Mixed-Use Property with
For Sale
$199,000
130 Washington Avenue, Iron River, MI 49935
COM/IND/BUS OPP, Iron River, MI
Property Size2,923 SF
Lot Size0.45 Acres
Price / SF$68.08
Days on Market244
Property Features for 130 Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Main Street, Rural, Cleared
Subdivision
Iron River (36010)
Standard status
Active
Size
2,923 SF
Lot size
0.45 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air, Exhaust Fan (Cooling)
Water source
Public
Building Details
Year built
1932
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS CLASSIC REALTY NW · Keller Williams Realty
(906) 284-7249
Listed By:
NICOLE HEBERT · License #43811
(906) 284-0216
Added: Jan 12
Changed: Sep 13
Last Checked: Sep 13 at 6:06PM
MLS# 50197464
Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,923-square-foot mixed-use property combines a commercial restaurant and bar with a separate residence and full basement. The business area includes a remodeled kitchen, renovated bathrooms, new concrete flooring, updated plumbing and electrical systems, forced-air heating, and a 10-foot Captivaire vent hood. Included equipment encompasses a stove, fryers, prep tables, walk-in cooler and freezer, beer coolers, POS system, salad bar, and additional commercial fixtures. A Michigan liquor license is also included.
The residence contains four bedrooms, with two on the main lower level and two upstairs, plus additional third-floor space. The home may accommodate owner occupancy or rental use, subject to applicable requirements. The property includes four lots and is situated near snowmobile and outdoor recreation trails in Iron County. The building dates to 1932, with a shingle roof installed in 2018.
The residence contains four bedrooms, with two on the main lower level and two upstairs, plus additional third-floor space. The home may accommodate owner occupancy or rental use, subject to applicable requirements. The property includes four lots and is situated near snowmobile and outdoor recreation trails in Iron County. The building dates to 1932, with a shingle roof installed in 2018.
Key Highlights
- 2,923‑square‑foot restaurant and bar with full basement
- Separate residence with 4 bedrooms and additional third‑floor space
- Michigan liquor license included with the sale
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
Explore this area
Business Placement
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial kitchen, bar facilities, and a separate residence support combined business and living use.
Where is this mixed-use property located?
The property is located at 130 Washington Avenue 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‑square‑foot restaurant and bar with full basement; Separate residence with 4 bedrooms and additional third‑floor space; Michigan liquor license included with the sale
