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    Property profile & analytics

    321 W Genesee St Iron River, MI 49935

    • Turn key restaurants
    • 2,020 SF
    • 0.08 lot acres
    For Sale
    View listing
    $295,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-3308612
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Main Street Cafe / Breakfast Restaurant

    Property Details for 321 W Genesee St

    Lot size
    0.08 lot acres
    Property size
    2,020 SF
    Property type
    Turn key restaurants
    APN
    054-121-006-00
    APU
    5412100600

    Description

    This 2,300 square foot retail space, located at 321 W Genesee St in Iron River, Michigan (49935), presents a unique investment opportunity. Built in 1900, this commercially zoned property sits on a 0.08-acre lot (APN: 054-121-006-00) and boasts a prime Main Street location, ensuring high visibility and foot traffic. Currently configured as a restaurant with a seating capacity of approximately 90, the property includes a fully equipped kitchen, ready for immediate use by a new owner. An additional outdoor dining/enclosed kitchen area is also available, currently utilized for BBQs and fundraising events. The established restaurant benefits from a loyal customer base and a strong reputation within the Iron River community, known for its support of local businesses. This presents significant potential for expansion, including catering services or event hosting. The asking price is $349,500 ($151.96/sq ft). Serious inquiries only

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.6416
    Latitude
    46.0914

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $1,050
    $73,990
    $75,040
    -
    $2,100
    $147,980
    $150,080

    Comparable in this City

    • Value Estimation by Request
      2,059 SF

      321 Adams St

      RESTAURANT • 2,059 SF
      321 Adams St, Iron River, MI 49935-1349
      View Details
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      1,650 SF

      405 Washington Ave

      RESTAURANT • 1,650 SF
      405 Washington Ave, Iron River, MI 49935
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    • Value Estimation by Request
      2,400 SF

      3599 Us Hwy 2nd 2

      RESTAURANT • 2,400 SF
      3599 Us Hwy 2nd 2, Iron River, MI 49935-1569
      View Details
    • Value Estimation by Request
      5,130 SF

      402 Adams St

      RESTAURANT • 5,130 SF
      402 Adams St, Iron River, MI 49935-1352
      View Details
    • Value Estimation by Request
      3,600 SF

      202 Genesee St

      RESTAURANT • 3,600 SF
      202 Genesee St, Iron River, MI 49935-1439
      View Details
    • Value Estimation by Request
      2,250 SF

      207 Genesee St

      BAR, TAVERN • 2,250 SF
      207 Genesee St, Iron River, MI 49935-1438
      View Details

    Similar Nearby for Sale

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    Iron River, MI 49935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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