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    Negaunee, MI
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    Negaunee, MI Restaurants for Sale

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    Ishpeming, MI Marquette, MI Champion, MI Gwinn, MI Michigamme, MI Skandia, MI Republic, MI Big Bay, 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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    Restaurant and Bar with Dance Floors
    Updated: Jun 3
    Restaurant and Bar with Dance Floors

    100 Cliff Street, Negaunee, MI 49866

    $990,000
    Restaurant and bar with seating for up to 225 guests
    Two dance floors, including one raised and lighted floor
    4 pool tables, dart machine, and DJ booth sound system
    Drive‑up takeout window and on‑site parking
    Commercial zoning at 100 Cliff Street, Negaunee, MI 49866
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    Pub Building with Terrazzo Flooring
    Pub Building with Terrazzo Flooring

    440 Iron Street, Negaunee, MI 49866

    $99,900
    3,456 sqft

    Former pub space in Negaunee’s downtown business district, adjacent to Jackson Park and nearby dining and recreation.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 3 Active listings in Negaunee, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 3 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.

    Operating Italian Restaurant with Real Estate
    Operating Italian Restaurant with Real Estate

    207 E Pearl Street, Ishpeming, MI 49849

    $585,000
    2,790 sqft 0.12 AC lot

    Established Italian restaurant sale includes the operating business, building, equipment, inventory, POS system, and Class C Liquor License.

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    Turnkey Bar and Restaurant
    Turnkey Bar and Restaurant

    1110 Champion Street, Marquette, MI 49855

    $1,150,000
    4,280 sqft

    Turnkey bar and restaurant for sale with included equipment, furnishings, inventory, and a county liquor license.

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    Historic Coffee Shop and Bar
    Historic Coffee Shop and Bar

    401 N Third Street, Marquette, MI 49855

    $849,000
    2,806 sqft

    Turnkey coffee shop, roastery, and bar in a Victorian building with retained original features and a basement walk-in cooler.

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    Operating Restaurant with Equipment
    Operating Restaurant with Equipment

    207 E Pearl, Ishpeming, MI 49849

    $585,000

    The sale combines an active restaurant business with its building, lot, operating assets, and Class C liquor license.

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    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.

    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    US-41 Highway, Ishpeming, MI 49849

    $150,000
    21.00 AC lot

    Large commercial parcel along US-41 Highway with public water and nearby retail, dining, fuel, healthcare, and brewery businesses.

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    Highway-Frontage Commercial Land
    Highway-Frontage Commercial Land

    362 E US41/M28 Highway, Negaunee, MI 49866

    $995,000
    2.00 AC lot

    Flat commercial site with public water and township sewer available for development.

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    Commercial Highway Frontage Land
    Commercial Highway Frontage Land

    362-368 E US41/M28 Highway, Negaunee, MI 49866

    $2,495,000
    5.00 AC lot

    Flat commercial site with highway exposure and township water and sewer availability.

    View details

    Negaunee, MI Restaurants Market Trends and Statistics

    Explore 3 restaurants for sale in Negaunee, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,812 square feet of properties for sale, with an estimated market value of $1,839,900.

    Sale prices for restaurant properties in Negaunee, MI start at $99,900, averaging $613,300, and reaching up to $990,000 — 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

    Bars & Pubs 3
    Conventional restaurants 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 $613.3K

    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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