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586 E Us41, 
Negaunee, MI 49866

$899,000


7

Beds


3

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Frida Waara

RE/MAX 1st Realty

906-225-1136

Last updated:

April 15, 2025, 10:15 AM

MLS#

50143612

Source:

MI REALSOURCE

About This Home

586 E Us41

INVESTMENT OPPORTUNITY! Are you looking to build equity? Take advantage of all this duplex has to offer starting with nearly 5 acres--340 feet of frontage--on one of the busiest sections of US 41 in the entire U.P. Even better, this property also adjoins the Iron Ore Heritage Trail. The best of both worlds; highway exposure & trail side. No wonder the Heritage Haus (sleeps 10) is a sought after vacation rental; close to everything! Home features 4032 square feet of remodeled living space. 4-5 bedrooms/2 baths on the Upper Level--and at $350 per night--s a lucrative short-term vacation rental. This space could easily become long-term or turn the entire home into a single residence. Ground level is another 3 bedroom apartment as well as spa/salon. Detached 32x20 propane heated garage for extra storage, or even a great space to rent bikes or repair snowmobiles. What a package: 2 homes and business space all under 1 roof with loads of parking. Home is on I beams and can be re-located. Back yard decks face the Iron Ore Heritage trail to hike, bike or snowmobile and the fire pit welcomes guests to gather to tell stories from the day's adventures. Imagine what this space can become by adding a wedding venue under the apple trees. This property capitalizes POTENTIAL!

Home Facts

Multi-Family

3 Baths

7 Bedrooms

Built in 1978

Price Summary

899,000

MLS #:

50143612

Last Updated:

April 15, 2025, 10:15 AM

Added:

a year ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Year Built:

1978


Lot

Lot Size (Sq. Ft):

192,970


Finances & Disclosures

Finances

Price:

$899,000

Source:MI REALSOURCE
The information being provided by MiRealSource, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 MiRealSource, Inc. All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.