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    Turnkey Restaurant & Rental Income
    Updated: Sep 18, 2025
    Turnkey Restaurant & Rental Income

    305 Iron Street, Negaunee, MI 49866

    $750,000
    5,356 sqft
    Turnkey restaurant and bar (Jackson’s Pit) with established business and loyal customer base.
    Includes valuable Class C liquor license, Sunday Sales permit, and additional bar license for outdoor events.
    Located in Negaunee's revitalized downtown Social District, benefiting from high visibility and foot traffic.
    Features five residential rental units on the second floor, providing immediate passive income.
    Opportunity to increase rental income from the apartments for added value.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    305 Iron Street, Negaunee, MI 49866,

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $66K
      Annual

    • Price @ 7% Cap

      $939K
      Above asking

    • Last Sold

      Aug 2013
      $175K

    • Property Type

      Commercial (General)
      Built 1890
    View Property Analytics
    Partially Remodeled Apartment Building
    Updated: May 12
    Partially Remodeled Apartment Building

    530 Mitchell Street, Gwinn, MI 49841

    $450,000
    38,997 sqft 19.38 AC lot
    19.38‑acre parcel with roughly 39,000 SF of gross building area
    Wing A configured into five distinct living spaces plus attached garage
    Primary unit in Wing A: two bedrooms, two bathrooms including an en suite
    Wing B includes original school gymnasium, four former classrooms, and guest wing with bunk room
    Wing C remains original with large‑scale storage, garage, and expansive group meeting areas
    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    421 N Front Street, Marquette, MI 49855

    $525,000
    4,258 sqft 0.17 AC lot

    One- and two-bedroom layouts include basement storage, laundry facilities, and five off-street parking spaces.

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    Luxury Waterfront Condominium Residences
    Luxury Waterfront Condominium Residences

    2401 North Lakeshore Boulevard, Marquette, MI 49855

    Contact for pricing
    2,095 sqft

    Exclusive condominium development on Lake Superior with modern interiors.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 4 Active listings in Marquette County, MI, we suggest exploring several alternatives: similar 7 Off-Market properties to explore as potential leads

    Off-Market Properties in Marquette County, MI

    Consider similar Off-Market properties in Marquette County, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    321 Front St
    Multifamily properties

    321 Front St, Marquette, MI 49855

    Value Estimation by Request
    6,048 sqft 0.57 AC lot
    View details
    541 Spring St
    Multifamily properties

    541 Spring St, Marquette, MI 49855

    Value Estimation by Request
    1,656 sqft
    View details
    212 Rock St
    Multifamily properties

    212 Rock St, Marquette, MI 49855

    Value Estimation by Request
    2,094 sqft
    View details
    204 Fisher St
    Multifamily properties

    204 Fisher St, Marquette, MI 49855

    Value Estimation by Request
    1,749 sqft
    View details
    539 Spring St
    Multifamily properties

    539 Spring St, Marquette, MI 49855

    Value Estimation by Request
    1,152 sqft
    View details
    219 Arch St
    Multifamily properties

    219 Arch St, Marquette, MI 49855

    Value Estimation by Request
    1,760 sqft
    View details
    215/219 High St
    Multifamily properties

    215/219 High St, Gwinn, MI 49841

    Value Estimation by Request
    2,021 sqft
    View details

    Marquette County, MI Apartment Buildings Market Trends and Statistics

    Explore 11 apartment buildings for sale in Marquette County, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 50,706 square feet of properties for sale, with an estimated market value of $1,725,000.

    Sale prices for two-family homes in Marquette County, MI start at $450,000, averaging $575,000, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Featured Marquette County Real Estate Agencies

    Realmo connects you with licensed Marquette County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Northern Michigan Land Brokers
    2552 US 41 West Ste 100 Marquette, MI 49855
    Phone: 19062255263
    www.NorthernMichiganLandBrokers.com
    Century 21 Prime Realty
    2112 US 41 Hwy West, Suite 1 Marquette, MI 49855
    Phone: 19062285230
    www.upprimerealty.net/

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