Operating Restaurant with
New
For Sale
$585,000
207 E Pearl, Ishpeming, MI 49849
The sale combines an active restaurant business with its building, lot, operating assets, and Class C liquor license.
Property SizeContact for details
Days on Market2
Property Features for 207 E Pearl
General Information
Standard status
Active
Property subtype
Mixed Use
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1903
Listing Agency:
COLDWELL BANKER SCHMIDT REALTORS
Listed By:
Scott Syrjala · License #6501436518
(906) 361-1858
Source:
Cbcworldwide
Added: Sep 26
Last Checked: Sep 26 at 2:33PM
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 COLDWELL BANKER SCHMIDT REALTORS
Investment Insights
Based on property information with market context.
Mama Mia’s is an operating Italian restaurant offered with its business and real estate at 207 E Pearl in Ishpeming. The sale includes the building and lot, equipment, inventory, supplies, POS system, Class C liquor license, recipes, brand, goodwill, and customer base. The building dates to 1903, and the business has operated since 1981.
Recent work includes installation of a new HVAC system in the back dining room and a water heater installed in February 2026. Catering is an area identified for possible business expansion; it has not been a primary focus of current ownership.
Recent work includes installation of a new HVAC system in the back dining room and a water heater installed in February 2026. Catering is an area identified for possible business expansion; it has not been a primary focus of current ownership.
Key Highlights
- Restaurant business and real estate offered together at 207 E Pearl, Ishpeming
- Operating Italian restaurant established in 1981
- Sale includes equipment, inventory, supplies, and POS system
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Jim's Jubilee Foods
Groceries
2,387 visits/mo
0.2 miles
Demographics for 49849, MI
11,819
Population
5,915
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
241.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,425
Median Household Income
$35,081
Median Earnings
$769
Median Rent
$145,600
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?
Conventional restaurant - The sale combines an active restaurant business with its building, lot, operating assets, and Class C liquor license.
Where is this conventional restaurant located?
The property is located at 207 E Pearl Ishpeming, MI.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Restaurant business and real estate offered together at 207 E Pearl, Ishpeming; Operating Italian restaurant established in 1981; Sale includes equipment, inventory, supplies, and POS system
