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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 Wakefield, MI Mercer, WI Winchester, WI Mellen, WI Marenisco, MI
    Turn-Key Restaurant with Seating
    Updated: Jul 15, 2024
    Turn-Key Restaurant with Seating

    106 E Cloverland Drive, Ironwood, MI 49938

    $200,000
    1,406 sqft
    Turn‑key restaurant includes equipment and furnishings for immediate operation
    Seating for 45
    Plenty of parking
    Conveniently located on Hwy US 2
    Owned and operated by the same owner for 25 years
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    This listing looks promising.

    Here's a quick look at some key insights for

    106 E Cloverland Drive, Ironwood, MI 49938

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $223K
      Above asking
    View Property Analytics
    Restaurant Building with Parking
    Updated: May 11
    Restaurant Building with Parking

    135 E Cloverland Drive, Ironwood, MI 49938

    $149,900
    2,781 sqft 0.20 AC lot
    2700 SF commercial building on US 2 in Ironwood, MI
    Blacktop parking area with easy access, plus a side delivery door
    Wheelchair access with an accessible approach ramp
    Full, unfinished basement for storage and potential walk‑in cooler
    Unfinished bar and bathroom areas—ready for updates
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    Mixed-Use Retail and Apartment Building
    Mixed-Use Retail and Apartment Building

    126 E Aurora Street, Ironwood, MI 49938

    $225,000
    2,068 sqft 0.06 AC lot

    Turnkey building with main-level wine and spirits bar and an upstairs one-bedroom rental apartment.

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    Restaurant Building with Parking
    Restaurant Building with Parking

    135 CLOVERLAND DR E, Ironwood, MI 49938

    $149,900
    0.20 AC lot

    Commercial building on US 2 with blacktop parking, wheelchair ramp access, side delivery door, and an unfinished basement.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Turnkey Bakery and Retail Space
    Turnkey Bakery and Retail Space

    230 E Aurora Street, Ironwood, MI 49938

    $189,000
    1,600 sqft 0.13 AC lot

    Fully renovated masonry building operating as a wholesale bakery, with equipped production area, retail seating, and parking.

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    Based on your search, we've compiled 41 Potential Opportunities for your consideration. Besides 5 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, 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.

    Turnkey Restaurant and Inn Property
    Turnkey Restaurant and Inn Property

    6622 HWY 2 W, Hurley, WI 54534

    $524,900
    1.05 AC lot

    Turnkey restaurant with a fully equipped kitchen, bar, reception area, and on-site 4-bedroom living quarters.

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    Turnkey Restaurant and Inn
    Turnkey Restaurant and Inn

    6622 W US 2 Highway, Hurley, WI 54534

    $524,900
    3,875 sqft 1.05 AC lot

    Turnkey restaurant with a fully equipped kitchen and adjacent living quarters, plus ample parking and on-site storage.

    View details
    Casual Dining Restaurant Building
    Casual Dining Restaurant Building

    113 S Massie Street, Bessemer, MI 49911

    $114,900
    3,600 sqft 0.30 AC lot

    Restaurant building with new roof, central air, and three-phase power, suited for redesign or reopening as a dining concept.

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    COMMERCIAL - Bessemer, MI
    COMMERCIAL - Bessemer, MI

    805 & 807 Eli Avenue, Bessemer, MI 49911

    $220,000
    19,712 sqft 0.45 AC lot

    Bars & Pubs · 19,712 SF

    View details

    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.

    Corner Lot in Downtown Park Falls
    Corner Lot in Downtown Park Falls

    172&184 2ND AVE N, Park Falls, WI 54552

    Contact for pricing
    0.13 AC lot

    Corner lot suitable for business in downtown Park Falls, Wisconsin.

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    Corner Lot in Downtown
    Corner Lot in Downtown

    172-184 2nd Avenue North, Park Falls, WI 54552

    Contact for pricing

    Corner lot suitable for business in downtown Park Falls.

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    Vacant City Lot in Downtown
    Vacant City Lot in Downtown

    ON DIVISION ST, Park Falls, WI 54552

    Contact for pricing
    0.06 AC lot

    Vacant 0.06 acre city lot in downtown Park Falls.

