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Property profile & analytics
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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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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