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1710 W Us 41

Ishpeming, MI 49849
  • $490,000
  • STATUS: Active
  • ON SITE: 210 Days
  • MLS #: 50073290
$490,000
  • 0
    BEDS
  • 2.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $163
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

OPPORTUNITY | REPUTATION | LEGACY | HISTORY ...All of these are available to the next owner of this classic Yooper food service establishment! HISTORY: The Russo Brothers founded a namesake grocery store after immigrating to the area in 1938. LEGACY: Fast Forward almost 85 years later, and you'll find that store sold to Super One, and the legacy of the Russo Family living on through Mama Russo's Homemade Products and Catering, started and continued by John and Jean Korhonen. REPUTATION: Mama Russo's is loved by locals across their service area which includes most of the U.P. and NW Wisconsin. Their quality products can be found in most of the local grocers, including Super One, Econo, Pat's Foods, and even larger box stores like Meijer! The are the largest offsite caterer in the U.P. as well, covering most counties including Marquette, Alger, Schoolcraft, Delta, Dickinson, and the Keweenaw. Demand for that service in particular is expected to grow quickly post-pandemic. OPPORTUNITY: Couple the current and future demand with expansion possibilities! There is little competition for catering in the UP, and with the wedding industry rebounding that demand is only expected to increase. There are four streams of service: Frozen food, Deli Salads, Meats, and Catering. All four areas could be successfully expanded, all it will take is the right person with the right vision to step into the position of owner! Included in the purchase is all of the equipment (the equipment alone is worth over $500,000), truck and trailer, recipes, reputation, and good will. Inventory available for separate price, and the John and Jean are willing to stay on for a period of time to help with the transition. After 58 years of dedication to building this wonderful and much-loved business, John and Jean are ready to embrace retirement, and pass the torch to the next owner who will continue the legacy. Head to MamaRusso.com to see their current offerings!

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©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-12-02T23:49:26.14.
www.buyeastsidehomes.com/homes/128452648
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1710 W Us 41 Ishpeming, MI 49849

  • Price: $490,000
  • Status: Active
  • On Site: 210 Days
  • MLS #: 50073290
0
Beds
0
Baths
0
½ Baths
2.02
Acres
3,000
SQFT
$163
$/SQFT
Neighborhood:
Ishpeming Twp (52012)
County:
Marquette
Area:
Ishpeming Twp (52012)
Property Description
OPPORTUNITY | REPUTATION | LEGACY | HISTORY ...All of these are available to the next owner of this classic Yooper food service establishment! HISTORY: The Russo Brothers founded a namesake grocery store after immigrating to the area in 1938. LEGACY: Fast Forward almost 85 years later, and you'll find that store sold to Super One, and the legacy of the Russo Family living on through Mama Russo's Homemade Products and Catering, started and continued by John and Jean Korhonen. REPUTATION: Mama Russo's is loved by locals across their service area which includes most of the U.P. and NW Wisconsin. Their quality products can be found in most of the local grocers, including Super One, Econo, Pat's Foods, and even larger box stores like Meijer! The are the largest offsite caterer in the U.P. as well, covering most counties including Marquette, Alger, Schoolcraft, Delta, Dickinson, and the Keweenaw. Demand for that service in particular is expected to grow quickly post-pandemic. OPPORTUNITY: Couple the current and future demand with expansion possibilities! There is little competition for catering in the UP, and with the wedding industry rebounding that demand is only expected to increase. There are four streams of service: Frozen food, Deli Salads, Meats, and Catering. All four areas could be successfully expanded, all it will take is the right person with the right vision to step into the position of owner! Included in the purchase is all of the equipment (the equipment alone is worth over $500,000), truck and trailer, recipes, reputation, and good will. Inventory available for separate price, and the John and Jean are willing to stay on for a period of time to help with the transition. After 58 years of dedication to building this wonderful and much-loved business, John and Jean are ready to embrace retirement, and pass the torch to the next owner who will continue the legacy. Head to MamaRusso.com to see their current offerings!
Exterior Features

Exterior Construction BlockConcrete/Block Location Corner LotMain Street Lot Size 550X278x278x75x220x92 Parking 11-20 Spaces Roads City/CountyPaved StreetYear Round Water Features None Waterfront YN No

Interior Features

Basement YN No Commercial Ceiling Height Less Than 16 Ft. Commercial Features 220 Volt PowerAda AccessibleBillboardVinyl/Laminate Floors Cooling System Central A/CExhaust Fan

Property Features

Additional Documents YN No Assessments YN No Business Type Food Service Commercial Type Business Encroachment YN No Environmental Condition YN No Financial Terms CashConventional Lease Information Lease Term 3-5 YearsLease Term 6-10 Years Lease YN No License Available YN No Municipality Ishpeming Twp Ownership Other/See Remarks Sale Includes Business Only Sewer Septic Public Sanitary Subject To Short Sale Approval No Water Public Water Zoning Commercial

Listing courtesy of Re/Max 1St Realty : 906-225-1136.

Source MLS: MiRealSource
Originating MLS: Upper Peninsula Assoc of Realtor

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Tom Lipinski Team at Keller Williams Lakeside Market Center. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-12-02T23:49:26.14.
 
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The Tom Lipinski Team at Keller Williams Lakeside Market Center
45609 Village Blvd.
Shelby Township MI, 48315