Restaurant and Bar with Full
For Sale
$199,000
130 Washington Avenue, Iron River, MI 49935
COMMERCIAL - Iron River, MI
Property Size2,923 SF
Lot Size0.45 Acres
Price / SF$68.08
Days on Market221
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
Exhaust Fan (Cooling), Central Air
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 #UPAR
(906) 284-0216
Added: Jan 12
Changed: Aug 15
Last Checked: Aug 21 at 1:06AM
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 2923 SF restaurant and bar includes a full basement and a Michigan liquor license. The commercial kitchen is fully remodeled with a Captivaire 10' vent hood, and the sale includes a lineup of restaurant equipment such as stove, fryers, prep tables, walk-in cooler and freezer, beer coolers, a POS system, and a salad bar.
The property also includes extensive recent updates: new plumbing, updated electrical, new forced-air heating, newer roof (2018), new concrete flooring, renovated bathrooms, and fresh interior and exterior paint. Heating is forced air, and cooling includes central air plus an exhaust fan.
Behind the building is a separate residence with 4 bedrooms (2 down, 2 up), with additional space on the third floor. Water source is public, and the roof is shingle. There are 4 lots included with the property.
The property also includes extensive recent updates: new plumbing, updated electrical, new forced-air heating, newer roof (2018), new concrete flooring, renovated bathrooms, and fresh interior and exterior paint. Heating is forced air, and cooling includes central air plus an exhaust fan.
Behind the building is a separate residence with 4 bedrooms (2 down, 2 up), with additional space on the third floor. Water source is public, and the roof is shingle. There are 4 lots included with the property.
Key Highlights
- 2923 SF restaurant and bar with full basement
- Michigan liquor license included
- Fully remodeled commercial kitchen with premium 10' Captivaire vent hood
Property Analytics
Property Profile
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 - 2923 SF restaurant and bar with full basement, Michigan liquor license, and extensive upgrades including a commercial kitchen and HVAC.
Where is this conventional restaurant 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: 2923 SF restaurant and bar with full basement; Michigan liquor license included; Fully remodeled commercial kitchen with premium 10' Captivaire vent hood
