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).
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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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.