Turnkey mixed-use opportunity in the heart of downtown Negaunee. This well-maintained building offers a high-performing short-term rental upstairs and a fully leased commercial space on the main level, creating an impressive investment package from day one. The upper residential unit has been thoughtfully updated and consistently delivers strong performance, boasting a 4.98-star rating with 91 reviews over four years. Renovated with quality and longevity in mind, it features new furnishings (2022), updated kitchen appliances, a 2025 tankless gas water heater, high-efficiency boiler, new washer and dryer (2025), and electrical improvements. A full sewer line and drain replacement was completed in 2022. Additional conveniences include an Ecobee smart thermostat, Schlage Encode keyless entry system, and window A/C units. This unit is offered fully furnished, making operations seamless. The main-level commercial space provides reliable income with a lease in place at $1,400/month through October 2026. Utilities for this space are separately metered and paid by the tenant, while the owner covers trash and internet. Current performance shows approximately $50,460 in short-term rental revenue year-to-date and $65,700 in total rental income, with an estimated NOI of around $27,000. A heated garage/basement below the building adds valuable flexibility for storage or future income-producing potential such as heated storage units. Located just steps from The Depot venue, downtown dining and shopping, and close to year-round recreation including RAMBA trails, the Iron Ore Heritage Trail, and ATV/snowmobile routes, this property is ideally positioned for continued success. Also listed under residential, MLS# 50194888.
Excellent investment opportunity in Negaunee, Michigan. This fully renovated commercial property delivers a secure 9% CAP rate with The Fire Station Cannabis Co. as the long term tenant under an absolute NNN lease. Founded in 2019 as the first recreational dispensary in Michiganâ??s Upper Peninsula, The Fire Station has expanded to 10 operating locations with additional stores in development, including its first in Lower Michigan. Locally owned and family operated, The Fire Station has built an outstanding reputation for premium service and consistent growth. The building totals 1,721 square feet and sits on 1.61 acres. The Fire Station is offering 2% annual rent increases and zero landlord responsibilities, ensuring predictable, hands-off income. With a negotiable lease term and highly visible location on US 41, this property combines stability, strong tenancy, and long-term growth potential. An ideal opportunity for investors seeking a reliable asset or completing a 1031 exchange. Please note: The Fire Station Cannabis Co. is not for sale and will continue to operate as the tenant in the event of a building sale.
Turnkey Restaurant/Bar with Rental Income â?? Prime Downtown Negaunee Location Opportunity knocks in the heart of Negauneeâ??s revitalized downtown! Jacksonâ??s Pit, a well-established and locally loved restaurant and bar on Iron Street, is now available. This fully operational business comes with a Class C liquor license, Sunday Sales, and an additional bar license for outdoor events â?? perfect for maximizing revenue during festivals, social district events, and summer gatherings. Situated in the City of Negauneeâ??s Social District, the property benefits from increased visibility and foot traffic as the area continues to grow and attract both residents and visitors. The second floor features five residential rental units, offering immediate passive income with room to increase rents for added value. Live your dream of being your own boss while enjoying an additional revenue stream from the apartments above. Whether you're an entrepreneur looking to own your first restaurant or an investor seeking a mixed-use property in a growing area, Jacksonâ??s Pit delivers on both business and real estate potential. Don't miss this rare chance to own a piece of Iron Street in a community on the rise.
Great investment opportunity in a prime Negaunee location! Situated near US 41 on one of the cityâ??s most traveled roads, this property offers excellent visibility and convenience for a variety of business ventures. The 3,864 square foot building is thoughtfully divided, featuring three suites on one side and two on the otherâ??each with its own entrance. Two parking areas provide ample space for both staff and customers. Additional features include air conditioning throughout and a spacious basement ideal for storage. Whether you're looking to expand your business, open a new location, or generate rental income by leasing out units, this is a versatile property with strong potential. Donâ??t miss this opportunity to grow your investment portfolio in the city of Negaunee!
