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    Negaunee, MI
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    Negaunee, MI Retail Properties & Spaces 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,

    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
    Flex Space Building with New Roof
    Updated: Dec 10, 2024
    Flex Space Building with New Roof

    401 Jackson Street, Negaunee, MI 49866

    $200,000
    10,932 sqft 0.43 AC lot
    Approximately 10,932 SF flex space building on 0.43‑acre lot
    New roof installed in 2024 with 15‑year transferrable guarantee
    Flat rubber roof
    Commercial zoning
    Public water service
    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.

    Historic Event Venue Building
    Historic Event Venue Building

    260 Northwoods Rd, Marquette, MI 49855

    Contact for pricing
    15,288 sqft

    1934 Barrel + Beam building with a renovated eastern half, unfinished west wing, and an operating event concept for possible continued tenancy.

    View details
    Auto Shop Building with Paint Booth
    Auto Shop Building with Paint Booth

    2743 US 41 W Highway, Marquette, MI 49855

    $2,500,000
    4,712 sqft 0.83 AC lot

    Commercial-zoned auto repair and detailing building with a paint booth, three oversized overhead doors, and strong US-41 exposure.

    View details
    Retail and Office Space Available
    Retail and Office Space Available

    1790 Ash St, Ishpeming, MI 49849

    $325,000
    0.85 AC lot

    Commercial space with retail, office, and storage potential.

    View details
    Auto Shop with Large Bay
    Auto Shop with Large Bay

    212 S 2nd Street, Ishpeming, MI 49849

    $49,900
    1,287 sqft

    As-is commercial property with a 26' x 30' bay, 13'+ ceilings, and two rolling garage doors for vehicle access.

    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.

    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    411 US 41 E Highway, Negaunee, MI 49866

    $399,900
    21,000 sqft 0.47 AC lot

    Vacant commercial lot with MDOT-approved entry, curbed and paved, and 3-phase electric available.

    View details
    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
    High Exposure Land on Highway
    High Exposure Land on Highway

    E US41/M28 Highway, Negaunee, MI 49866

    $294,000
    1.00 AC lot

    Desirable location with high traffic volume in Michigan's Upper Peninsula.

    View details
    Commercial Lot on US-41 Highway
    Commercial Lot on US-41 Highway

    349 E US41 Highway, Negaunee, MI 49855

    $1,400,000
    2.33 AC lot

    High-visibility 2.33-acre commercial lot with utilities in Negaunee Township.

    View details

    Negaunee, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 2 retail properties & spaces for sale in Negaunee, MI on our real estate platform. These investment opportunities span a total of 16,288 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for stores in Negaunee, MI start at $200,000, averaging $475,000, 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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    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 $475K

    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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