Maplewood Steakhouse 156 E Cloverland Dr

Investment Highlights

Prime Commercial Location. Currently used as a bar/restaurant. Huge 6,300 sq.ft. space.

Executive Summary

Investment opportunity in Ironwood, MI! Prime commercial location currently set up as a restaurant/bar but offers a multitude of other commercial opportunities! Most recently this property was well known as the most popular restaurant in the area, Maplewood Steakhouse. The building boasts over 6300 square feet of space to include a large wrap around bar area that seats 25+/-, an open dining and bar area, enormous and carefully laid out floor plan in the kitchen, prep area, waitress station and dishwashing area, private dining area along with tasteful finishes throughout. Large walk-in coolers, storage galore, women and men?s restroom, dedicated blacktopped parking area, along with easy access off US 2; one of the busiest & most visible locations in the area. New rubber roof in 2023, insulation in 2023, updated HVAC system and new water heater. Liquor license available. This is a fantastic opportunity to own a quality built commercial property in Ironwood, Michigan!!

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Fast Food Restaurant
• Building Size    6,371
• Building Class    C
• Year Built    1989
• Price    399,900
• Price Per SF    63
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.20
• Land Acres    0.73 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Corner Lot
• Pylon Sign
• Restaurant
• Signage
• Recessed Lighting
• Air Conditioning