Mixed-Use Building with
416 N Teal Lake Avenue, Negaunee, MI 49866
For Sale
New
$200,000
COM/IND/BUS OPP, Negaunee, MI
Property Size4,732 SF
Lot Size0.30 Acres
Price / SF$42.27
Days on Market3
Property Features for 416 N Teal Lake Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Parking features
Lot features
Subdivision
Standard status
Size
Lot size
Additional Details
Mixed-Use Components
Property Use
Condition
Utilities
Water source
Amenities
2-bedroom apartment
large gathering room
additional meeting space
four-car garage
Building Details
Year built
Roof type
Buildings
Listing Agency:
NEXTHOME SUPERIOR LIVING
(906) 214-4267
Listed By:
BENJAMIN ARGALL · License MI #6502430986
(906) 250-2874
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# 50227574
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.
Built in 1900, this two-level property combines a main-floor two-bedroom apartment with a sizable gathering room and further meeting space above. Its previous uses include a hospital and, for the past 25 years, a local Masonic Lodge. The building requires updates throughout. A shingle roof and public water service are noted, and off-street parking is available. The 0.3-acre parcel also has a detached four-car garage measuring 42' x 20'.
The property fronts Business M-28, identified as the principal approach into Negaunee. Its commercial zoning designation is reported as B-1 in the remarks. The existing mix of residential and group-use areas is part of the property's current configuration.
The property fronts Business M-28, identified as the principal approach into Negaunee. Its commercial zoning designation is reported as B-1 in the remarks. The existing mix of residential and group-use areas is part of the property's current configuration.
Key Highlights
- Built in 1900; previously used as a hospital and local Masonic Lodge for the past 25 years
- Two‑bedroom apartment and large gathering room on the main level, with meeting space upstairs
- Detached four‑car garage measures 42' x 20'
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom apartment occupies the main level alongside a large communal room, with additional meeting space upstairs.
Where is this mixed-use property located?
The property is located at 416 N Teal Lake Avenue Negaunee, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Built in 1900; previously used as a hospital and local Masonic Lodge for the past 25 years; Two‑bedroom apartment and large gathering room on the main level, with meeting space upstairs; Detached four‑car garage measures 42' x 20'
