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!
For sale
$485,000
308 Iron St, Negaunee, MI 49866
4beds
5,280sqft
Multi Family
Built in 1900
-- sqft lot
$472,900 Zestimate®
$92/sqft
$-- HOA
What's special
Steam roomHigh ceilingsHardwood floorsExposed brick
- 36 days
- 623
- 32
Zillow last checked:
Listing updated:
Listed by:
ERIN WASIK 906-458-4284,
RE/MAX 1ST REALTY 906-225-1136
Source: MiRealSource,MLS#: 50220144
Originating MLS: Upper Peninsula Assoc of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Range/Oven, Refrigerator, Gas Water Heater
Features
- High Ceilings, Cathedral/Vaulted Ceiling
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,280
- Total interior livable area: 5,280 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
Features
- Levels: Two
- Stories: 2
- Spa features: Private
- Waterfront features: None
Lot
- Size: 8,712 Square Feet
- Dimensions: 33 x 130
Details
- Parcel number: 525301001300
- Zoning: B1 - Business One
- Zoning description: Mixed Use,Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement
Condition
- Year built: 1900
Utilities & green energy
- Electric: 200+ Amp Service
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Community & HOA
Community
- Subdivision: Iron
Location
- Region: Negaunee
Financial & listing details
- Price per square foot: $92/sqft
- Annual tax amount: $3,405
- Date on market: 8/28/2026
- Cumulative days on market: 40 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Conventional Blend
- Ownership type: LLC
- Total actual rent: 800
Estimated market value
$472,900
$449,000 - $497,000
$1,317/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $485,000+288%$92/sqft |
Source: | ||
| 12/6/2018 | Sold | $125,000$24/sqft |
Source: Agent Provided Report a problem | ||
| 1/24/2016 | Listing removed | $775 |
Source: Cory R. Report a problem | ||
| 1/2/2016 | Listed for rent | $775+3.3% |
Source: Cory R. Report a problem | ||
| 4/8/2014 | Listing removed | $750 |
Source: cory r. Report a problem | ||
| 10/28/2013 | Listed for rent | $750 |
Source: cory r. Report a problem | ||
| 11/19/2012 | Listing removed | $750 |
Source: cory r. Report a problem | ||
| 10/2/2012 | Price change | $750-3.2% |
Source: cory r. Report a problem | ||
| 4/18/2012 | Listed for rent | $775 |
Source: cory r. Report a problem | ||
| 1/17/2012 | Listing removed | $775 |
Source: cory r. Report a problem | ||
| 10/21/2011 | Listed for rent | $775 |
Source: cory r. Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49866
Nearby schools
Schools provided by the listing agent
- District: Negaunee Public Schools
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






