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!
Active
$899,000
586 E Us41, Negaunee, MI 49866
7beds
4,032sqft
Est.:
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$223/sqft
$-- HOA
What's special
Fire pitRemodeled living space
- 331 days
- on Zillow |
- 137 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: April 14, 2025 at 12:35pm
Listed by:
FRIDA WAARA,
RE/MAX 1ST REALTY 906-225-1136
Source: Upper Peninsula AOR,MLS#: 50143612
Originating MLS: Upper Peninsula Assoc of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Forced Air
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher
Features
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 4,032
- Total interior livable area: 4,032 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage, Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Built-in Barbecue
- Waterfront features: None
Lot
- Size: 4.43 Acres
- Dimensions: 340 x 525
Details
- Additional structures: Shed(s)
- Parcel number: 521012405010
- