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Storheim’s Family Restaurant with Patio

W8177 S Stephenson Ave., Iron Mountain, MI 49801

For Sale
Contact for pricing

The restaurant operation includes fenced outdoor seating, basement storage, and a separate shed on a 1.1-acre property.

Property Size2,700 SF
Lot Size1.10 Acres
Price / SF$444.44
Days on Market32

Property Features for W8177 S Stephenson Ave.

General Information

Standard status Active
Size 2,700 SF
Lot size 1.10 Acres
Property subtype Retail, Business for Sale

Additional Details

Business Included Yes
Patio Yes

Amenities

shed
basement
Listing Agency: Stephens Real Estate
Listed By: Ryan Gordon · License MI #6502420131
Source: Crexi
Added: Oct 12 Changed: Nov 10 Last Checked: Nov 10 at 2:21PM

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 Stephens Real Estate

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Investment Insights

Based on property information with market context.

Storheim’s Family Restaurant is an established dining business in Iron Mountain, Michigan. The 2,700-square-foot restaurant has operated since 1996 and serves Swedish dishes and homemade pizza. A fenced patio adds outdoor dining space, while the basement and a separate shed provide storage areas. The property encompasses 1.1 acres.

Key Highlights

  • 2,700‑square‑foot restaurant property on 1.1 acres
  • Restaurant established in 1996
  • Fenced patio provides outdoor dining space

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Real Estate Agency Dental Office Big Box & Wholesale Store Auto Parts Store Storage Facility

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

612
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 73% Hotels & Casinos 16% Home Improvements & Furnishings 11%
Hardee's Dining
5,232 visits/mo 0.2 miles
Thai Bistro Dining
2,260 visits/mo 0.4 miles
TownePlace Suites by Marriott Hotels & Casinos
1,653 visits/mo 0.2 miles
Pat's Campioni's TrueValue Home Improvements & Furnishings
1,176 visits/mo 0.1 miles

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The restaurant operation includes fenced outdoor seating, basement storage, and a separate shed on a 1.1-acre property.
Where is this conventional restaurant located?
The property is located at W8177 S Stephenson Ave. Iron Mountain, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,700‑square‑foot restaurant property on 1.1 acres; Restaurant established in 1996; Fenced patio provides outdoor dining space
(906) 282-1644 · Office Call to check price and availability
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