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    440 Iron St Negaunee, MI 49866

    For Sale
    $109,900

    Historic building, high potential, downtown Negaunee.

    Property size:
    3,456 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 3,456 square foot industrial property, located at 440 Iron Street in Negaunee, Michigan, presents a unique investment opportunity. Situated on a 0.07-acre lot in the heart of Negaunee's revitalized downtown business district, this building boasts a rich history as the former Chappers Pub. The main bar area features original terrazzo flooring, adding character and charm to the space. The property offers significant potential for a variety of small businesses, capitalizing on the recent improvements to the area. City-led upgrades completed in 2023 include new sidewalks and street improvements, enhancing the aesthetic appeal and attracting new businesses to this desirable location. Its proximity to Jackson Park and other dining and recreational attractions further enhances its desirability. This is a rare chance to own a piece of Negaunee's history and be part of its exciting future. The asking price is $109,900. The property's prime location and unique features make it an ideal investment for entrepreneurs seeking a thriving business environment. Don't miss this opportunity to own a piece of Negaunee's vibrant downtown.

    Property Features for 440 Iron St

    General Information

    Property type
    Industrial properties
    Square Feet
    3,456 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1901
    Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Negaunee
    County
    Marquette
    State
    Michigan
    Longitude
    -87.61344
    Latitude
    46.49917

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    FAQs

    What type of property is this?
    Industrial property - Historic building, high potential, downtown Negaunee.
    Where is this industrial property located?
    The property is located at 440 Iron St Negaunee, MI.
    What is the asking price?
    The asking price for this property is $109,900.
    (906) 225-1136
    Request Owner's contact information
    440 Iron St Negaunee, MI 49866
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    Negaunee, MI 49866
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    440 Iron St Negaunee, MI 49866
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