About This Home

This 0-bedroom, 0-bathroom commercial at 207 E Pearl Street in Ishpeming, MI is listed for $585,000 ($210 per sqft). Built in 1903, the home offers 2,790 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 1903
  • 0.12 acre lot

Property Details

1903

Amenities

A/C
Listing 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).

Monthly Cost Estimate

$3,129/mo

20% down · 6.5% · 30 years

Principal$423
Interest$2,535
Insurance$171

Estimates only. Actual payments may vary.

Location

207 E Pearl Street

Ishpeming, MI 49849-2023

Property Details

Parking

Offsite

Heating

ZonedForced Air

Cooling

Ceiling Fan(s)Exhaust Fan (Cooling)Humidity ControlCentral Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 207 E Pearl Street is listed at $585,000 ($210/sqft). The estimated monthly payment is $3,129 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1903, 0.12 acre lot.

This property is listed by SCOTT SYRJALA.

SS

SCOTT SYRJALA

Agent at COLDWELL BANKER SCHMIDT REALTORS

Listed by COLDWELL BANKER SCHMIDT REALTORS · Broker phone: 906 2255992

MLS# 50222673· Source: Upper Peninsula Association of Realtors· 37 days on PropertySimple

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.

207 E Pearl Street, Ishpeming, MI 49849-2023

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