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    Negaunee, MI
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    Negaunee, MI Multifamily 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.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    305 Iron Street, Negaunee, MI 49866,

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    • 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
    Negaunee Duplex: Investment or Owner-Occupied
    Updated: May 18
    Negaunee Duplex: Investment or Owner-Occupied

    315 Tobin Street, Negaunee, MI 49866

    $239,900
    2,078 sqft 0.14 AC lot
    Duplex in Negaunee with two 2‑bedroom, 2‑bath units and private entrances
    New roof installed May 2026, plus new kitchen flooring in Unit 2 (May 2026)
    Natural gas radiant space heating; includes additional space heater
    Unit details: lower unit has in‑unit laundry; upper unit has a private balcony and attic access
    Parking includes 1‑car garage and a large paved driveway with space for 6 cars
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Negaunee, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Turnkey Duplex Income Property
    Turnkey Duplex Income Property

    712 Forest Parkway, Crystal Falls, MI 49920

    $129,900
    1,872 sqft 0.16 AC lot

    Well-laid-out duplex with dual laundry setups, private outdoor space, and a fully fenced yard for reliable rental income potential.

    View details
    Turn-Key 6-Unit Apartment Building
    Turn-Key 6-Unit Apartment Building

    401 Marquette Avenue, Crystal Falls, MI 49920

    $299,900
    5,400 sqft 0.14 AC lot

    Six-unit, three-story complex with coin-operated laundry, tenant appliances, and separate electric and water metering.

    View details
    Marquette 5-Plex Income Opportunity
    Marquette 5-Plex Income Opportunity

    421 N Front Street, Marquette, MI 49855

    $525,000
    4,258 sqft 0.17 AC lot

    Five-unit apartment building near downtown Marquette.

    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.

    Menominee City Building Lot
    Menominee City Building Lot

    605 46th Avenue, Menominee, MI 49858

    Contact for pricing
    0.21 AC lot

    Building lot near Henes Park, ready for construction.

    View details
    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

    View details
    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

    View details
    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

    View details

    Negaunee, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Negaunee, MI on our real estate platform. These investment opportunities span a total of 7,434 square feet of properties for sale, with an estimated market value of $989,900.

    Sale prices for multifamily properties in Negaunee, MI start at $239,900, averaging $494,950, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Duplexes 1

    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 $495K

    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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