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Restaurant with Fenced Patio
New
For Sale
$1,200,000

W8177 US2 Highway, Iron Mountain, MI 49801

COM/IND/BUS OPP, Iron Mountain, MI

Property Size2,700 SF
Lot Size1.10 Acres
Price / SF$444.44
Days on Market2

Property Features for W8177 US2 Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Patio and Porch features Patio
Exterior features Deck/Patio, Fenced Yard
Fencing Fenced
Lot features Corner Lot, Main Street
Subdivision Iron Mountain (22007)
Standard status Active
Size 2,700 SF
Lot size 1.10 Acres

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1996
Listing Agency: STEPHENS REAL ESTATE
Listed By: RYAN GORDON · License #6502420131
Added: Oct 9 Last Checked: Oct 10 at 7:06AM
MLS# 50224485

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 restaurant property includes a 2,700-square-foot building on 1.1 acres. A fenced patio provides additional seating, while a basement and separate shed offer storage space. The building was constructed in 1996 and has forced-air heating, central air conditioning, and public water service.

The property is located on US 2 in Iron Mountain, Michigan, with commercial zoning.

Key Highlights

  • 2,700‑square‑foot restaurant building on 1.1 acres
  • Fenced patio adds outdoor dining space
  • Basement and separate shed provide storage

Property Analytics

Current Use

Conventional restaurants

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

322
Businesses Nearby
142k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 40% Shops & Services 23% Home Improvements & Furnishings 14% Dining 10%
Walmart Superstores
57,268 visits/mo 0.2 miles
The Home Depot Home Improvements & Furnishings
19,613 visits/mo 0.2 miles
Culver's Dining
14,645 visits/mo 0.1 miles
Dollar Tree Shops & Services
14,139 visits/mo 0.0 miles
Aldi Groceries
12,266 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Outdoor seating complements the indoor dining area, with a separate shed and basement for storage.
Where is this conventional restaurant located?
The property is located at W8177 US2 Highway 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 building on 1.1 acres; Fenced patio adds outdoor dining space; Basement and separate shed provide storage
More about this property
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