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    Negaunee, MI

    Negaunee, MI Commercial Real Estate 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.
    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
    Flex Space Building with New Roof
    Updated: Dec 10, 2024
    Flex Space Building with New Roof

    401 Jackson Street, Negaunee, MI 49866

    $200,000
    10,932 sqft 0.43 AC lot
    Approximately 10,932 SF flex space building on 0.43‑acre lot
    New roof installed in 2024 with 15‑year transferrable guarantee
    Flat rubber roof
    Commercial zoning
    Public water service
    View details
    Commercial Lot on US-41 Highway
    Commercial Lot on US-41 Highway

    349 E US41 Highway, Negaunee, MI 49855

    $1,400,000
    2.33 AC lot

    High-visibility 2.33-acre commercial lot with utilities in Negaunee Township.

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    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    411 US 41 E Highway, Negaunee, MI 49866

    $399,900
    21,000 sqft 0.47 AC lot

    Vacant commercial lot with MDOT-approved entry, curbed and paved, and 3-phase electric available.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Prime Commercial Land in Negaunee
    Prime Commercial Land in Negaunee

    362-368 E US41/M28 Highway, Negaunee, MI 49866

    $2,495,000
    5.00 AC lot

    High-exposure commercial land on US Highway 41/28 in Negaunee.

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    Prime Land on US Highway
    Prime Land on US Highway

    362 E US41/M28 Highway, Negaunee, MI 49866

    $995,000
    2.00 AC lot

    High-exposure land on a major highway near Marquette, Michigan.

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    High Exposure Land on Highway
    High Exposure Land on Highway

    E US41/M28 Highway, Negaunee, MI 49866

    $294,000
    1.00 AC lot

    Desirable location with high traffic volume in Michigan's Upper Peninsula.

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    Versatile Space in Historic Downtown
    Versatile Space in Historic Downtown

    401 Jackson, Negaunee, MI 49866

    $200,000
    10,932 sqft

    Nearly 11,000 sq ft of versatile space in Negaunee.

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    High Exposure Acreage on Highway
    High Exposure Acreage on Highway

    360 E US41/M28 Highway, Negaunee, MI 49866

    $970,000
    39.00 AC lot

    Large acreage site with high traffic exposure near Marquette.

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    Flex Warehouse with Office
    Flex Warehouse with Office

    108 Co Rd 480, Negaunee, MI 49866

    Contact for pricing
    1,700 sqft

    Flex warehouse with office space, one bathroom, two large bay doors, storage, and ample parking.

    View details
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 10 Active listings in Negaunee, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Versatile Commercial Building in Ishpeming
    Versatile Commercial Building in Ishpeming

    536 Mather Ave, Ishpeming, MI 49849

    Contact for pricing
    6,450 sqft

    Adaptable commercial building with garage space in Ishpeming, Michigan.

    View details
    Retail and Office Space Available
    Retail and Office Space Available

    1790 Ash St, Ishpeming, MI 49849

    $325,000
    0.85 AC lot

    Commercial space with retail, office, and storage potential.

    View details
    Development Land Near Retail Hub
    Development Land Near Retail Hub

    420 Brickyard Road, Marquette, MI 49855

    $589,500

    2.74 acres of land near major retailers.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    W US 41 Highway, Marquette, MI 49855

    $6,900,000
    43.00 AC lot

    43 acres of wooded land with 1,900 feet of frontage on US 41 in a Development District zone.

    View details

    Off-Market Properties in Negaunee, MI

    Consider similar Off-Market properties in Negaunee, 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.

    387 Silver St
    COMMERCIAL (GENERAL)

    387 Silver St, Negaunee, MI 49866-1844

    $100,000
    Estimated value
    1,064 sqft 0.10 AC lot
    View details
    324 Iron St
    COMMERCIAL (GENERAL)

    324 Iron St, Negaunee, MI 49866-1830

    Value Estimation by Request
    4,950 sqft 0.15 AC lot
    View details
    302 State Hwy M35
    VACANT COMMERCIAL LAND

    302 State Hwy M35, Negaunee, MI 49866-9598

    Value Estimation by Request
    1.00 AC lot
    View details
    75 Us Hwy 41st E
    COMMERCIAL (GENERAL)

    75 Us Hwy 41st E, Negaunee, MI 49866-9422

    $525,000
    Estimated value
    28,060 sqft 16.65 AC lot
    View details
    305 Division St
    COMMERCIAL (GENERAL)

    305 Division St, Negaunee, MI 49866-1866

    $180,000
    Estimated value
    4,152 sqft 0.98 AC lot
    View details
    100 Malton Rd
    COMMERCIAL (GENERAL)

    100 Malton Rd, Negaunee, MI 49866-2001

    $390,000
    Estimated value
    26,928 sqft 6.19 AC lot
    View details
    177 Us Hwy 41st E
    COMMERCIAL (GENERAL)

    177 Us Hwy 41st E, Negaunee, MI 49866-9662

    $510,000
    Estimated value
    17,316 sqft 1.50 AC lot
    View details
    104 Malton Rd
    COMMERCIAL (GENERAL)

    104 Malton Rd, Negaunee, MI 49866-2000

    $605,000
    Estimated value
    21.20 AC lot
    View details
    305 Iron St
    COMMERCIAL (GENERAL)

    305 Iron St, Negaunee, MI 49866-1829

    $195,000
    Estimated value
    5,356 sqft 0.07 AC lot
    View details
    1017 Maas St
    VACANT COMMERCIAL LAND

    1017 Maas St, Negaunee, MI 49866-1503

    Value Estimation by Request
    1.11 AC lot
    View details
    Acreage
    VACANT COMMERCIAL LAND

    Acreage, Negaunee, MI 49866

    Value Estimation by Request
    40.00 AC lot
    View details
    600 Us Hwy 41
    COMMERCIAL (GENERAL)

    600 Us Hwy 41, Negaunee, MI 49866-1017

    $95,000
    Estimated value
    1,592 sqft 0.38 AC lot
    View details
    Negaunee, MI 49866
    VACANT COMMERCIAL LAND

    Negaunee, MI 49866

    Value Estimation by Request
    0.13 AC lot
    View details
    420 Us Hwy 41st E
    COMMERCIAL (GENERAL)

    420 Us Hwy 41st E, Negaunee, MI 49866-9626

    $465,000
    Estimated value
    9,432 sqft 0.84 AC lot
    View details

    Negaunee, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Negaunee, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 49,920 square feet of properties for sale, with an estimated market value of $7,703,900.

    Sale prices for business properties in Negaunee, MI start at $200,000, averaging $855,988, and reaching up to $2,495,000 — 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
    Negaunee $707.3K
    Marquette $1.4M

    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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    • 49866
    • 49855

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