Property summary
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
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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