207 E Pearl St, Ishpeming, MI 49849
For Sale
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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.
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Mama Mia's Italian Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Ishpeming, MIIshpeming. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.