Apartment Building

Negaunee, MI Apartment Buildings for Sale

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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.
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See what stands out in Marquette County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Negaunee, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

10-Unit Apartment Building
10-Unit Apartment Building

42280 Willson Memorial Drive, Chassell, MI 49916

$640,000
8,184 sqft 1.03 AC lot

Renovated multifamily property offering studio, one-bedroom, and two-bedroom residences with tenant-controlled HVAC and coin laundry.

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Renovated 10-Unit Apartment Building
Renovated 10-Unit Apartment Building

42280 Willson Memorial Drive, Chassell, MI 49916

$640,000
8,184 sqft 1.03 AC lot

Renovated multifamily property with mixed unit types, tenant-controlled HVAC, and coin laundry.

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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.

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Negaunee, MI Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Negaunee, MI on our real estate platform. These investment opportunities span a total of 5,356 square feet of properties for sale, with an estimated market value of $750,000.

Sale prices for two-family homes in Negaunee, MI average $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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Demographics Overview

Population 8,228
Population Growth (5Y) +1.7%
Median Household Income $83,433
College Educated 42.4%

High-Yield Neighborhoods for Investment

Identify Negaunee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
49866 $750K

Taxes & Financing

Tax Rate (average for all types) 4.64%
Property Tax per SF $81.75 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marquette County

New Delisted

Total CRE Inventory on Market (SF)

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