74
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$750,000
Est. payment /mo
5,356 SqFt
Active
305 Iron Street Negaunee, MI 49866
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,356 sqft
Price per Sqft $140
Subdivision Mi
MLS Listing ID 50185078
Year Built 1890
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 33x88
Property Sub-Type Business
Property Description
Turnkey Restaurant/Bar with Rental Income – Prime Downtown Negaunee Location Opportunity knocks in the heart of Negaunee's revitalized downtown! Jackson'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 – perfect for maximizing revenue during festivals, social district events, and summer gatherings. Situated in the City of Negaunee'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, Jackson'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.
Location
State MI
County Marquette
Area Negaunee (52021)
Zoning Commercial
Interior
Heating Boiler
Exterior
Roof Type Metal
Building
Foundation Basement
Water Public Water
Structure Type Aluminum,Block,Brick,Metal
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX 1ST REALTY