Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Turn key restaurants

    202 W Genesee St, Iron River, MI 49935

    3,600 SF 0.08 ac lot
    Entity Owned 15-yr Hold Free & Clear
    Property ID
    US43-3945899
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Total area 3,600 SF
    Lot 0.08 ac (3,485 SF)
    APN 054-115-016-00
    UPID US43-3945899
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Zippidy Duda, INC. · 15 yrs held
    Zippidy Duda, INC.
    since 2010
    Last sale
    $5,657
    1 recorded transaction
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message