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    Ironwood, MI
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    Ironwood, MI Restaurants for Sale

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    Hurley, WI Bessemer, MI Gile, WI Ramsay, MI Wakefield, MI Mercer, WI Winchester, WI Mellen, WI
    9 properties
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    Commercial Kitchen with Retail Area
    Updated: Aug 4
    Commercial Kitchen with Retail Area

    230 E Aurora Street, Ironwood, MI 49938

    $189,000
    1,600 sqft 0.13 AC lot
    1,600‑square‑foot commercial kitchen property on a 0.13‑acre lot
    Sale includes bakery equipment, fixtures, and existing inventory
    New three‑phase electrical system and Pavailler steam injection oven
    Main floor includes two prep stations and an 8x10 ft walk‑in cooler
    Basement provides storage, a private office, and additional workspaces
    View details
    Mixed-Use Property with Event Stage
    Updated: Aug 19
    Mixed-Use Property with Event Stage

    204 W Aurora Street, Ironwood, MI 49938

    $269,000
    2,304 sqft 0.09 AC lot
    2,304‑square‑foot mixed‑use building with restaurant, music venue, and upstairs apartment
    Refurbished 2‑bedroom apartment on the upper level
    Newly built stage at the rear of the building
    Newer appliances included with the restaurant operation
    Commercial zoning in downtown Ironwood on a main thoroughfare
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    Restaurant with Bar and Patio
    Restaurant with Bar and Patio

    N11582 Black River Road, Ironwood, MI 49938

    $204,900
    1,952 sqft 1.95 AC lot

    Commercially zoned restaurant with accessible entry and outdoor dining area.

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    See what stands out in Gogebic County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Updated Commercial Kitchen Property
    Updated Commercial Kitchen Property

    230 E Aurora Street, Ironwood, MI 49938

    $189,000
    1,600 sqft

    Brick commercial building with bakery equipment, customer seating, delivery access, and flexible food-production space.

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    Restaurant with Furnishings
    Restaurant with Furnishings

    106 E Cloverland Drive, Ironwood, MI 49938

    $200,000
    1,406 sqft 0.41 AC lot

    Established restaurant with included equipment, furnishings, and a dedicated dining area.

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    Bar and Pub with Upstairs Apartment
    Bar and Pub with Upstairs Apartment

    204 W Aurora Street, Ironwood, MI 49938

    $269,000
    2,304 sqft

    Two-story commercial property combines bar operations with an upstairs residential unit and event space.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Historic Short-Term Rental Property
    Historic Short-Term Rental Property

    400 Silver Street Unit SourceFi, Ironwood, MI 49938

    $199,000
    2,862 sqft

    Updated Airbnb property with multiple living areas, kitchens, and a private fenced exterior area.

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    Restaurant With Wraparound Bar
    Restaurant With Wraparound Bar

    156 CLOVERLAND DR, Ironwood, MI 49938

    Contact for pricing
    6,371 sqft

    Restaurant property featuring open dining, a large kitchen, walk-in coolers, and dedicated office space.

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    Turn-Key Restaurant with Seating
    Turn-Key Restaurant with Seating

    106 E Cloverland Drive, Ironwood, MI 49938

    $200,000
    1,406 sqft

    Turn-key restaurant offering seating for 45, included equipment and furnishings, and plenty of parking near US 2.

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    Based on your search, we've compiled 41 Potential Opportunities for your consideration. Besides 9 Active listings in Ironwood, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Mixed-Use Building with Living Quarters
    Mixed-Use Building with Living Quarters

    208 S Sophie Street, Bessemer, MI 49911

    $149,900
    3,966 sqft 0.07 AC lot

    Commercial space includes a bar setup and three-bedroom residential quarters.

    View details
    Restaurant with Living Quarters
    Restaurant with Living Quarters

    6622 HWY 2 W, Hurley, WI 54534

    $524,900
    1.05 AC lot

    Established restaurant property includes a fully equipped kitchen, bar, dining room, and on-site residential space.

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    Restaurant Building with Kitchen Potential
    Restaurant Building with Kitchen Potential

    113 S Massie Street, Bessemer, MI 49911

    $114,900
    3,600 sqft 0.30 AC lot

    Freestanding commercial building with restaurant infrastructure, parking, central air, and three-phase power.

