Turnkey Restaurant and Bar
For Sale
$199,000
130 WASHINGTON AVE, Iron River, MI 49935
Ready-to-operate restaurant and bar with a full basement, remodeled kitchen, and included equipment for immediate service.
Property Size2,923 SF
Price / SF$68.08
Days on Market210
Property Features for 130 WASHINGTON AVE
General Information
Standard status
Active
Size
2,923 SF
Property subtype
Business Opportunities
Restaurant
Commercial Hood
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
Central Air
3
Shingle
170120
Building Details
Year Built
1932
Listing Agency:
KELLER WILLIAMS CLASSIC REALTY NW
(906) 284-0216
Listed By:
NICOLE HEBERT · License #UPAR
(906) 284-0216
Source:
Xome
Added: Jan 11
Changed: Aug 8
Last Checked: Aug 8 at 3:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS CLASSIC REALTY NW
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar building totals 2,923 square feet and includes a full basement. The property previously operated as “Liminal” and includes a Michigan liquor license. Recent improvements include a fully remodeled commercial kitchen, new plumbing, updated electrical, new forced-air heating, a newer roof (2018), new concrete flooring, renovated bathrooms, and fresh interior and exterior paint, along with a 10' Captivaire vent hood.
The sale includes a complete lineup of commercial equipment, including a stove, fryers, prep tables, a walk-in cooler and freezer, beer coolers, and a POS system, along with a salad bar and additional items. Behind the building, there is a separate residence with four bedrooms (two down and two up) and additional room on the third floor.
The property is located near snowmobile and outdoor recreation trails and includes four lots. The offering presents an option to own the building and operate the restaurant and bar, or to use the residence for live-on-site needs and/or separate income.
The sale includes a complete lineup of commercial equipment, including a stove, fryers, prep tables, a walk-in cooler and freezer, beer coolers, and a POS system, along with a salad bar and additional items. Behind the building, there is a separate residence with four bedrooms (two down and two up) and additional room on the third floor.
The property is located near snowmobile and outdoor recreation trails and includes four lots. The offering presents an option to own the building and operate the restaurant and bar, or to use the residence for live-on-site needs and/or separate income.
Key Highlights
- 2923 SF commercial restaurant and bar with a full basement (year built 1932)
- Michigan liquor license included with the sale
- Fully remodeled commercial kitchen plus a premium 10' Captivaire vent hood
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 34%
Home Improvements & Furnishings 22%
Hotels & Casinos 6%
Holiday Station Store
Shops & Services
12,410 visits/mo
0.5 miles
McDonald's
Dining
11,498 visits/mo
0.4 miles
Bigari Ace Hardware
Home Improvements & Furnishings
7,427 visits/mo
0.5 miles
AmericInn of Iron River MI
Hotels & Casinos
2,087 visits/mo
0.4 miles
Carquest Auto Parts - Iron River Auto Supply
Shops & Services
830 visits/mo
0.4 miles
Demographics for 49935, MI
5,952
Population
4,610
Households
1.3
Avg Household Size
51
Median Age
20%
College-Educated
93%
High-School Grad
457.0 sq mi
ZIP Area
13
Density / Sq Mi
$52,254
Median Household Income
$38,052
Median Earnings
$445
Median Rent
$103,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ready-to-operate restaurant and bar with a full basement, remodeled kitchen, and included equipment for immediate service.
Where is this conventional restaurant located?
The property is located at 130 WASHINGTON AVE Iron River, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2923 SF commercial restaurant and bar with a full basement (year built 1932); Michigan liquor license included with the sale; Fully remodeled commercial kitchen plus a premium 10' Captivaire vent hood
