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    FOR SALE
    Commercial real estate

    207 E Pearl St, Ishpeming, MI 49849

    2,790 SF 0.07 ac lot
    Entity Owned Free & Clear
    Property ID
    US43-2461991
    Property summary
    AI-generated overview

    This exceptional opportunity presents the acquisition of Mama Mia's, a highly successful Italian restaurant located in the heart of downtown Ishpeming, Michigan. Established for many years, this restaurant boasts a loyal customer base drawn to its authentic Italian recipes and welcoming atmosphere. The sale includes the real property encompassing a 2,790 square foot building situated on a 0.12-acre lot. The business itself is a turnkey operation, complete with all existing inventory, supplies, and point-of-sale (POS) system. A significant asset included in the sale is a Class C Liquor License, allowing for the continued service of alcoholic beverages. The closely guarded, time-tested recipes are also part of this comprehensive sale, ensuring the continuation of the restaurant's renowned culinary tradition. The restaurant thrives throughout the year, catering to families during the summer tourist season and snowmobilers during the winter months. This presents a unique opportunity for an experienced restaurateur or a new business owner seeking a well-established, profitable venture. A 3-D tour is available for prospective buyers to explore the property and business in detail. The asking price for this complete package is $699,900.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 2,790 SF
    Lot 0.07 ac (3,173 SF)
    Zoning code CBD
    APN 52-51-050-097-00
    UPID US43-2461991
    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
    Current use
    Occupant on record · Public records
    • Mama Mia's Italian Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    SARASIN & RUNDMAN LLC
    SARASIN & RUNDMAN LLC
    Zoning & alternative use
    CBD · Ishpeming, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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