Property summary
This exceptional turnkey restaurant opportunity in Ironwood, MI, presents a rare chance to acquire a well-established and profitable business. Located on the highly visible US Highway 2, this 1,406 square foot eatery boasts a rich history, having been owned and operated by the same individual for 25 years, building a loyal customer base and reputation for excellent cuisine. The restaurant comfortably seats 45 patrons and includes all necessary equipment and furnishings, allowing for immediate income generation. Recent updates ensure the property is in excellent condition and ready for a new owner. The ample parking lot provides convenient access for customers. Situated on a 0.41-acre lot, this property offers significant potential for continued growth and success. The current owner is retiring and is willing to provide support to ensure a smooth transition for the new owner, offering valuable assistance in establishing the business. Priced at $200,000, this is a truly exceptional opportunity for an experienced restaurateur or a savvy investor looking for a proven, profitable business with a strong track record. The turnkey nature of this sale, combined with the established reputation and prime location, makes this a highly attractive investment. Don't miss this chance to own a thriving restaurant in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Ironwood market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Ironwood, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Ironwood, MI.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight