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Spud's Bistro 1100 Vulcan St 1,248 SF Industrial Building Iron Mountain, MI 49801 $475,000 ($380.61/SF)

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EXECUTIVE SUMMARY

This successful restaurant and tavern seeks a new steward, presenting a unique chance to step into a turnkey operation with loyal clientele and a stellar reputation! Spud's Bistro is a cornerstone of the community housed in a charming building dating back to 1890, offering a unique and inviting atmosphere. This isn't just a sale; it's an invitation to continue a legacy. It includes all recipes and kitchen, bar, dining equipment and furniture - everything you need to hit the ground running from day one. The dedicated, long-term staff are experienced professionals who will help with a smooth transition and continued excellence for your customers. Some are ready to stay after the sale. The retiring owners are also committed to providing assistance and guidance to the new proprietor, ensuring a seamless handover. If you've dreamed of owning a beloved local establishment with a rich history and a bright future, this is your chance.

Included Equipment

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access	ANNUAL	ANNUAL PER SF
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Price	$475,000	Lot Size	0.06 AC
Price Per SF	$380.61	Rentable Building Area	1,248 SF
Sale Type	Owner User	No. Stories	1
Sale Condition	Business Value Included	Year Built	1890
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse General Retail Freestanding General Retail Restaurant General Retail Storefront	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B
Zoning	C-1 - Commercial 201

Price	$475,000
Price Per SF	$380.61
Sale Type	Owner User
Sale Condition	Business Value Included
Property Type	Industrial
Property Subtype	Warehouse General Retail Freestanding General Retail Restaurant General Retail Storefront
Building Class	B
Lot Size	0.06 AC
Rentable Building Area	1,248 SF
No. Stories	1
Year Built	1890
Tenancy	Single
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-1 - Commercial 201

Cooler

Storage Space

Air Conditioning

Smoke Detector

Lighting
Gas - Natural
Water - City
Sewer - City
Heating - Gas

1 1

AERIAL
MAP

1100 Vulcan St, Iron Mountain, MI - AERIAL map view - Image1

1100 Vulcan St, Iron Mountain, MI - AERIAL map view - Image2

1100 Vulcan St, Iron Mountain, MI - AERIAL map view - Image3

1100 Vulcan St, Iron Mountain, MI - AERIAL map view - Image4

PROPERTY TAXES

Parcel Number	051-102-318-00	Total Assessment	$65,900 (2025)
Land Assessment	$65,900 (2025)	Annual Taxes	($1) ($0.00/SF)
Improvements Assessment	$0 (2025)	Tax Year	2024 Payable 2025