LOCATION. Key to Business Success. Nearly 5 acres--340 feet of frontage--on one of the busiest sections of US 41 in the entire U.P. PLUS frontage on the Iron Ore Heritage Trail--a Marquette county GEM! The BEST of both worlds; highway exposure & trail side. No wonder the Heritage Haus (sleeps 10) is a sought after vacation rental. Home features 4032 square feet of remodeled living space. 4-5 bedrooms/2 baths on the Upper Level--and at $350 per night--a lucrative short-term vacation rental. This space could easily become long-term or turn the entire home into a single residence. Ground level is another 3 bedroom apartment as well as spa/salon. Detached 32x20 propane heated garage for extra storage, or even a great space to rent bikes or repair snowmobiles. What a package: 2 homes and business space all under 1 roof with loads of parking. Home is on I beams and can be re-located. Back yard decks face the Iron Ore Heritage trail to hike, bike or snowmobile and the fire pit welcomes guests to gather to tell stories from the day's adventures. Imagine what this space can become by adding a wedding venue under the apple trees. If you find a better deal, Jump ON IT!
NOW AVAILABLE for a REFRESHED PRICE! Own a piece of Negaunee HISTORY! Bucks Party Store has been a staple in the beloved City of Negaunee for over 40 years. This gas station/convenience store is in a great spot in the middle of Downtown Negaunee serving passers-through as well as the locals of Downtown Negaunee, not to mention the schools that are close by! Fill up the car, grab some snacks and a coffee, and you're on your way to a beautiful day. It's time for a new owner for this classic spot - are you going to be the one to breathe some new life into this great opportunity? Call your agent today for more details!
Iconic Negaunee Restaurant & Bar â?? A Local Staple Since the 1970's. Welcome to one of Negaunee's most beloved neighborhood hangouts, where great food, cold drinks, and lively entertainment have brought people together for over five decades. Known for serving up fresh, delicious dishes like mouthwatering pizzas, savory cudighis, and crowd-favorite chicken nachos, cheesy bites and pizza bites this establishment has earned its place as a community treasure. Ample Seating & Entertainment Spaces: With seating for up to 225 guests, the venue offers both a raised, lighted dance floor and an additional lower dance floor, perfect for hosting events of all kinds. The full bar boasts an impressive selection of assorted beers on tap, bottled beer, wine, and expertly crafted mixed drinksâ??just name your poison! Entertainment for Everyone: Guests can enjoy 4 pool tables, a dart machine and other games can be added as space is available, creating an inviting atmosphere for both casual visitors and regular patrons. The venue is also home to pool leagues, with three teams proudly representing the establishment. A Venue for Every Occasion: Over the years, this space has successfully hosted countless events, including wedding receptions, birthday and surprise parties, graduation celebrations, live local band performances, retirement gatherings, Christmas parties, and even comedy acts on Friday night, class reunions during Pioneer Days and other times. Fundraisers and benefit events have also been a staple, showcasing the establishment's deep connection to the community. Convenient Features: Drive-up takeout window for customers on the go. Ample on-site parking for large events. Clean, well-maintained, and efficiently operated. Fully functioning dance floor/DJ booth sound system which lights up. After 52 successful years of ownership, the founder is ready to retire, leaving behind a legacy and an incredible opportunity for new owners to carry the torch. With endless potential for growth and creativity, this establishment is ready for its next chapter. Don't Miss Out on This Unique Opportunity! Schedule your private showing today and envision your future in this thriving business. Pre-approval/Proof of funds required prior to showings. Financials available upon receipt of Nondisclosure agreement. Currently open Tuesday through Saturday from 4pm to 9pm. Leaving more opportunities for additional hours and days of operation. Located just one block off the highway for easy access.
