Address
205 E Division Street, Ishpeming, MI
Price
$ 225,000
Property Attributes
  • MLS#50130709
  • TypeCommercial
  • CountyMARQUETTE
  • CityIshpeming
  • AreaIshpeming
  • NeighborhoodIshpeming
  • Zip49849
  • StyleCommercial/Industrial
  • Taxes$ 1781
  • Price$ 225,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3737
  • Lot Size0.24 Acres
Data Source:
MiRealSource (MIRS)
Property Description

Great business opportunity with Business and residential income. It is located on three city lots and has a spacious outdoor area with a liquor license for outdoor service. The bar area is equipped with a stage for live music, a microphone and speaker system, security system, several TV screens and pool tables, including one for tournaments. The bar also has a kitchen and two restrooms for customers. In addition, there is a rental unit upstairs with three bedrooms, one bathroom, a living room, and an eat-in kitchen. The full basement serves as storage for liquor room, kegs and ice machine. The electrical and plumbing systems have been updated, as well as new lighting, newer roof and the parking lot has been newly paved. The liquor license includes Sunday sales, entertainment, package sales, a food handler license and lottery. This is a great chance to own a profitable and well-maintained property in Ishpeming.

Price History
1/3/2024 Listed $244,500
3/6/2024 8% - $225,000

General Features

Heating Boiler
Cooling Dual/Zoned
Roof Rubber
Zoning CBD - Commercial Business District
Water Public Water
Status Active
Parking 21+ Spaces
Subdivision Original City Of Ishpeming
Water Heater Gas
County Marquette
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Type Bar/Tavern
Business Name Royal Pub
Percent Ownership LLC
Associated Document Count 1
Status Active
Zoning Commercial
Subdivision MI
Sale/Rent For Sale
Commercial Features Living Quarters,Restroom(s),Security Syetem Owned,Sidewalks,Wood Floors
Subj to Short Sale Apprvl No
Area Ishpeming (52013)
Primary City Ishpeming
Location Main Street
Directions US41 W,South on Lakeshore Drive,straight to Division,Property on the Left.
ModificationTimestamp 2024-06-03T14:47:37
City Ishpeming
Lease Y/N No
Originating MLS Upper Peninsula Assoc of Realtor
Source MLS MI Real Source
Financial Terms Cash,Commercial Loan
Legal Description ORIGINAL PLAT CITY OF ISHPEMING LOT 56,LOT 57 & 6' 3 OF ALLEY ADJACENT TO LOT 57,N. 38' OF LOT 55,S. 62' OF LOT 55.
DOM 203
Postal Code 49849
Price Per Sq Ft Total AG 60.21
BUSINESS TYPE Bar/Tavern

Interior Features

Basement Y/N Yes
Fuel Type Natural Gas

Exterior Features

Exterior Metal,Stone,Vinyl Siding
Frontage 105
Lot Size Area 0.24
Lot Dimensions 105x100
Site Depth 100
Water Features None
SEWER SEPTIC Public Sanitary
Roads City/County
FOUNDATION TYPE Basement
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 49849

Price
AVG $320K
$230K
Taxes
AVG $3,947
$1,781
Visits
AVG 439
838
Data Provided by Inside Real Estate®