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    Negaunee, MI
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    Negaunee, MI Restaurants for Sale

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    Ishpeming, MI Palmer, MI Marquette, MI
    Turnkey Restaurant & Rental Income
    $750,000
    5,356 SF

    Turnkey Restaurant & Rental Income

    305 Iron Street, Negaunee, MI 49866

    Established restaurant and bar with five rental units in Negaunee.

    • 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.
    Updated: Sep 18, 2025
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Negaunee, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

    Established Restaurant Opportunity in Marquette
    $449,900

    Established Restaurant Opportunity in Marquette

    Turnkey restaurant with loyal following on North Third Street.

    824 North 3rd Street, Marquette, MI 49855
    View details
    Established Restaurant in Downtown Ishpeming
    $614,900
    2,790 SF

    Established Restaurant in Downtown Ishpeming

    Turn-key Italian restaurant with real property and liquor license.

    207 E Pearl Street, Ishpeming, MI 49849
    View details
    Marquette Restaurant and Bar Opportunity
    $1,150,000
    4,280 SF

    Marquette Restaurant and Bar Opportunity

    Turnkey restaurant and bar in South Marquette with high visibility.

    1110 Champion St, Marquette, MI 49855
    View details
    Established Italian Restaurant in Ishpeming
    $614,900
    2,790 SF

    Established Italian Restaurant in Ishpeming

    Turn-key Italian restaurant for sale in downtown Ishpeming.

    207 E Pearl, Ishpeming, MI 49849
    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.

    Prime Land Near Highway
    $150,000
    21.00 Acres

    Prime Land Near Highway

    20+ acre commercial land parcel with highway frontage.

    US-41 Highway, Ishpeming, MI 49849
    View details
    Prime Land on US Highway
    $995,000
    2.00 Acres

    Prime Land on US Highway

    High-exposure land on a major highway near Marquette, Michigan.

    362 E US41/M28 Highway, Negaunee, MI 49866
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    Prime Commercial Land in Negaunee
    $2,495,000
    5.00 Acres

    Prime Commercial Land in Negaunee

    High-exposure commercial land on US Highway 41/28 in Negaunee.

    362-368 E US41/M28 Highway, Negaunee, MI 49866
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    Land in Rapid River, MI
    $49,900
    1.97 Acres

    Land in Rapid River, MI

    Commercial land with high traffic exposure in Rapid River.

    7683 US2 HIGHWAY, Rapid River, MI 49878
    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.

    31471 Southfield Rd

    31471 Southfield Rd

    RESTAURANT • 2,867 SF
    Value Estimation by Request
    31471 Southfield Rd, Beverly Hills, MI 48025-5459
    View details
    15616 13th Mile Rd

    15616 13th Mile Rd

    DRIVE-THRU RESTAURANT, FAST FOOD • 4,065 SF
    Value Estimation
    $775,000
    15616 13th Mile Rd, Beverly Hills, MI 48025-5641
    View details
    31305 Southfield Rd

    31305 Southfield Rd

    DRIVE-THRU RESTAURANT, FAST FOOD • 1,921 SF
    Value Estimation by Request
    31305 Southfield Rd, Beverly Hills, MI 48025-5457
    View details

    Negaunee, MI Restaurants Investment Opportunities Market Analysis

    Explore 4 restaurants 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 restaurant properties 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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    Top Commercial Asset Segments

    Bars & Pubs 1

    Demographics Overview

    Population 8,228
    Population Growth (5Y) +1.7%
    Median Household Income $83,433
    College Educated 42.4%

    High-Yield Neighborhoods for Strategic Investment

    Identify Negaunee submarkets with the highest inventory density on the market and evaluate the median 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 sq ft
    Average Loan-to-Value 65.0%

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