130 WASHINGTON AVE, Iron River, MI 49935
Iron County
Key Facts
Description
Former Liminal, this 3,000 sq ft turnkey restaurant & bar with full basement is packed with value. Includes a Michigan liquor license and over $220,000 in recent improvements: remodeled kitchen, new plumbing, updated electrical, new forced-air heat, newer roof (2018), new concrete flooring, renovated bathrooms, fresh interior & exterior paint, and premium 10’ Captivaire vent hood. Property includes extensive commercial equipment and bar setup—truly ready for operation. A separate 4-bedroom home on site offers owner occupancy, rental, or Airbnb potential. Located near snowmobile & recreational trails in Iron County. A rare chance to own a ready-made business with built-in income opportunities.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1932
Living Area
2,923 sq ft
Lot Size
3,485 sq ft
Days on Market
107
MLS® Listing#
215539
Property Features
Cooling
Heating
Parking
Construction
Security
Community
Sewer
Water Source
Financial Details
Annual Taxes
$2,733
Tax year 2025
Parcel Number
055-116-001-00
Directions
From Iron River - East on Genesee St, turn right on Lay Ave (Stambaugh Hill) to property at top of hill on right
Affordability Calculator
$59,800
Estimated monthly payment
$1,591/mo
Principal $239,200 · Est. interest $333,705 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Iron River, MI
- $208,333
- Median Listing Price
- 66
- Median Days on Market
- 1,491
- Median Sq Ft
- $192
- Median Price / Sq Ft
- 114
- Active Listings
- This home’s price is 44% above the area median.
- Its price per sq ft is 47% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Iron River, MI.
Location
Points of Interest in Iron River, MI
Showing the Iron River area map.
Nearby Schools
West Iron County Public Schools
School · 0.3 mi away
Stambaugh Elementary School
Elementary · 0.4 mi away
West Iron County Middle High School
Secondary · 0.4 mi away
Forest Park School
School · 14.1 mi away
Florence Elementary School
Elementary · 21.4 mi away
Florence County School District
Secondary · 21.6 mi away
Phelps School
School · 21.8 mi away
Northland Pines Elementary-Land O' Lakes
Elementary · 28.6 mi away
Teaching Drum Outdoor School
School · 28.8 mi away
Watersmeet Township School
School · 28.9 mi away
Pine Mountain Christian School
Secondary · 30.9 mi away
Northland Pines High School
Secondary · 31.4 mi away
Christ Lutheran School
Elementary · 31.6 mi away
Woodland Elementary School
Elementary · 32.1 mi away
Breitung Township Schools
School · 32.1 mi away
North Dickinson County School
School · 32.5 mi away
Conserve School
School · 32.5 mi away
Advanced Welding Institute
School · 32.6 mi away
Three Lakes Junior and Senior high school
Secondary · 32.6 mi away
Three Lakes Elementary School
Elementary · 32.6 mi away
Commute Calculator
Nearby Homes
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 106 ROGERS Avenue, IRON RIVER, MI | $209,900 | 4 | 1 | 2,210 |
| 4735 S Straits Highway, Indian River, MI | $210,000 | — | — | 2,430 |
| 8638 Lannin Road NW, Rapid River Township, MI | $235,000 | — | — | — |
| 68505 Sweet Lake Road, Fawn River Township, MI | $240,000 | 3 | 2 | 1,230 |
| 5064 Wilson Road, Indian River, MI | $249,900 | 2 | 2 | 1,300 |
| 235 Burke Street, River Rouge City, MI | $249,999 | — | — | 8,410 |
Moving Cost Estimate
EXIT Agents in Iron River
Listing Courtesy: KELLER WILLIAMS CLASSIC REALTY NW - 7634637500