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About This Home

This 0-bedroom, 0-bathroom commercial at 130 Washington Avenue in Iron River, MI is listed for $299,000 ($102 per sqft). Built in 1932, the home offers 2,923 sqft of living space on a 0.45 acres lot.

Agent Description

Formerly Liminal, this 2923 sq ft commercial restaurant & bar (with full basement) offers a rare, ready-to-operate business opportunity in the heart of Iron County. The property includes a Michigan liquor license, extensive recent upgrades and a separate residence behind the building-creating the perfect live/work or income-producing setup.

Major improvements include a fully remodeled commercial kitchen, new plumbing, updated electrical, new forced-air heating, newer roof (2018), new concrete flooring, renovated bathrooms, fresh interior & exterior paint, and a premium 10' Captivaire vent hood.

The sale includes a complete lineup of commercial equipment-stove, fryers, prep tables, walk-in cooler & freezer, beer coolers, POS system, salad bar, and more-making this a true turnkey operation. The home offers 4 bedrooms (2 down, 2 up) and more room on the third floor (thinking game room for fun or office space) and great potential to be renovated for owner occupancy, rental income, or Airbnb.

There are 4 lots with this property. Located near popular snowmobile and outdoor recreation trails, this is an ideal destination business with built-in customer traffic. Own the building. Run the business. Live onsite or create rental income. A dream opportunity for entrepreneurs ready to bring their restaurant & bar vision to life.

Key Features

  • Built in 1932
  • 0.45 acre lot

Property Details

1932

Amenities

A/C

Monthly Cost Estimate

$1,599/mo

20% down · 6.5% · 30 years

Principal$216
Interest$1,296
Insurance$87

Estimates only. Actual payments may vary.

Location

130 Washington Avenue

Iron River, MI 49935

Property Details

Heating

Forced Air

Cooling

Exhaust Fan (Cooling)Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 130 Washington Avenue is listed at $299,000 ($102/sqft). The estimated monthly payment is $1,296 based on 20% down at 6.5% interest.

Key features include: Built in 1932, 0.45 acre lot.

This property is listed by NICOLE HEBERT and can be reached at 9062840216 or nikkih@kw.com.

NH

NICOLE HEBERT

Agent at KELLER WILLIAMS CLASSIC REALTY NW

(906) 284-0216

Listed by KELLER WILLIAMS CLASSIC REALTY NW

MLS# 50197464· Source: listhub· Updated 140 days ago

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

130 Washington Avenue, Iron River, MI 49935

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