    View details
    Turnkey Restaurant with Four-Bedroom Quarters
    Turnkey Restaurant with Four-Bedroom Quarters

    6622 W US 2 Highway, Hurley, WI 54534

    $524,900
    3,875 sqft 1.05 AC lot

    Restaurant with front covered porch, handicap access, and on-site living quarters with four bedrooms and two full baths.

    View details

    Off-Market Properties in Ironwood, MI

    Consider similar Off-Market properties in Ironwood, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    156 Cloverland Dr
    RESTAURANT

    156 Cloverland Dr, Ironwood, MI 49938-1228

    $340,000
    Estimated value
    6,183 sqft 0.73 AC lot
    View details
    204 Aurora St, Unit 20
    BAR, TAVERN

    204 Aurora St, Ironwood, MI 49938-2506

    Unit 20
    $285,000
    Estimated value
    2,304 sqft 0.09 AC lot
    View details
    316 Houk St
    RESTAURANT

    316 Houk St, Ironwood, MI 49938-2855

    $135,000
    Estimated value
    4,124 sqft 0.38 AC lot
    View details
    400 Silver St
    RESTAURANT

    400 Silver St, Ironwood, MI 49938-2546

    $105,000
    Estimated value
    2,862 sqft 0.16 AC lot
    View details
    1300 Cloverland Dr
    RESTAURANT

    1300 Cloverland Dr, Ironwood, MI 49938-1606

    $295,000
    Estimated value
    5,738 sqft 0.93 AC lot
    View details
    112 Lowell St
    BAR, TAVERN

    112 Lowell St, Ironwood, MI 49938-2044

    $310,000
    Estimated value
    5,160 sqft 0.07 AC lot
    View details
    120 Suffolk St
    RESTAURANT

    120 Suffolk St, Ironwood, MI 49938-2046

    $450,000
    Estimated value
    3,857 sqft 0.15 AC lot
    View details
    304 Suffolk St
    BAR, TAVERN

    304 Suffolk St, Ironwood, MI 49938-2130

    $145,000
    Estimated value
    3,607 sqft 0.06 AC lot
    View details
    112 Aurora St, Unit 18
    RESTAURANT

    112 Aurora St, Ironwood, MI 49938-2532

    Unit 18
    $225,000
    Estimated value
    1,440 sqft 0.06 AC lot
    View details
    222 Cloverland Dr
    RESTAURANT

    222 Cloverland Dr, Ironwood, MI 49938-1306

    $540,000
    Estimated value
    2,896 sqft 0.34 AC lot
    View details
    120 Aurora St
    BAR, TAVERN

    120 Aurora St, Ironwood, MI 49938-2532

    $170,000
    Estimated value
    1,440 sqft 0.08 AC lot
    View details
    517 Cloverland Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    517 Cloverland Dr, Ironwood, MI 49938-1401

    $250,000
    Estimated value
    220 sqft 0.40 AC lot
    View details
    213 Mcleod Ave
    BAR, TAVERN

    213 Mcleod Ave, Ironwood, MI 49938-2121

    $205,000
    Estimated value
    2,560 sqft 0.06 AC lot
    View details
    518 Mcleod Ave
    RESTAURANT

    518 Mcleod Ave, Ironwood, MI 49938-2240

    $315,000
    Estimated value
    2,836 sqft 0.13 AC lot
    View details
    11394 Lk Rd
    RESTAURANT

    11394 Lk Rd, Ironwood, MI 49938

    $190,000
    Estimated value
    1,728 sqft 0.73 AC lot
    View details

    Ironwood, MI Restaurants Market Trends and Statistics

    Explore 37 restaurants for sale in Ironwood, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 21,805 square feet of properties for sale, with an estimated market value of $1,719,900.

    Sale prices for restaurant properties in Ironwood, MI start at $189,000, averaging $214,987, and reaching up to $269,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 7
    Bars & Pubs 5
    Commercial kitchens 3

    Demographics Overview

    Population 7,424
    Population Growth (5Y) -1.2%
    Median Household Income $44,379
    College Educated 32.5%

    High-Yield Neighborhoods for Investment

    Identify Ironwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49938 $203.7K

    Taxes & Financing

    Tax Rate (average for all types) 5.37%
    Property Tax per SF $85.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gogebic County

    New Delisted

    Total CRE Inventory on Market (SF)

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