220 Main St Ishpeming, MI 49849

Property Details for 220 Main St

Year built

1895

Lot size

0.07 lot acres

Property size

6,160 SF

Zone code

CBD

Property type

Commercial real estate

APN

52-51-050-039-00

APU

525105003900

Description

This exceptional investment opportunity in Ishpeming, MI, presents a thriving, well-established restaurant with a proven track record of success. Located at 220 S Main, the property boasts a substantial 6,160 square feet of space spread across multiple income-generating units. In addition to the main restaurant operation, the property includes four separate apartments, providing a significant additional revenue stream. A further retail space adds to the versatility and potential of this unique offering. The property sits on a conveniently sized 0.07-acre lot, offering ample space for operations and potential future expansion. The building's exterior underwent a complete renovation in 2012, encompassing a comprehensive update to the windows, siding, doors, and stonework, ensuring a modern and attractive façade. This turnkey operation presents a rare chance to acquire a multi-faceted commercial property with established income and significant upside potential. The combination of a successful restaurant and multiple rental units offers a diversified investment strategy, minimizing risk and maximizing returns. The property's prime location on S Main in Ishpeming ensures high visibility and accessibility, attracting both local residents and tourists. This is an ideal opportunity for an investor seeking a stable and profitable venture in a desirable Michigan community. The asking price for this remarkable property is $499,900.