308 Iron Street Negaunee, MI $ 485,000
308 Iron Street
$ 485,000
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308 Iron Street

Negaunee, MI, 49866
$ 485,000
Bedrooms-- Baths-- Sq 5,280

Monthly Estimate*

$ 3,062

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Commercial Property for sale in Negaunee, MI

for $485,000. This 5,280 square foot building was built in 1900 on a lot size of 0.2.

308 Iron Street is an opportunity to own a historic mixed-use building right in the middle of downtown Negaunee, with commercial space on the main floor and two impressive residential units above. For someone who has been thinking about opening a business of their own, this is a location worth considering. Downtown Negaunee has seen significant investment and improvement over the past several years, with major infrastructure and streetscape projects, new public spaces, events, and continued support for new and expanding businesses. Negaunee feels increasingly active, attracting both public and private investment along with a healthy demand for homes and apartments in the area. The main floor of 308 Iron Street is currently set up as commercial space with a mostly open layout plus additional offices or storage areas. Hardwood floors, high ceilings, and exposed brick make the space incredibly charming and wonderfully historic. The space would work well for retail, office, studio, or a number of other uses. There is also a rear entrance from the parking area along Jackson Street and a full basement with plenty of storage. Upstairs are two large residential units that genuinely feel like they belong in a major city like Chicago or New York. Incredibly high ceilings and lots of windows allow natural light to pour in over the hardwood floors. An owner could live above their business in a beautiful unit with a large bathroom finished in marble tile and its own steam room. Or, you could choose to rent the units out for an additional revenue stream. The building also has separate heating systems for each level. With commercial space along Iron Street, residential income potential upstairs, and a downtown that has undergone substantial investment in recent years, 308 Iron Street gives its next owner a lot of different ways to make the building work for them. Schedule your showing today!

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Commercial Active

Price

$ 485,000

Property Type

Commercial

Taxes

$ 3,405

Style

Commercial/Industrial

Lot Size

0.2

Year Built

1900

Town/City

Negaunee

County/Region

Marquette

MLS | Web ID

50220053

Features
General
Heating Forced Air
Cooling Ceiling Fan(s)
Roof Rubber
Zoning B1 - Business One Mixed Use Commercial
Water Public Water
Status Active Active
Year Built 1900
Parking 3-5 Spaces On Site
Subdivision Iron MI
Water Heater Gas
County Marquette
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership LLC
Municipality Negaunee
Sale/Rent For Sale
Status Detail 0
Area Negaunee (52021)
Primary City Negaunee
Directions From US41 turn on to Teal Lake Avenue. Turn Right on W Main Left on S Pioneer then Right on Iron St. Building on the right.
City Negaunee
Financial Terms Cash Commercial Loan Conventional Blend
Legal Description LOT 10 OF IRON PLAT
DOM 3
Postal Code 49866
Price Per Sq Ft Total AG 91.86
Public Remarks 308 Iron Street is an opportunity to own a historic mixed-use building right in the middle of downtown Negaunee
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Exterior
Exterior Brick
Lot Size Area 0.2
Lot Dimensions 33x130
Water Features None
Roads City/County Year Round
Waterfront Y/N No
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Interior
Ceiling Height 16-20 Feet
Fuel Type Natural Gas
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* Excluded Features
List By
ERIN WASIK

Listing Agent

Re/Max 1St Realty

Broker

erin@erinwasik.com

Email

Affordability Calculator

$3,346
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,062
Monthly Property Taxes
$284
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/27/2026$485,000 Listed Price

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308 Iron Street, Negaunee, MI, 49866 is a Commercial Property for sale at $485,000 with 5,280 sqft and a lot size of 0.2. 308 Iron Street was built in 1900. The property's zip code is 49866 which is in Negaunee, MI