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    Negaunee, MI
    Mixed-Use

    Negaunee, MI Mixed-use Properties for Sale

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    Ishpeming, MI Palmer, MI Marquette, MI Champion, MI Gwinn, MI Miami, FL Skandia, MI Republic, MI
    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.
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    This listing looks promising.

    Here's a quick look at some key insights for

    305 Iron Street, Negaunee, MI 49866,

    View Property Analytics

    • 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
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Negaunee, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Historic Downtown Marquette Mixed-Use Building
    Historic Downtown Marquette Mixed-Use Building

    128 West Washington Street, Marquette, MI 49855

    $2,750,000
    65,000 sqft

    Mixed-use building in downtown Marquette with retail, office, and entertainment.

    View details
    Country Village Office/Studio Investment
    Country Village Office/Studio Investment

    1000 Country Ln, Ishpeming, MI 49849

    $650,000
    6,336 sqft

    Well-maintained, fully rented office/studio space in Ishpeming.

    View details
    Downtown Ishpeming Mixed-Use Investment
    Downtown Ishpeming Mixed-Use Investment

    200 E Division St, Ishpeming, MI 49849

    $499,900
    9,486 sqft

    Commercial/residential building with storefronts and apartments in downtown Ishpeming.

    View details
    Updated Office and Apartment Buildings
    Updated Office and Apartment Buildings

    321 N Front St, Marquette, MI 49855

    $420,000
    6,048 sqft

    Multi-suite office and four apartment units in Marquette.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    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.

    View details
    Residential Homesite Land
    Residential Homesite Land

    Pine Creek Road, Vulcan, MI 49892

    $189,000
    27.28 AC lot

    27+ acre homesite on a gentle south-facing slope with open views in three directions.

    View details
    Land on Highway, Norway, MI
    Land on Highway, Norway, MI

    US 2 Highway, Norway, MI 49870

    Contact for pricing
    1.50 AC lot

    1.5 acre commercial land parcel with highway frontage.

    View details
    Recreational Land Near Rapid River
    Recreational Land Near Rapid River

    5 acres Co 513 T Road, Rapid River, MI 49878

    $125,000
    4.90 AC lot

    4.9-acre parcel on Stonington Peninsula, 15 minutes south of Rapid River.

    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.

    327 Us 41
    Manufacturing properties

    327 Us 41, Negaunee, MI 49866

    Value Estimation by Request
    View details

    Negaunee, MI Mixed-Use Properties Market Trends and Statistics

    Explore 2 mixed-use properties for sale in Negaunee, MI on our real estate platform. These investment opportunities span a total of 5,356 square feet of properties for sale, with an estimated market value of $750,000.

    Sale prices for multi use buildings in Negaunee, MI start at $750,000, averaging $750,000, and reaching up to $750,000 — 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
    49866 $750K

    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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