Historic Commercial Building in Prime Negaunee Location! A rare opportunity to own a well-known historic building in the heart of Negaunee! Boasting nearly 6,500 square feet above ground, this iconic brick building features striking architectural details, including arched windows, a cupola, and dormer windows. The interior showcases original woodwork and trim, concrete ceilings, and original vaults on multiple levels. The main floor offers office space, while the second floor includes additional offices and a conference room. The third floor provides office and storage space, with the attic/fourth floor and basement available for additional storage. This versatile property presents numerous possibilitiesâ??continue its use as office space, generate rental income, or explore potential conversion options (short- or long-term rentals). Located just steps from Negauneeâ??s vibrant downtown business district and the Iron Ore Heritage Trail, this property is ideally positioned for convenience. Plenty of parking adds to the accessibility and functionality of this prime location. Priced below a recent appraisal, offering immediate equity potential. Donâ??t miss the chance to bring your vision to life in this distinguished landmark!
Unlock the potential of nearly 11,000 square feet of versatile space in the heart of historic downtown Negaunee! Whether you're envisioning warehouse storage, retail space, studio apartments, or launching a new business, this property is your blank canvas. Relocate your current business or bring your entrepreneurial dreams to life in a location brimming with charm, character, and community. Situated in a vibrant downtown area, this expansive property offers endless opportunities to make your vision a reality. Donâ??t miss your chance to be part of all that downtown Negaunee has to offer! New Roof in 2024 with 15 year guarantee transferrable to new owner. Land Contract will be considered.
Own a piece of history in the rapidly developing Negaunee downtown business district. This property was once Chappers Pub. Terrazzo flooring in the main bar area. Loads of potential for a new small business. New sidewalks and street improvements by the city in 2023 has made this end of town stunning and attractive to new prospective businesses and is right next to Jackson Park and dining and other recreation attractions.
Looking for maximum visibility for your business? This property offers prime exposure on a year-round Federal/State Highway with nearly 20,000 vehicles passing by daily. Conveniently situated between Marquette and Negaunee in Michiganâ??s North Central Upper Peninsula, this location ensures easy access and excellent visibility. The seller is flexible and willing to negotiate frontage, boundary lines, and total acreage to suit your business needs.
Highly sought-after, US 41 Frontage. According to MDOT, on average, nearly 20,000 vehicles pass by this vacant lot daily. Lot already has MDOT approved entry way, curbed and paved. Property also has 3 phase electric to it. Nestled in amongst a variety of businesses, this lot is perfect for the next new business to find it's home. Sale or lease. Land Contract terms also also negotiable.
Modern strip mall with 6 tenants plus 1 vacancy. Prime location with highway frontage next to Synder Drugs, Dollar General and Super One Foods. End unit available for lease. 3040 sqft with additional 3689 sq ft. heated storage space, basement access and 1050 sq ft. storage area with loading dock.
Bear Mountain LLC is an established Hunting Estate in the Ag-Tourism industry that provides, year around, fully guided Hunting Adventures. As a guest-focused, hospitality business, hunters stay at Bear Mountain Lodge as they pursue, slay and then take home their fully butchered farm products from wild boar and other privately owned game animals. The Bear Mountain Lodge is located in the Upper Peninsula in the heart of Lake Superior Country, located just 15 minutes from Marquette's lower harbor. The estate includes a 4,700+ square foot hunting lodge with 5 private bedrooms, totaling 19 full sized beds, 4 bathrooms, 2 offices, storage, dry area and more! The Lodge is situated on 128 +\- Acres of northern forest and hunting grounds primarily used for hunting wild boar and mountain rams. However many other types of privately owned game animals have been successfully taken over the past 20 plus years. The business includes everything needed to successfully manage and operate the Hunting Estate for all four seasons for Hunt Operations, Farm Operations, Lodge Operations, and Accounting. Also included is a complete proven computerized system for Promoting, Advertising, Marketing and Selling big game hunting adventures.
Negaunee is located in Michigan. Negaunee, Michigan has a population of 4,657. Negaunee is more family-centric than the surrounding county with 38.57% of the households containing married families with children. The county average for households married with children is 26.28%.
The median household income in Negaunee, Michigan is $57,145. The median household income for the surrounding county is $57,981 compared to the national median of $69,021. The median age of people living in Negaunee is 38.2 years.
The average high temperature in July is 77.5 degrees, with an average low temperature in January of 4.1 degrees. The average rainfall is approximately 32.5 inches per year, with 157.3 inches of snow per year.
