207 E Pearl Street, Ishpeming, MI 49849

$585,000
  • 207 E Pearl Street, Ishpeming, MI 49849 Main Photo

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Active
SQUARE FEET2,790 MLS#50222673
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Own an Ishpeming Institution ? Mama Mias Italian Restaurant Since 1981, Mama Mias 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 Mias has become more than a restaurant, its a part of the communitys history and a name people know and remember. There is tremendous value in what is being offered here. The sale includes the established Mama Mias 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 Mias 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 Mias 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).

207 E Pearl Street | MLS# 50222673

This commercial property located at 207 E Pearl Street, Ishpeming, MI 49849 is currently listed for sale with an asking price of $585,000. Search Ishpeming real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Ceiling Fan(s), Central A/C, Exhaust Fan, Humidity Co
Fuel Type: Natural Gas
Heating: Forced Air, Zoned Heating
Lot Size: 0.12 Acres
Roof Type: Rubber, Tile
Taxes: $4,858
Year Built: 1903

Feature Descriptions

Business Type: Restaurant
Ceiling Height: Less than 16 Ft.
Commercial Features: 2 Phase Power,220 Volt Power, ADA Accessible, Alley, Cafe/Kitchen, Carpet, Ceramic Floor, Delivery Area, Display Window, Fixtures, Floor Drain, Flr Thickness: 4+ - 6 In., Furniture, No Elevator, No Tank, Off Street Loading, Public Restrooms, Reception Area, Restroom(s), Se
Days on Site: 22
Exterior: Brick, Brickcote, Stucco
Licenses: Liquor License
Lot Features: Storm Drains, Utilities Underground
Parking Notes: Municipal, Off Site
Sewer: Public At Street
Summer Tax: 3123
Water: Public Water
Water Features: None
Winter Tax: 1735

Listed By / Shown By

Listed By

Agency Name: COLDWELL BANKER SCHMIDT REALTORS
Agency Phone: 906-225-5992

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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