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$585,000

Est. payment - /mo

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2,790 SqFt

New

207 E Pearl Street Ishpeming, MI 49849-2023

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Jody Kosanke

jbahomesmi@gmail.com +1(586) 770-6977

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 2,790 sqft

Price per Sqft $209

Subdivision Mi

MLS Listing ID 50222673

Year Built 1903

Annual Tax Amount $4,858

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 105x50

Property Sub-Type Business

Property 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).

Location

State MI

County Marquette

Area Ishpeming (52013)

Zoning Commercial

Interior

Heating Forced Air, Zoned Heating

Cooling Ceiling Fan(s), Central A/C, Exhaust Fan, Humidity Control

Exterior

Parking Features Municipal, Off Site

Roof Type Rubber,Tile

Building

Lot Description Storm Drains, Utilities Underground

Foundation Basement

Water Public Water

Structure Type Brick,Brickcote,Stucco

Others

Ownership LLC

SqFt Source CubiCasa

Energy Description Natural Gas

Financing Cash,Commercial Loan

Virtual Tour https://my.matterport.com/show/?m=7fhmeraKBsB

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by COLDWELL BANKER SCHMIDT REALTORS

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Jody Kosanke

Realtor

+1(586) 770-6977

207 E Pearl Street Ishpeming, MI 49849-2023

Jody Kosanke

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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207 E Pearl Street