Bar and Restaurant with Gasoline
N7463 M95 Highway, Iron Mountain, MI 49801
For Sale
New
$449,900
COM/IND/BUS OPP, Iron Mountain, MI
Property Size3,339 SF
Lot Size9.67 Acres
Price / SF$134.74
Days on Market3
Property Features for N7463 M95 Highway
General Information
Property type
Property subtype
Zoning
Zoning description
Parking features
Lot features
Subdivision
Standard status
Size
Lot size
Tenancy & Operations
Real Estate Included
Business Included
Additional Details
Automotive Uses
Utilities
Heating system
Cooling system
Water source
Amenities
Full Basement
Pole Building
Building Details
Year built
Buildings
Listing Agency:
COLDWELL BANKER REAL ESTATE GROUP
(906) 774-1300
Listed By:
CARRIE TORETTA-PARTELLO · License MI #6501298751
(906) 396-4985
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 7:06AM
MLS# 50227373
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,339-square-foot bar and restaurant property includes a full basement and a 30-by-40-foot detached pole building. That outbuilding has heat, electricity, and access for oil changes. An antique quartersawn-oak bar with brass details dates to the late 1800s. The property also has forced-air heat, central air and wall/window cooling, a parking lot, and a private well.
The 9.67-acre site has highway frontage on M-95 and commercial zoning. Gasoline sales provide an additional operating component alongside the bar and restaurant use.
The 9.67-acre site has highway frontage on M-95 and commercial zoning. Gasoline sales provide an additional operating component alongside the bar and restaurant use.
Key Highlights
- 3,339‑square‑foot bar and restaurant property on 9.67 acres
- Highway frontage on M‑95; commercially zoned
- 30x40 detached pole building with heat, electricity, and oil‑changing access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,138
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,760
$742.8K
Cap Rate 7%
$530,543
$530.5K
Cap Rate 9%
$412,644
$412.6K
Market Conditions
NOI Build-Up for 3,339 SF
Gross rent
$51.7K $15.48/SF
− Vacancy
−$2.2K −$0.65/SF
EGI
$49.5K $14.83/SF
− OpEx
−$12.4K −$3.71/SF
NOI
$37.1K $11.12/SF
Area
Dickinson County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,760
Cap Rate 7%
$530,543
Cap Rate 9%
$412,644
Alternative Uses
Best Use
Specialty Retail
$530.5K
$464.2K – $619.0K
NOI $37,138 @ 7.0% cap · market cap 8.25%
Second Best
Retail
$430.3K
$376.5K – $502.1K
NOI $30,123 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$643.7K
$563.3K – $751.0K
NOI $45,062 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 49801, MI
11,479
Population
5,927
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
123.9 sq mi
ZIP Area
93
Density / Sq Mi
$62,461
Median Household Income
$41,468
Median Earnings
$667
Median Rent
$157,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Randville Bar & Grill — 7463 M-95, Iron Mountain, MI 49801
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial zoning and gasoline sales complement the property's food-and-beverage operation.
Where is this bar & pub located?
The property is located at N7463 M95 Highway Iron Mountain, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 3,339‑square‑foot bar and restaurant property on 9.67 acres; Highway frontage on M‑95; commercially zoned; 30x40 detached pole building with heat, electricity, and oil‑changing access
