205 Division StIshpeming, MI 49849

Property Details for 205 Division St

Lot size

0.06 AC

Property size (Sq ft)

2,237 SF

Zone code

CBD

Property type

Commercial real estate

APN

52-51-050-056-00

APU

525105005600

Description

This exceptional 3,737 sq ft industrial property in Ishpeming, MI, presents a lucrative investment opportunity. Situated on a 0.24-acre lot encompassing three city lots, it boasts a thriving bar and a separate three-bedroom, one-bathroom rental unit. The bar features a stage for live music, complete with a microphone and speaker system, enhancing its entertainment value. Multiple TV screens and pool tables, including one tournament-sized table, cater to diverse clientele. A fully equipped kitchen and two customer restrooms add to the bar's functionality. The upstairs rental unit includes a living room and an eat-in kitchen, providing additional income streams. A full basement offers ample storage for liquor, kegs, and an ice machine. Recent improvements include updated electrical and plumbing systems, new lighting, a newer roof, and a newly paved parking lot. The property also benefits from a comprehensive liquor license, including Sunday sales, entertainment permits, package sales, a food handler's license, and lottery sales. This well-maintained property offers a unique blend of commercial and residential income potential. The seller is open to considering a land contract. This is a rare chance to acquire a profitable and established business with significant upside in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $467,658

  Hospitality

  $428,372

  Educational

  $356,401

  Medical

  $368,658

  Retail

  $554,401

Location Insight

City

Ishpeming

County

Marquette

State

Michigan

Latitude

46.4888

Longitude

-87.6674

CBSA code

32100

CBSA name

MARQUETTE, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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