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305 Iron Street Negaunee, MI 49866

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For Sale
$750,000

Established restaurant and bar with five rental units in Negaunee.

Type:Lodging and Hospitality
Property size:
5,356 SF
Added:
Sep 18, 2025
Days on Market:
198
Last Refresh:
Apr 1 at 8:15 pm

Property Features for 305 Iron Street

General Information

Standard status
Active
Size
5,356 SF
Property subtype
Lodging and Hospitality

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Listing Contact
Bradley Argall
Bradley Argall

Listing agent Bradley Argall License #6501400975

Listing office RE/MAX

Listing date Sep 18, 2025

Source Remaxcommercial

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX


Overview

Turnkey Restaurant & Rental Income

Located in downtown Negaunee, this property features Jackson’s Pit, a fully operational restaurant and bar. The business includes a Class C liquor license, Sunday Sales, and an additional bar license suitable for outdoor events. The property is situated in the City of Negaunee’s Social District, benefiting from increased visibility and foot traffic. The second floor contains five residential rental units, providing passive income. The property is a mixed-use building with both commercial and residential components. The building size is 5356 square feet. The property is suitable for entrepreneurs looking to own a restaurant or investors seeking a mixed-use property.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Jackson's Pit Gourmet ... Bar & Pub

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Similar Places Nearby

  • Tino's Bar and Pizza 220 Iron St, Negaunee, MI 49866
  • Smarty's Saloon 212 Iron St, Negaunee, MI 49866
  • Barr's Bar 511 Iron St, Negaunee, MI 49866
  • Jackson's Pit Gourmet Grill & Bar 305 Iron St, Negaunee, MI 49866
  • Upper Peninsula Brewing Company 342 Rail St, Negaunee, MI 49866

Location Insight

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  • Local Demand
City
Negaunee
County
Marquette
State
Michigan
Longitude
-87.6109
Latitude
46.4989

FAQs

What type of property is this?
Bar & Pub - Established restaurant and bar with five rental units in Negaunee.
Where is this bar & pub located?
The property is located at 305 Iron Street Negaunee, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 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.
More about this property
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