Just Listed
Address
207 E Pearl Street, Ishpeming, MI
Price
$ 585,000
Property Attributes
- MLS#50222673
- TypeCommercial
- Listing Status Active
- CountyMARQUETTE
- CityIshpeming
- AreaIshpeming
- NeighborhoodIshpeming
- Zip49849
- StyleBusiness
- Year Built1903
- Taxes$ 4858
- Price$ 585,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2790
- Lot Size0.12 Acres
Data Source:
MiRealSource (MIRS)
Property Description
Own an Ishpeming Institution — Mama Mia’s Italian Restaurant Since 1981, Mama Mia’s has been a familiar and beloved part of downtown Ishpeming. For more than four decades, generations of families, friends, locals and visitors have shared meals, celebrations and memories here while enjoying authentic Italian cuisine. Known throughout the area as a destination for Italian dining, Mama Mia’s has become more than a restaurant, it’s a part of the community’s history and a name people know and remember. There is tremendous value in what is being offered here. The sale includes the established Mama Mia’s business, real property, building and lot, equipment, inventory and supplies, POS system, Class C Liquor License, and closely held recipes along with the brand recognition, goodwill, reputation and customer base built over more than four decades. This is an opportunity to acquire the foundation and infrastructure of an established restaurant rather than starting from the ground up. For someone who has dreamed of owning a restaurant, this is an opportunity to step into a turnkey operation and make a well-known local establishment your own. Mama Mia’s attracts loyal local customers as well as visitors from near and far throughout the year, providing a strong foundation for a new owner to carry on its tradition while bringing their own vision to the business. There is also significant opportunity to expand the business through catering, an area that has not been the primary focus of the current ownership. Catering could provide an additional avenue to build on the strong foundation and reputation Mama Mia’s has already established. The restaurant is currently operating as an established business. Recent improvements include a brand-new HVAC system in the back dining room and a new water heater installed in February 2026. Financial information is available to qualified, serious buyers upon execution of a Non-Disclosure Agreement (NDA).
| Price History | |
|---|---|
| 9/23/2026 | Listed $585,000 |
General Features
| Heating | Forced Air,Zoned Heating |
|---|---|
| Cooling | Ceiling Fan(s),Central A/C,Exhaust Fan,Humidity Control |
| Roof | Rubber,Tile |
| Zoning | Commercial |
| Water | Public Water |
| Status | Active |
| Year Built | 1903 |
| Parking | Municipal,Off Site |
| Water Heater | Electric |
| County | Marquette |
| Class | COM/IND/BUS OPP |
| Type | Business |
| Business Type | Restaurant |
| Ownership | LLC |
| Associated Document Count | 1 |
| Status | Active |
| Zoning | Commercial |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Commercial Features | 2 Phase Power,220 Volt Power,ADA Accessible,Alley,Cafe/Kitchen,Carpet,Ceramic Floor,Delivery Area,Display Window,Fixtures,Floor Drain,Flr Thickness: 4+ - 6 In.,Furniture,No Elevator,No Tank |
| Subj to Short Sale Apprvl | No |
| Area | Ishpeming (52013) |
| Primary City | Ishpeming |
| Virtual Tour | https://my.matterport.com/show/?m=7fhmeraKBsB |
| Directions | From US 41 heading west,in Ishpeming,take the roundabout onto N 2nd St,take the second roundabout onto N 3rd st take a right on Hematite,turn left on 1st st,take a left on Pearl |
| 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 97. |
| DOM | 1 |
| Postal Code | 49849 |
| Price Per Sq Ft Total AG | 209.68 |
| BUSINESS TYPE | Bar/Tavern,Restaurant |
| Internet Remarks | Listing Agent: SCOTT SYRJALA Broker: COLDWELL BANKER SCHMIDT REALTORS: Own an Ishpeming Institution — Mama Mia’s Italian RestaurantSince 1981 |
| Public Remarks | Own an Ishpeming Institution — Mama Mia’s Italian Restaurant Since 1981,Mama Mia’s has been a familiar and beloved part of downtown Ishpeming. For more than four decades |
Interior Features
| Basement Y/N | Yes |
|---|---|
| Ceiling Height | Less than 16 Ft. |
| Fuel Type | Natural Gas |
Exterior Features
| Exterior | Brick,Brickcote,Stucco |
|---|---|
| Frontage | 50 |
| Lot Size Area | 0.12 |
| Lot Dimensions | 105x50 |
| Lot Description | Storm Drains,Utilities Underground |
| Site Depth | 105 |
| Water Features | None |
| SEWER SEPTIC | Public At Street |
| Roads | City/County,Curbed,Paved Street,Year Round |
| 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
Taxes
Year Built
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary
