Iron Mountain, MI Restaurants for sale

Updated: Apr 23

Drive-Through Restaurant Site

701 N Stephenson Avenue, Iron Mountain, MI 49801

$550,000

3,124 sqft 0.15 AC lot

Two commercial buildings on nearly an acre with Main Street and Highway US2 frontage
Off‑street parking lot plus drive‑through access
Central air and forced‑air heating
Includes a commercial freezer and full basement
200 amp electric service

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This listing looks promising.

Here's a quick look at some key insights for

701 N Stephenson Avenue, Iron Mountain, MI 49801

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Est. Cap Rate

6.3%
Above avg (5.9%)
Est. NOI

$35K
Annual
Price @ 7% Cap

$496K
Suggested

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Updated: Mar 2

Turnkey Bar and Restaurant

207 E Hughitt Street, Iron Mountain, MI 49801

$550,000

4,680 sqft 0.13 AC lot

100% Turnkey Operation: Fully equipped premium kitchen and bar included for immediate revenue generation.
Prime Location: Situated in the high‑traffic heart of the historic district with excellent visibility.
Substantial Size: Nearly 4,700 sq ft, providing ample space for high‑volume service.
Ample Parking: Convenient parking for customers.
Established Business: Includes a loyal, built‑in customer base.

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Leased Restaurant Property

1600 S Stephenson Avenue, Iron Mountain, MI 49801

$495,000

2,528 sqft 0.66 AC lot

Restaurant property in commercial zoning, currently leased to a national chain pizza company.

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Turnkey Bar and Restaurant

Iron Mountain, MI 49801

$550,000

4,700 sqft

Turnkey bar and restaurant offering kitchen and bar equipment included, with ample parking and efficient floorplan.

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Blackstone Pizza & Pub - Iron Mountain, MI

207 E Hughitt St, Iron Mountain, MI 49801

$550,000

4,680 sqft 0.13 AC lot

Turnkey bar and restaurant in Iron Mountain's historic district.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 Active listings in Iron Mountain, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant and Bar with Bowling Lanes

616 Main Street, Norway, MI 49870

$350,000

9,132 sqft 0.24 AC lot

Restaurant and bar offering daily specials, with bowling lanes still installed in the building.

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Campground with Indoor Pool

4080 US Hwy 2, Florence, WI 54121

$899,900

73.00 AC lot

Campground for sale with 70 sites plus a yurt and two cabins, offering an indoor pool and camp store.

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Updated Turnkey Retail/Office Building

733 Central Avenue, Florence, WI 54121

$159,900

1,968 sqft 0.08 AC lot

Turnkey commercial building with updated electrical, HVAC, interior finishes, and street and rear assigned parking.

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Restaurant and Bar with Bowling Lanes

616 Main St, Norway, MI 49870

$350,000

Operating restaurant and bar with a full bar and bowling lanes still installed within the building.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Existing Building

909 S Stephenson Avenue, Iron Mountain, MI 49801

$250,000

2,335 sqft 0.20 AC lot

A zoned commercial site with a 72-by-120 lot and an older 2,335 SF building on a main thoroughfare.

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Prime Land Near Highway

US-41 Highway, Ishpeming, MI 49849

$150,000

21.00 AC lot

20+ acre commercial land parcel with highway frontage.

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Prime Land in Rapid River

7683 US2 Highway, Rapid River, MI 49878

$49,900

1.97 AC lot

Commercial land with high traffic exposure in Rapid River, MI.

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Prime Land on US Highway

362 E US41/M28 Highway, Negaunee, MI 49866

$995,000

2.00 AC lot

High-exposure land on a major highway near Marquette, Michigan.

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Iron Mountain, MI Restaurants Market Trends and Statistics

Explore 5 restaurants for sale in Iron Mountain, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 19,712 square feet of properties for sale, with an estimated market value of $2,695,000.

Sale prices for restaurant properties in Iron Mountain, MI start at $495,000, averaging $539,000, and reaching up to $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49801	$439.2K

Neighborhood

Average Price

49801

$439.2K