338 Rail Street
Negaunee, MI, 49866 $ 379,900
Bedrooms3 Baths2.1 Sq 2,992 Monthly Estimate*
$ 2,370
for $379,900 with 3 bedrooms and 2 full baths, 1 half bath. This 2,992 square foot home was built in 1900 on a lot size of 0.12.
Charming and updated residence in the heart of downtown Negaunee, offering a rare blend of historic character, modern comfort, and versatile living spaces. This thoughtfully improved home features extensive updates throughout, creating a move-in-ready opportunity with room to tailor the property to your needs. The upper living space has been beautifully refreshed with new furnishings (2022), updated kitchen appliances, a 2025 tankless gas water heater, high-efficiency boiler, new washer and dryer (2025), and a full electrical tune-up. A complete sewer line and drain replacement was finished in 2022 for long-term peace of mind. Additional conveniences include an Ecobee smart thermostat, Schlage Encode keyless entry, and window A/C units. The layout provides comfortable everyday living, with warm natural light and inviting finishes throughout. On the main level, a spacious open area currently used as a commercial suite offers exceptional flexibility. It could be reimagined as additional living space, a studio, workshop, home office, or creative workspaceâits size and configuration make it adaptable to many uses. Utilities on the main level are separately metered, opening the door to future customization. Below, a heated garage/basement adds even more value. This generous space works well for storage, hobbies, recreation gear, or project space, with the benefit of year-round warmth. The location places you right in the center of Negauneeâs vibrant downtown corridorâclose to local shops, restaurants, and community amenities. Outdoor recreation is nearby with easy access to RAMBA trails, the Iron Ore Heritage Trail, and ATV/snowmobile routes. The Depot venue is just a short distance away, adding to the convenience. With its thoughtful updates, versatile layout, and unbeatable location, this property offers a unique opportunity to enjoy modern living in a dynamic and walkable downtown setting. Listing also listed under commercial MLS#50194886.
See more
FeaturesInteriorInterior Amenities Hardwood Floors Window Treatment(s) Furnished
Dining Room Level Second
Basement Full
Bedroom 3 Level Second
Bedroom 1 Level Second
Bedroom 2 Level Second
Beds 3
Fireplace? No
See more
GeneralHeating Forced Air Hot Water Suspended Heaters
Kitchen Level Second
Cooling Window Unit(s)
Possession Long Term Tenant
Garage Heated Garage
Zoning B1 - Business One Commercial
Water Public Water
Appliances Range/Oven Refrigerator
Status Active Active
Full Baths 2
Half Baths 1
Bathrooms 3
Year Built 1900
Parking Garage
Subdivision Downtown MI
Water Heater Gas
Style Traditional
County Marquette
Class RESIDENTIAL
Type Single Family
Ownership LLC
Municipality Negaunee
New Construction Y/N No
Sale/Rent For Sale
Status Detail 0
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Structure Style 2 Story
Area Negaunee (52021)
Primary City Negaunee
Directions US41 W South on Teal Lake Ave Right on Main St Left on Pioneer Ave Right on Rail St Property on the Right.
City Negaunee
School District Negaunee Public Schools
Financial Terms Cash Conventional
Legal Description IRON PLAT PART OF LOTS 74 75 & 76 BEG AT SW COR LOT 74 TH E 6' TH S 42.4' TH E 48.78' TO POB TH N 34.08' TH E143.04'TH N41DEG10'W 46.18' TH W 174.72' TO POB.
DOM 12
Postal Code 49866
Price Per Sq Ft Total AG 126.97
Public Remarks Charming and updated residence in the heart of downtown Negaunee offering a rare blend of historic character modern comfort
See more
ExteriorExterior Metal Siding
Exterior Amenities None (ExteriorFeatures)
Frontage 174
Lot Size Area 0.12
Pool (Y/N) No
Lot Dimensions 174x46x143x34
OUT BUILDINGS None (OtherStructures)
Water Features None
Roads Paved Street
Waterfront Y/N No
Frontage Type Road
See more
* Excluded FeaturesList ByBENJAMIN ARGALLListing Agent
Nexthome Superior LivingBroker
ben@argallrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,370
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbySingle family listings in Negaunee, MI
Average List Price $343,495
Percent of Sale Price 10%
About Negaunee, MI 4,527 Population
-2% Since 2002
$ 48,061 Median Income
40.22 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
3701280 Elementary School
3701273 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/22/2025 | $379,900 | | Listed Price |