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130 Washington Ave 6,000 SF Retail Building Iron River, MI 49935 $299,000 ($49.83/SF)
Investment Highlights
- Excellent visibility along Washington Avenue with year-round accessibility
- Proximity to popular outdoor recreational trails ensures consistent customer traffic
- Includes Michigan liquor license and complete bar/restaurant equipment package
- Features onsite living quarters with four bedrooms and additional upstairs space
Executive Summary
This commercial property offers a rare opportunity in the heart of Iron River, MI. The 2,923 SF building includes a fully equipped bar and restaurant complemented by a Michigan liquor license, creating a turnkey solution for buyers. Extensive updates have recently been completed, including a fully remodeled commercial kitchen, new plumbing, updated electrical systems, forced-air heating, a new roof (2018), bathroom renovations, and updated interior and exterior finishes.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
C
Year Built
1932
Price
$299,000
Price Per SF
$49.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Frontage
100’ on Washington Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 055-116-001-00 | Improvements Assessment | $48,980 |
| Land Assessment | $1,050 | Total Assessment | $50,030 |
Property Taxes
Parcel Number
055-116-001-00
Land Assessment
$1,050
Improvements Assessment
$48,980
Total Assessment
$50,030
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130 Washington Ave
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