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    Ishpeming, MI Restaurants for Sale

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    Negaunee, MI Palmer, MI Champion, MI
    Established Italian Restaurant in Ishpeming
    Updated: Aug 4, 2024
    Established Italian Restaurant in Ishpeming

    207 E Pearl, Ishpeming, MI 49849

    $614,900
    2,790 sqft
    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.
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    This listing looks promising.

    Here's a quick look at some key insights for

    207 E Pearl, Ishpeming, MI 49849

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $39K
      Annual

    • Price @ 7% Cap

      $552K
      Suggested
    View Property Analytics
    Established Restaurant in Downtown Ishpeming
    Updated: Aug 5, 2024
    Established Restaurant in Downtown Ishpeming

    207 E Pearl Street, Ishpeming, MI 49849

    $614,900
    2,790 sqft · 0.12 AC lot
    Turn‑key, established Italian restaurant business (Mama Mias) with real property, inventory, and Class C Liquor License included in sale.
    Long‑held, authentic Italian recipes included, a key element of the restaurant's established reputation.
    Prime downtown Ishpeming location attracts a diverse customer base year‑round (tourists, snowmobilers, locals).
    Recent upgrades: Brand new HVAC in back dining room and new water heater installed 2/26.
    Building includes central air, humidity control, and zoned forced air heating.
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    Established Restaurant with Income Potential
    Established Restaurant with Income Potential

    220 S Main, Ishpeming, MI 49849

    $399,900
    6,160 sqft

    Restaurant with apartments and retail space for sale.

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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.

    Turnkey Bar & Restaurant Opportunity
    Turnkey Bar & Restaurant Opportunity

    329 Superior Avenue, Crystal Falls, MI 49920

    $172,900
    2,000 sqft · 0.09 AC lot

    Fully equipped bar and restaurant in historic downtown Crystal Falls.

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    Turnkey Bakery & Cafe Opportunity
    Turnkey Bakery & Cafe Opportunity

    318 Superior Avenue, Crystal Falls, MI 49920

    $105,000
    5,663 sqft · 0.13 AC lot

    Fully operational bakery and cafe in prime location.

    View details
    Established Restaurant Opportunity in Marquette
    Established Restaurant Opportunity in Marquette

    824 North 3rd Street, Marquette, MI 49855

    $449,900

    Turnkey restaurant with loyal following on North Third Street.

    View details
    Established Brewery Business Opportunity
    Established Brewery Business Opportunity

    501 S Lake Street, Marquette, MI 49855

    $299,000

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

    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.

    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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    Prime Commercial Lot For Sale
    Prime Commercial Lot For Sale

    909 S Stephenson Avenue, Iron Mountain, MI 49801

    $250,000
    2,335 sqft · 0.20 AC lot

    High-visibility commercial lot in Iron Mountain, Michigan.

    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 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

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2

    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 $543.2K

    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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