Restaurant and Bar with Dance
For Sale
$849,000
100 Cliff Street, Negaunee, MI 49866
COM/IND/BUS OPP, Negaunee, MI
Property Size5,295 SF
Lot Size0.74 Acres
Price / SF$160.34
Days on Market237
Property Features for 100 Cliff Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Main Street, Utilities Above Ground
Subdivision
Negaunee (52021)
Standard status
Active
Size
5,295 SF
Lot size
0.74 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
6831
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
FRAN SEVEGNEY
(906) 869-7465
Added: Mar 6
Changed: Oct 21
Last Checked: Oct 29 at 3:06AM
MLS# 50201116
Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,295-square-foot restaurant and bar sits on a 0.74-acre parcel and was built in 1972. The interior accommodates up to 225 guests and includes two dance floors, a DJ sound system, four pool tables, a dart machine and a bar. A drive-up takeout window and parking lot are also part of the property.
Zoned Commercial, the building has forced-air heating, central air conditioning and a public water source. It is currently open Tuesday through Saturday from 4 p.m. to 9 p.m. and is located one block from the highway.
Zoned Commercial, the building has forced-air heating, central air conditioning and a public water source. It is currently open Tuesday through Saturday from 4 p.m. to 9 p.m. and is located one block from the highway.
Key Highlights
- Restaurant and bar with seating for up to 225 guests
- 5,295‑square‑foot building on 0.74 acres
- Two dance floors and a DJ sound system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,337
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,740
$1.5M
Cap Rate 7%
$1,047,671
$1.0M
Cap Rate 9%
$814,856
$814.9K
Market Conditions
NOI Build-Up for 5,295 SF
Gross rent
$100.4K $18.96/SF
− Vacancy
−$2.6K −$0.49/SF
EGI
$97.8K $18.47/SF
− OpEx
−$24.4K −$4.62/SF
NOI
$73.3K $13.85/SF
Area
Marquette County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,740
Cap Rate 7%
$1,047,671
Cap Rate 9%
$814,856
Alternative Uses
Best Use
Specialty Retail
$1.05M
$916.7K – $1.22M
NOI $73,337 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,162 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Groceries 39%
Dining 4%
Super One Foods
Groceries
18,859 visits/mo
0.4 miles
Holiday Station Store
Shops & Services
17,880 visits/mo
0.2 miles
Dollar General
Shops & Services
6,091 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,692 visits/mo
0.3 miles
SUBWAY
Dining
1,986 visits/mo
0.3 miles
Demographics for 49866, MI
8,259
Population
3,723
Households
2.2
Avg Household Size
41
Median Age
34%
College-Educated
96%
High-School Grad
201.3 sq mi
ZIP Area
41
Density / Sq Mi
$83,433
Median Household Income
$47,467
Median Earnings
$900
Median Rent
$191,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The venue combines substantial event seating, a drive-up takeout window, game areas and on-site parking.
Where is this conventional restaurant located?
The property is located at 100 Cliff Street Negaunee, MI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Restaurant and bar with seating for up to 225 guests; 5,295‑square‑foot building on 0.74 acres; Two dance floors and a DJ sound system
