220 S Main St Ishpeming, MI 49849

6,160 SF 0.07 ac lot Built 1895

Individually Owned Absentee Owner Free & Clear

Property ID

US43-2449857

$399,900 6,160 SF

220 S Main St, Ishpeming, MI 49849
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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 faГ§ade. 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.