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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 Champion, MI Gwinn, MI Skandia, MI Miami, FL 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 8 Potential Opportunities for your consideration. Besides 1 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.

    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.

    View details
    Bar and Grill with Highway Exposure
    Bar and Grill with Highway Exposure

    N10086 M95 Highway, Sagola, MI 49881

    $145,000
    1,600 sqft 1.26 AC lot

    Existing bar-and-grill property with included furnishings, equipment, and fixtures.

    View details
    COMMERCIAL - Sagola, MI
    COMMERCIAL - Sagola, MI

    N10086 M95 Hwy, Sagola, MI 49881

    $145,000
    1,600 sqft 1.26 AC lot

    Existing bar-and-grill property with included furnishings, equipment, and fixtures.

    View details
    Established Brewery Business Opportunity
    Established Brewery Business Opportunity

    501 S Lake Street, Marquette, MI 49855

    Contact for pricing

    Award-winning brewery for sale with equipment, recipes, and branding.

    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
    Prime Land Near Highway

    US-41 Highway, Ishpeming, MI 49849

    $150,000
    21.00 AC lot

    20+ acre commercial land parcel with highway frontage.

    View details
    Prime Land on US Highway
    Prime Land on US Highway

    362 E US41/M28 Highway, Negaunee, MI 49866

    $995,000
    2.00 AC lot

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

    View details
    Prime Commercial Land in Negaunee
    Prime Commercial Land in Negaunee

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

    $2,495,000
    5.00 AC lot

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

    View details

    Negaunee, MI Restaurants Market Trends and Statistics

    Explore 1 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 average $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

    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 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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