Mixed-Use Property With Restaurant
For Sale
$199,000
130 WASHINGTON AVE, Iron River, MI 49935
Restaurant and bar improvements are paired with a separate four-bedroom residence and onsite commercial kitchen equipment.
Property Size2,923 SF
Price / SF$68.08
Days on Market243
Property Features for 130 WASHINGTON AVE
General Information
Standard status
Active
Size
2,923 SF
Property subtype
Business Opportunities
Restaurant
Commercial Hood
Yes
Equipment Included
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
Listed By:
NICOLE HEBERT · License #43811
(906) 284-0216
Source:
Xome
Added: Jan 10
Changed: Sep 9
Last Checked: Sep 10 at 5:48AM
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 2,923-square-foot mixed-use property combines a restaurant and bar with a separate residence behind the commercial building. The restaurant component includes a full commercial kitchen, dining and service areas, bathrooms, a basement, and a 10-foot Captivaire vent hood. Included equipment consists of a stove, fryers, prep tables, walk-in cooler and freezer, beer coolers, POS system, and salad bar.
Recent property improvements include updated plumbing and electrical systems, forced-air heating, concrete flooring, interior and exterior painting, renovated bathrooms, and a roof dated 2018. The residence contains four bedrooms, with two on the lower level and two upstairs, plus additional third-floor space. The property includes four lots and a Michigan liquor license. Its address is 130 Washington Ave in Iron River, Michigan, near snowmobile and outdoor recreation trails.
Recent property improvements include updated plumbing and electrical systems, forced-air heating, concrete flooring, interior and exterior painting, renovated bathrooms, and a roof dated 2018. The residence contains four bedrooms, with two on the lower level and two upstairs, plus additional third-floor space. The property includes four lots and a Michigan liquor license. Its address is 130 Washington Ave in Iron River, Michigan, near snowmobile and outdoor recreation trails.
Key Highlights
- 2,923 SF mixed‑use property with restaurant and bar space
- Separate residence with 4 bedrooms: 2 downstairs and 2 upstairs
- Full commercial kitchen with 10' Captivaire vent hood
Property Analytics
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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
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and bar improvements are paired with a separate four-bedroom residence and onsite commercial kitchen equipment.
Where is this mixed-use property 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: 2,923 SF mixed‑use property with restaurant and bar space; Separate residence with 4 bedrooms: 2 downstairs and 2 upstairs; Full commercial kitchen with 10' Captivaire vent hood
