Building Details

Year built 1937

Roof type Rubber, Flat

Listing Agency: KELLER WILLIAMS CLASSIC REALTY NW · Keller Williams Realty Show Phone

Listed By: NICOLE HEBERT · License #UPAR Show Phone

Added: Jun 13 Changed: Aug 4 Last Checked: Aug 9 at 8:06AM

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MLS# 50212085

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 restaurant building is built on a former food-service layout and infrastructure, including a spacious main dining room with wainscoting and natural light, plus a separate bar and lounge area with booth seating and track lighting. The built-in zoning between dining and bar/lounge supports flexible operating models, including split-tenant concepts or phased activation by a single operator.

The property features a brick exterior and is located at 202 W Genesee Street in Iron River, MI. Street parking is available out front, with additional parking in the surrounding area and off-street parking on a parking lot. A full large basement provides substantial storage and operational space.

On-site systems include forced-air heating and central air cooling. Public water service is available, and the roof is listed as rubber/flat. The building was constructed in 1937.

Key Highlights

• Former restaurant layout with a separate main dining room and bar/lounge area
• Brick exterior in downtown Iron River with street parking out front
• Full large basement for storage and operational support

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Dental Office (Bike/Boat/Book/etc) Store Furniture & Home Goods Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$0.83 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

315

Businesses Nearby

28k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 78% Apparel 14% Hotels & Casinos 8%

Holiday Station Store Shops & Services

12,410 visits/mo 0.3 miles

Dollar General Shops & Services

4,686 visits/mo 0.3 miles

Windsor Apparel

3,888 visits/mo 0.1 miles

Family Dollar Shops & Services

3,774 visits/mo 0.2 miles

AmericInn of Iron River MI Hotels & Casinos

2,087 visits/mo 0.3 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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Former restaurant space with separate dining and bar/lounge areas, central air, and street plus off-street parking.

Where is this conventional restaurant located?

The property is located at 202 W Genesee Street Iron River, MI.

What is the lease rate?

The lease rate is $1,500/Mo.

What are key features of this property?

This property features: Former restaurant layout with a separate main dining room and bar/lounge area; Brick exterior in downtown Iron River with street parking out front; Full large basement for storage and operational support