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421 S Stephenson

Iron Mountain, MI 49801
  • $779,900
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 50176869
$779,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,200
    SQFT
  • $186
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1982
County:

School Ratings & Info

Description

Historic Downtown Iron Mountain Restaurant - A Turn-Key Gem Nestled in the heart of historic downtown Iron Mountain, this beautifully renovated and well-patronized restaurant offers a rare blend of timeless charm and modern convenience. Step into a space where the rich history of the past meets today's comfort and innovation. With stories embedded in its walls, guests are invited to relax and share memories over their favorite beverage at the thoughtfully designed bar area-complete with purse holders and built-in phone chargers, offering a touch of modern hospitality. The structure itself is a showstopper, boasting an open concept layout with soaring ceilings and stunning lighting that casts a warm glow over polished floors. Floor-to-ceiling windows flood the dining area with natural light, creating an inviting ambiance for every dining experience. At the heart of the space is a modern open-concept chef's kitchen, featuring state-of-the-art oven ranges and a newly installed, state-approved hood system. Guests can enjoy the unique experience of watching their meals come to life in real time. Supporting the operation is a well-equipped waitress station, a prep kitchen, and two public restrooms. A convenient back hallway entry provides shelter from the elements and easy access from the large public parking lot. The charm continues outdoors, where municipally approved patio seating offers a perfect spot to dine al fresco and take in the downtown atmosphere. Walking distance from the new Marriott Hotel convenient for Iron Mountain visitors. Below, the lower level provides abundant storage with five finished rooms-ideal for rental to local entrepreneurs in need of secure extra space. Additional amenities include a large pantry, a newer reverse osmosis water system, newer hot water tank, and a modern security system, and poured concrete roof. This turn-key restaurant is not only a local favorite, but a rare investment opportunity in a vibrant and growing community. A true treasure ready to welcome its next visionary owner.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-07-18T23:50:34.767.
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421 S Stephenson Iron Mountain, MI 49801

  • Price: $779,900
  • Status: Active
  • On Site: 46 Days
  • MLS #: 50176869
0
Beds
0
Baths
0
½ Baths
0.12
Acres
4,200
SQFT
$186
$/SQFT
1982
Built
Neighborhood:
Iron Mountain (22007)
County:
Dickinson
Area:
Iron Mountain (22007)
Property Description
Historic Downtown Iron Mountain Restaurant - A Turn-Key Gem Nestled in the heart of historic downtown Iron Mountain, this beautifully renovated and well-patronized restaurant offers a rare blend of timeless charm and modern convenience. Step into a space where the rich history of the past meets today's comfort and innovation. With stories embedded in its walls, guests are invited to relax and share memories over their favorite beverage at the thoughtfully designed bar area-complete with purse holders and built-in phone chargers, offering a touch of modern hospitality. The structure itself is a showstopper, boasting an open concept layout with soaring ceilings and stunning lighting that casts a warm glow over polished floors. Floor-to-ceiling windows flood the dining area with natural light, creating an inviting ambiance for every dining experience. At the heart of the space is a modern open-concept chef's kitchen, featuring state-of-the-art oven ranges and a newly installed, state-approved hood system. Guests can enjoy the unique experience of watching their meals come to life in real time. Supporting the operation is a well-equipped waitress station, a prep kitchen, and two public restrooms. A convenient back hallway entry provides shelter from the elements and easy access from the large public parking lot. The charm continues outdoors, where municipally approved patio seating offers a perfect spot to dine al fresco and take in the downtown atmosphere. Walking distance from the new Marriott Hotel convenient for Iron Mountain visitors. Below, the lower level provides abundant storage with five finished rooms-ideal for rental to local entrepreneurs in need of secure extra space. Additional amenities include a large pantry, a newer reverse osmosis water system, newer hot water tank, and a modern security system, and poured concrete roof. This turn-key restaurant is not only a local favorite, but a rare investment opportunity in a vibrant and growing community. A true treasure ready to welcome its next visionary owner.
Exterior Features

Lot Size 50x100 Roads City/County Water Features None Waterfront YN No

Interior Features

Basement YN No Commercial Ceiling Height 16-20 Feet Cooling System Central A/C

Property Features

Additional Documents YN No Assessments YN No Commercial Type Commercial/Industrial Environmental Condition YN No Financial Terms CashCommercial LoanConventional Lease YN No License Available YN No Municipality Iron Mountain Ownership Private Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 6927.83 Summer Tax Year 2024 Total Tax Amount 9001.68 Water Public Water Winter Tax Amount 2073.85 Winter Tax Year 2024

Listing courtesy of LEEDS REAL ESTATE : 906-779-5333.

Source MLS: MiRealSource
Originating MLS: Upper Peninsula Assoc of Realtor

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-07-18T23:50:34.767.
 
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5400 Gateway Center Ste B
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