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    Negaunee, MI
    Residential Income

    Negaunee, MI Residential Income 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,

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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
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    Versatile Commercial Building
    Versatile Commercial Building

    798 E US 41 Highway, Negaunee, MI 49866

    $169,900
    1,181 sqft 0.27 AC lot

    Commercially zoned property with a flexible main-floor layout and an unfinished basement for storage.

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    Vacation Rental Property with Spa
    Vacation Rental Property with Spa

    586 US Hwy 41, Negaunee, MI 49866

    Contact for pricing

    Nearly 5 acres with 340 feet of frontage along US Hwy 41, plus remodeled living space, spa/salon, and an insulated garage.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 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.

    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    326 W Barnum Street, Ishpeming, MI 49849

    $155,000
    1,716 sqft 0.11 AC lot

    Two residential units each include two bedrooms and one full bathroom, plus a detached two-car garage.

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    Duplex with Two 2BR Units
    Duplex with Two 2BR Units

    404 S 3rd Street, Ishpeming, MI 49849

    $174,900
    1,782 sqft 0.08 AC lot

    Turnkey duplex with two 2-bedroom, 1-bath units and direct basement access for laundry and storage.

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    Updated Mixed-Use Building
    Updated Mixed-Use Building

    519 W Washington St, Marquette, MI 49855

    $859,000
    3,522 sqft

    Mixed-use property with a high-visibility storefront and two residential units, plus a basement steam room and back parking.

    View details
    Commercial Land with Multi-Street Frontage
    Commercial Land with Multi-Street Frontage

    2100 W US 41 Highway, Marquette, MI 49855

    $3,700,000
    2.20 AC lot

    More than two acres on the US 41 corridor with multiple street frontages and existing office and residential structures.

    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.

    200 Acres Near Marquette
    200 Acres Near Marquette

    County Road 492 Highway, Negaunee, MI 49866

    $665,000
    200.00 AC lot

    200 acres near Marquette with year-round access.

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    Waterfront Recreation Land
    Waterfront Recreation Land

    170 Acres off CR 573 Road, Ishpeming, MI 49849

    $199,900
    170.00 AC lot

    170 acres on the Little Dead River with ridge-top views and cabin sites for rural recreation or retreat use.

    View details
    Forested Land Near Ishpeming
    Forested Land Near Ishpeming

    200 Acres CR 573 Road, Ishpeming, MI 49849

    $160,000
    200.00 AC lot

    200 acres of forested land, great access, close to town.

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    280 Acres Recreation Land Ishpeming
    280 Acres Recreation Land Ishpeming

    280 Acres County Road CCN, Ishpeming, MI 49849

    $224,000
    280.00 AC lot

    Large acreage tract perfect for recreation and off-grid living.

    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.

    492 Co Rd
    Land

    492 Co Rd, Negaunee, MI 49855

    Value Estimation by Request
    17.00 AC lot
    View details

    Negaunee, MI Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Negaunee, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 8,615 square feet of properties for sale, with an estimated market value of $1,159,800.

    Sale prices for residential income properties in Negaunee, MI start at $169,900, averaging $386,600, 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

    Multifamily properties 3
    Duplexes 2
    Apartment buildings 1
    Short term rental properties 1
    Single family properties 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 $386.6K

    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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