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Jenn Smart

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308 Iron , Negaunee, MI 49866
$485,000
Est. Payment: $2,527.40/mo
4 Bed
2 Bath
5280 Sqft
Status: active | Days on site: 3
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House Description

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, wainscoting, 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!

Highlights

Listed by ERIN WASIK , 906-458-4284 RE/MAX 1ST REALTY , 906-225-1136. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1900

County

Marquette

Area

Negaunee (52021)

Neighborhood

Iron

School District

Negaunee Public Schools

Listing ID

50220144

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Range/Oven, Refrigerator
Air Cond:Ceiling Fan(s)
Fireplaces:
Above Ground Sq Ft:5280
Basement:Full
Other:
  • Additional:9 ft + Ceilings, Cathedral/Vaulted Ceiling, Spa/Jetted Tub
Water:Public Water

Exterior Features

Lot Dimensions:33x130
Zoning:Mixed Use,Commercial
Sewer:Public Sanitary
Parking Features:3 or More Spaces
Principal Interest
$2,527
Taxes
$284

Home Price

$485,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$97,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,527.40

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,527.40 $283.75 $0.00 $2,811.15
Yearly $30,328.83 $3,405.00 $0.00 $33,733.83
Total $909,864.89 $102,150.00 $0.00 $1,012,014.89
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Negaunee, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T01:10:54.300Z

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