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    Ishpeming, MI Restaurants for Sale

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    Negaunee, MI Champion, MI Marquette, MI Michigamme, MI Gwinn, MI Republic, MI Skandia, MI Big Bay, MI
    Operating Italian Restaurant with Real Estate
    Updated: Sep 23
    Operating Italian Restaurant with Real Estate

    207 E Pearl Street, Ishpeming, MI 49849

    $585,000
    2,790 sqft 0.12 AC lot
    Operating Mama Mia's Italian restaurant with business, real property, equipment, inventory, supplies, and POS system
    2,790 square feet on a 0.12‑acre lot at 207 E Pearl Street, Ishpeming, MI 49849‑2023
    Class C Liquor License, established recipes, goodwill, reputation, and customer base included
    Brand‑new HVAC system in the back dining room and new water heater installed in February 2026
    Built in 1903 with public water service and rubber and tile roofing
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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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    Operating Restaurant with Equipment
    Operating Restaurant with Equipment

    207 E Pearl, Ishpeming, MI 49849

    $585,000

    The sale combines an active restaurant business with its building, lot, operating assets, and Class C liquor license.

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    See hot listings in Ishpeming

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 3 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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    Historic Coffee Shop and Bar
    Historic Coffee Shop and Bar

    401 N Third Street, Marquette, MI 49855

    $849,000
    2,806 sqft

    Turnkey coffee shop, roastery, and bar in a Victorian building with retained original features and a basement walk-in cooler.

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    Turnkey Restaurant & Rental Income
    Turnkey Restaurant & Rental Income

    305 Iron Street, Negaunee, MI 49866

    $750,000
    5,356 sqft

    Established restaurant and bar with five rental units in Negaunee.

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    Pub Building with Terrazzo Flooring
    Pub Building with Terrazzo Flooring

    440 Iron Street, Negaunee, MI 49866

    $99,900
    3,456 sqft

    Former pub space in Negaunee’s downtown business district, adjacent to Jackson Park and nearby dining and recreation.

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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 Highway Frontage
    Commercial Land with Highway Frontage

    US-41 Highway, Ishpeming, MI 49849

    $150,000
    21.00 AC lot

    Large commercial parcel along US-41 Highway with public water and nearby retail, dining, fuel, healthcare, and brewery businesses.

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    Highway-Frontage Commercial Land
    Highway-Frontage Commercial Land

    362 E US41/M28 Highway, Negaunee, MI 49866

    $995,000
    2.00 AC lot

    Flat commercial site with public water and township sewer available for development.

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    Commercial Highway Frontage Land
    Commercial Highway Frontage Land

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

    $2,495,000
    5.00 AC lot

    Flat commercial site with highway exposure and township water and sewer availability.

    View details

    Ishpeming, MI Restaurants Market Trends and Statistics

    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 12,948 square feet of properties for sale, with an estimated market value of $1,505,000.

    Sale prices for restaurant properties in Ishpeming, MI start at $335,000, averaging $501,666, and reaching up to $585,000 — 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 2
    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 $501.7K

    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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