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    Prime Commercial Land in Minocqua
    Prime Commercial Land in Minocqua

    PLAZA DR lot: 11, Minocqua, WI 54548

    $199,900
    1.20 AC lot

    1.2 acre B-2 zoned commercial land with high exposure.

    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

    Value Estimation by Request
    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
    Value Estimation by Request
    2,304 sqft 0.09 AC lot
    View details
    316 Houk St
    RESTAURANT

    316 Houk St, Ironwood, MI 49938-2855

    Value Estimation by Request
    4,124 sqft 0.38 AC lot
    View details
    400 Silver St
    RESTAURANT

    400 Silver St, Ironwood, MI 49938-2546

    Value Estimation by Request
    2,862 sqft 0.16 AC lot
    View details
    1300 Cloverland Dr
    RESTAURANT

    1300 Cloverland Dr, Ironwood, MI 49938-1606

    Value Estimation by Request
    5,738 sqft 0.93 AC lot
    View details
    112 Lowell St
    BAR, TAVERN

    112 Lowell St, Ironwood, MI 49938-2044

    Value Estimation by Request
    5,160 sqft 0.07 AC lot
    View details
    120 Suffolk St
    RESTAURANT

    120 Suffolk St, Ironwood, MI 49938-2046

    Value Estimation by Request
    3,857 sqft 0.15 AC lot
    View details
    304 Suffolk St
    BAR, TAVERN

    304 Suffolk St, Ironwood, MI 49938-2130

    Value Estimation by Request
    3,607 sqft 0.06 AC lot
    View details
    112 Aurora St, Unit 18
    RESTAURANT

    112 Aurora St, Ironwood, MI 49938-2532

    Unit 18
    Value Estimation by Request
    1,440 sqft 0.06 AC lot
    View details
    222 Cloverland Dr
    RESTAURANT

    222 Cloverland Dr, Ironwood, MI 49938-1306

    Value Estimation by Request
    2,896 sqft 0.34 AC lot
    View details
    120 Aurora St
    BAR, TAVERN

    120 Aurora St, Ironwood, MI 49938-2532

    Value Estimation by Request
    1,440 sqft 0.08 AC lot
    View details
    517 Cloverland Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    517 Cloverland Dr, Ironwood, MI 49938-1401

    Value Estimation by Request
    220 sqft 0.40 AC lot
    View details
    213 Mcleod Ave
    BAR, TAVERN

    213 Mcleod Ave, Ironwood, MI 49938-2121

    Value Estimation by Request
    2,560 sqft 0.06 AC lot
    View details
    518 Mcleod Ave
    RESTAURANT

    518 Mcleod Ave, Ironwood, MI 49938-2240

    Value Estimation by Request
    2,836 sqft 0.13 AC lot
    View details
    11394 Lk Rd
    RESTAURANT

    11394 Lk Rd, Ironwood, MI 49938

    Value Estimation by Request
    1,728 sqft 0.73 AC lot
    View details
    215 Suffolk St
    RESTAURANT

    215 Suffolk St, Ironwood, MI 49938-2174

    $720,000
    Estimated value
    19,540 sqft 0.40 AC lot
    View details
    1111 Cloverland Dr
    RESTAURANT

    1111 Cloverland Dr, Ironwood, MI 49938-1601

    $515,000
    Estimated value
    4,188 sqft 1.61 AC lot
    View details
    127 Aurora St
    RESTAURANT

    127 Aurora St, Ironwood, MI 49938-2531

    Value Estimation by Request
    5,600 sqft 0.13 AC lot
    View details
    104 Lowell St
    RESTAURANT

    104 Lowell St, Ironwood, MI 49938-2044

    Value Estimation by Request
    8,000 sqft 0.38 AC lot
    View details

    Ironwood, MI Restaurants Market Trends and Statistics

    Explore 33 restaurants for sale in Ironwood, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,855 square feet of properties for sale, with an estimated market value of $913,800.

    Sale prices for restaurant properties in Ironwood, MI start at $149,900, averaging $182,760, and reaching up to $225,000 — 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

    Bars & Pubs 3
    Conventional restaurants 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 $197K

    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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