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 #43811 Show Phone

Added: Jun 13 Changed: Sep 7 Last Checked: Sep 24 at 2:06AM

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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 3,236-square-foot restaurant building dates to 1937 and includes a dining room, a distinct bar and lounge area, and a full basement. The interior features wainscoting, booth seating, and track lighting. The building has a brick exterior, rubber flat roofing, forced-air heat, and central air conditioning. Public water serves the property, and the layout retains infrastructure associated with restaurant operations.

Located at 202 W Genesee Street in Iron River, the property offers street parking and additional off-street parking through a parking lot. Its 0.08-acre site places the building within the commercial setting of Iron River, Michigan. The separate interior zones may support varied operating arrangements, subject to applicable requirements.

Key Highlights

• 3,236‑square‑foot restaurant building on a 0.08‑acre site
• Separate dining room and bar/lounge areas with booth seating
• Full basement provides additional storage space

Property Analytics

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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

348

Businesses Nearby

39k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 29% Apparel 10% Hotels & Casinos 5%

Holiday Station Store Shops & Services

12,410 visits/mo 0.1 miles

McDonald's Dining

11,498 visits/mo 0.4 miles

Dollar General Shops & Services

4,686 visits/mo 0.4 miles

Windsor Apparel

3,888 visits/mo 0.3 miles

Family Dollar Shops & Services

3,774 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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What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant-oriented building with separate dining and lounge areas, basement storage, and public utilities.

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: 3,236‑square‑foot restaurant building on a 0.08‑acre site; Separate dining room and bar/lounge areas with booth seating; Full basement provides additional storage space