Restaurants

Ishpeming, MI Restaurants for Sale

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Downtown Multi-Unit Retail Building
Updated: Aug 1, 2025
Downtown Multi-Unit Retail Building

105/109 S Main Street, Ishpeming, MI 49849

$335,000
10,158 sqft
Downtown Ishpeming commercial building with two street‑level commercial spaces and shared back parking‑lot access
Total size: 5,392 above‑ground SF plus 4,766 below‑ground dry storage space
Velodrome Coffee Company space offers 3,851 SF open workspace with cafe up front and prep space at the back
Velodrome includes a man door and a larger loading door for deliveries; lease runs through the end of 2026
Second unit is just over 1,500 SF with a front storefront/display area plus back spaces to the public parking lot back door
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Ishpeming, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 3 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 Bar and Restaurant
Turnkey Bar and Restaurant

1110 Champion Street, Marquette, MI 49855

$1,150,000
4,280 sqft

Turnkey bar and restaurant for sale with included equipment, furnishings, inventory, and a county liquor license.

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Bar and Grill with Highway Exposure
Bar and Grill with Highway Exposure

N10086 M95 Highway, Sagola, MI 49881

$145,000
1,600 sqft 1.26 AC lot

Existing bar-and-grill property with included furnishings, equipment, and fixtures.

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COMMERCIAL - Sagola, MI
COMMERCIAL - Sagola, MI

N10086 M95 Hwy, Sagola, MI 49881

$145,000
1,600 sqft 1.26 AC lot

Existing bar-and-grill property with included furnishings, equipment, and fixtures.

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Established Brewery Business Opportunity
Established Brewery Business Opportunity

501 S Lake Street, Marquette, MI 49855

Contact for pricing

Award-winning brewery for sale with equipment, recipes, and branding.

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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.

Prime Land Near Highway
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 on US Highway
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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Prime Commercial Land in Negaunee
Prime Commercial Land in Negaunee

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

$2,495,000
5.00 AC lot

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

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Ishpeming, MI Restaurants Market Trends and Statistics

Explore 1 restaurants for sale in Ishpeming, MI on our real estate platform. These investment opportunities span a total of 10,158 square feet of properties for sale, with an estimated market value of $335,000.

Sale prices for restaurant properties in Ishpeming, MI average $335,000 — 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

Coffee shops 1

Demographics Overview

Population 12K
Population Growth (5Y) -2.1%
Median Household Income $63,425
College Educated 16.6%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49849 $475K

Taxes & Financing

Tax Rate (average for all types) 4.96%
Property Tax per SF $69.47 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marquette County

New Delisted

Total CRE Inventory on Market (SF)

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