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For sale
  • $485,000

    308 Iron St, Negaunee, MI 49866

    4beds
    5,280sqft
    : 
    $3,803/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $472,900 Zestimate®
    $92/sqft
    $-- HOA

    What's special

    Steam roomHigh ceilingsHardwood floorsExposed brick
    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!
    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#: 50220144MLS LogoOriginating 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

        DateEventPrice
        8/28/2026Listed for sale$485,000+288%$92/sqft
        Source: MiRealSource #50220144 Report a problem
        12/6/2018Sold$125,000$24/sqft
        Source: Agent Provided Report a problem
        1/24/2016Listing removed$775
        Source: Cory R. Report a problem
        1/2/2016Listed for rent$775+3.3%
        Source: Cory R. Report a problem
        4/8/2014Listing removed$750
        Source: cory r. Report a problem
        10/28/2013Listed for rent$750
        Source: cory r. Report a problem
        11/19/2012Listing removed$750
        Source: cory r. Report a problem
        10/2/2012Price change$750-3.2%
        Source: cory r. Report a problem
        4/18/2012Listed for rent$775
        Source: cory r. Report a problem
        1/17/2012Listing removed$775
        Source: cory r. Report a problem
        10/21/2011Listed 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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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49866

        Getting around

        50 / 100
        Car-Dependent
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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