Mama Mia’s: An Iconic, Turn-Key Italian Restaurant in the Heart of Upper Michigan

For Sale

207 E Pearl St, Ishpeming, MI 49849

This Ishpeming property for sale is located at 207 E Pearl St. The current listed sale price for Mama Mia’s: An Iconic, Turn-Key Italian Restaurant in the Heart of Upper Michigan is $585,000. Mama Mia’s: An Iconic, Turn-Key Italian Restaurant in the Heart of Upper Michigan is situated on a lot that is 0.07 acre in size.

Contacts

Christina Gervasi

Schmidt Realtors

Property Details

  • Property Type Retail - Restaurant
  • Property Size 2,790 SF
  • Lot Size 0.07 Acre
  • Date Updated Oct 13, 2026
Located in the heart of downtown Ishpeming, this turn-key, year-round operation attracts both local regulars and seasonal traffic—from summer tourists to winter snowmobilers.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).
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  • 82/100

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  • 69/100

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Location

  • City Ishpeming, MI
  • Zip Code 49849

Points of Interest

  • Hometown Service

    0.13 miles

  • Zephyr Fuel

    0.23 miles

  • Oasis Gas

    0.31 miles

  • FAST STOP Express

    0.57 miles

  • Shell

    0.94 miles

  • Holiday

    0.97 miles

  • Jim's Jubilee Foods

    1.01 miles

  • Krist

    2.89 miles

  • Bucks Party Store

    2.91 miles

  • Park and Ride Lot

    1.29 miles

  • Congress Pizza

    0.08 miles

  • Buck's

    0.10 miles

  • Pizza Hut

    0.93 miles

  • McDonald's

    0.96 miles

  • Burger King

    0.98 miles

  • Blimpie

    1.00 miles

  • Slap Shot Sandwiches

    2.70 miles

  • Iron Town Pasties

    2.84 miles

  • Pasquali's

    2.85 miles

  • Border Grill

    3.01 miles

  • Jim's Jubilee Foods

    0.14 miles

  • Super One Foods

    3.13 miles

  • 581 Little Store

    6.36 miles

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