategic location near Powderhorn Ski Hill ensures a consistent influx of customers, particularly during the peak ski season. The restaurant's partial log frame construction adds to its rustic charm and appeals to a broad customer base. The existing loyal clientele guarantees a steady stream of revenue throughout the year, making this a compelling investment for both seasoned restaurateurs and aspiring entrepreneurs. This well-established business is ready for a new owner to continue its success.

    Property Features for N11582 Black River Rd

    General Information

    Property type
    Investment properties
    Square Feet
    1,952 SF
    Lot Size
    84,942 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Clothing Store Accounting Firm Hotel & Motel HVAC Service Smoke and Vape Shop Nursing Home Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Ironwood
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.09667
    Latitude
    46.52065

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    FAQs

    What type of property is this?
    Investment property - Established Restaurant, Ski Area Proximity, High Traffic
    Where is this investment property located?
    The property is located at N11582 Black River Rd Ironwood, MI.
    What is the asking price?
    The asking price for this property is $229,999.
    (906) 667-6366
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    N11582 Black River Rd Ironwood, MI 49938
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    Ironwood, MI 49938
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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
    N11582 Black River Rd Ironwood, MI 49938
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