202 W Genesee St, Iron River, MI 49935
For Sale
1 / 13
This 3,576 square foot commercial building, located at 202 W Genesee in Iron River, Michigan, presents a fantastic business opportunity. Built in 1940, the property sits on a 0.08-acre lot (APN 26071) and is zoned for commercial use. Previously a restaurant, the building boasts a large bar area, upper-level booth seating, and a spacious back room ideal for private events or business functions, with a seating capacity of approximately 110 people. The building's layout allows for potential expansion with the addition of another full story. The property includes two furnaces (approximately 10 years old) and a roof (approximately 13 years old). A basement, formerly used as an archery range, offers additional space. The asking price is $59,000 ($47.51/sq ft). This vacant building is ready for a new owner to transform it into a thriving business. The property's prime downtown location in Iron River, MI (zip code 49935) offers excellent visibility and accessibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.