Mancheski & Associates, Inc

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Listing provided courtesy of NORTHERN TRAILS REALTY- MLS# 10070623MLS Provider

106 E Cloverland DriveIronwood, MI 49938

Commercial · 1,406 Sq. ft. | 0.41 Acres
$200,000 Active

106 E Cloverland Drive Overview

Time on Site:
1554 days
Visits:
352

Price Reduced! Turn key restaurant that has been owned and operated by the same owner for 25 years and is a true destination for tourists looking to enjoy an excellent meal. Very successful business and comes with all equipment and furnishings to generate income immediately! Seating for 45 and many updates have been done. Plenty of parking and conveniently located on Hwy US 2. Owner is ready to retire, but is willing to assist new owner with getting established!

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106 E Cloverland Drive Facts & Features

  • Type Commercial
  • Sq. ft. 1,406
  • Price/Sq.ft. $142
  • Lot 0.41 Acres

Details

General

Building Information

  • Year Built: 1950

Business Information

  • Business Name: Mike's Restaurant

Location/Region

  • County Or Parish: Gogebic
  • MLS Area Minor: Ironwood (27006)
  • Municipality: Ironwood

General Information

  • FUEL TYPE: Natural Gas
  • Ownership: Partnership
  • Property Sub Type: Business
  • Property Type: COM/IND/BUS OPP

Interior

General Information

  • Basement: No
  • COMMERCIAL FEATURES: Cable Internet Installed, Electric Available, Fixtures, Furniture, Pole Sign, Restroom(s), Telephone
  • Cooling: Ceiling Fan(s), Exhaust Fan, Wall/Window A/C
  • Heating: Hot Water
  • Living Area: 1406

Room Information

  • Living Room Level: Yes

Exterior

Parking Information

  • Parking Features: On Site

Lot Information

  • Lot Size: 134x134
  • Lot Size Acres: 0.41
  • Water Source: Public Water

Waterfront/View

  • Waterfront Features: None
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Frame, Wood
  • ROADS: City/County, Year Round

General Information

  • Sewer: Public Sanitary

106 E Cloverland Drive Neighborhood

Community

49938 (Ironwood) Demographics

51
Median Age
29
Population Density (per sq. mile)
37%
College Educated
$36,994
Estimated Median Income
2,736
Estimated Total Home Owners
1,031
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

106 E Cloverland Drive Monthly Cost

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Jeff Payden
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

106 E Cloverland Drive Market Data

Based on the last 30 days in this zip code

$244,337
Average List Price
$123
Average Price per Square Foot
9
Properties Sold
87
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

106 E Cloverland Drive History

Date Event Value Agent
10/10/2025Source: Upper Peninsula MLS Status Change
Active
10/1/2025Source: Upper Peninsula MLS Status Change
Expired
8/16/2024Source: Upper Peninsula MLS Price Reduction
$200,000 -19.7%
7/17/2024Source: Upper Peninsula MLS Status Change
Active
7/10/2024Source: Upper Peninsula MLS Status Change
Back on Market
6/6/2024Source: Upper Peninsula MLS Status Change
Keep Showing-Contgcy Appl
4/15/2024Source: Upper Peninsula MLS Price Reduction
$249,000 -0.4%
4/15/2024Source: Upper Peninsula MLS Status Change
Active
4/8/2024Source: Upper Peninsula MLS Status Change
Expired
12/21/2022Source: Upper Peninsula MLS Price Reduction
$250,000 -37.3%
11/17/2022Source: Upper Peninsula MLS Price Reduction
$399,000 -19.4%
11/17/2022Source: Upper Peninsula MLS Status Change
Active
6/20/2022Source: Upper Peninsula MLS Added to Database
March 28, 2022
4/7/2022Source: Upper Peninsula MLS Status Change
Expired