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Ishpeming, MI Restaurants for Sale

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Negaunee, MI Palmer, MI Champion, MI

Established Italian Restaurant in Ishpeming

$614,900

2,790 SF

Established Italian Restaurant in Ishpeming

207 E Pearl, Ishpeming, MI 49849

Turnkey restaurant opportunity with real property, business, and liquor license.

Turn‑key restaurant business opportunity including real property, business assets, inventory, supplies, POS system, and Class C Liquor License.
Established and sought‑after Italian restaurant with long‑held, authentic recipes.
Prime downtown Ishpeming location attracting both tourists and locals year‑round.
Includes closely held recipes, a significant asset for the business.
Recent upgrades: Brand new HVAC in back dining room and new water heater installed 2/26.

Updated: Aug 5, 2024

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$614,900

2,790 SF

Established Italian Restaurant in Ishpeming

207 E Pearl, Ishpeming, MI 49849

Turn-key Italian restaurant for sale in downtown Ishpeming.

Established, Profitable Restaurant: Turn‑key operation with a long‑standing reputation and loyal customer base.
Prime Location: Situated in the heart of downtown Ishpeming, attracting both tourists and locals.
Complete Package: Includes real property (building and lot), business, inventory, supplies, POS system, and Class C Liquor License.
Authentic Italian Recipes: Sale includes closely held, authentic Italian recipes, a key element of the restaurant's success.
Recent Upgrades: Features a brand new HVAC system in the back dining room and a new water heater installed 2/26.

Updated: Aug 4, 2024

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Established Restaurant with Income Potential

$399,900

6,160 SF

Established Restaurant with Income Potential

Restaurant with apartments and retail space for sale.

220 S Main, Ishpeming, MI 49849

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Ishpeming, 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.

$172,900

2,000 SF

Turnkey Bar & Restaurant Opportunity

Fully equipped, remodeled bar and restaurant in historic downtown building.

329 Superior, Crystal Falls, MI 49920

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$114,000

5,663 SF

Turnkey Bakery & Café Opportunity

Fully operational bakery and café in Crystal Falls, Michigan.

318 Superior, Crystal Falls, MI 49920

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$449,900

Established Restaurant Opportunity in Marquette

Turnkey restaurant with loyal following on North Third Street.

824 North 3rd Street, Marquette, MI 49855

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Marquette Restaurant and Bar Opportunity

$1,150,000

4,280 SF

Marquette Restaurant and Bar Opportunity

Turnkey restaurant and bar in South Marquette with high visibility.

1110 Champion St, Marquette, MI 49855

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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.

$150,000

21.00 Acres

Prime Vacant Land on Highway

20+ acre commercial land with highway frontage near Kwik Trip.

TBD US-41, Ishpeming, MI 49849

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$995,000

2.00 Acres

High-Exposure Vacant Land on Highway

Desirable commercial land with high traffic exposure in Negaunee, MI.

362 E US41/M28, Negaunee, MI 49866

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$2,495,000

5.00 Acres

Prime Commercial Land in Negaunee

High-exposure commercial land on US Highway 41/28 in Negaunee, MI.

362-368 E US41/M28, Negaunee, MI 49866

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$250,000

2,335 SF

Prime Commercial Lot in Iron Mountain

High-visibility commercial lot with existing building in Iron Mountain.

909 S Stephenson, Iron Mountain, MI 49801

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Ishpeming, MI Restaurants Investment Opportunities Market Analysis

Explore 3 restaurants for sale in Ishpeming, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 11,740 square feet of properties for sale, with an estimated market value of $1,629,700.

Sale prices for restaurant properties in Ishpeming, MI start at $399,900, averaging $543,233, and reaching up to $614,900 — 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

Demographics Overview

Population 12K

Population Growth (5Y) -2.1%

Median Household Income $63,425

College Educated 16.6%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
49849	$543.2K

Taxes & Financing

Tax Rate (average for all types) 4.96%

Property Tax per SF $69.47 per sq ft

Average Loan-to-Value 65.0%

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Ishpeming, MI Restaurants for Sale

Established Italian Restaurant in Ishpeming

Turnkey restaurant opportunity with real property, business, and liquor license.

Established Italian Restaurant in Ishpeming

Turn-key Italian restaurant for sale in downtown Ishpeming.

Established Restaurant with Income Potential