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Mixed-Use Property with Piano Bar
For Sale
Contact for pricing
Pending

304 Suffolk St, Ironwood, MI 49938

Downtown mixed-use building with a transferable Class C liquor license and two income-producing apartments.

Property SizeContact for details
Days on Market142

Property Features for 304 Suffolk St

General Information

Standard status Pending
Property subtype Special Purpose

Units

Unit Mix 1 x 1BR, 1 x 2BR
Multifamily Units 2

Additional Details

Business Included Yes

Building Details

Buildings 1
Tenancy Multi
Listing Agency: CENTURY 21 Burkett & Associates
Listed By: Cliff Kolinsky · License #WI
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 10:07PM

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 CENTURY 21 Burkett & Associates

Investment Insights

Based on property information with market context.

This mixed-use property combines an operating piano bar with two residential apartments in a historic downtown building. The commercial space is currently operated as V’s Piano Bar and includes a fully transferable Class C liquor license. The building’s history dates to 1887, when Fredrick Miller of Miller Brewing Co. first opened the bar.

The two apartments provide a one-bedroom and a two-bedroom layout. Apartment 1 received kitchen and bathroom renovations in 2020, while Apartment 2 has a renovated bathroom and new flooring completed in 2021. Additional improvements include updated electrical and plumbing systems throughout the building. The property is located at 304 Suffolk St in Ironwood, Michigan.

Key Highlights

  • Mixed‑use building with an operating piano bar
  • Fully transferable Class C liquor license
  • Two apartments: one 1‑bedroom and one 2‑bedroom

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Skin Care Clinic Carpet & Flooring Store

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

2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

447
Businesses Nearby

Demographics for 49938, MI

7,340
Population
4,728
Households
1.6
Avg Household Size
49
Median Age
23%
College-Educated
95%
High-School Grad
225.6 sq mi
ZIP Area
33
Density / Sq Mi
$44,379
Median Household Income
$34,553
Median Earnings
$590
Median Rent
$95,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown mixed-use building with a transferable Class C liquor license and two income-producing apartments.
Where is this mixed-use property located?
The property is located at 304 Suffolk St Ironwood, MI.
What are key features of this property?
This property features: Mixed‑use building with an operating piano bar; Fully transferable Class C liquor license; Two apartments: one 1‑bedroom and one 2‑bedroom
More about this property
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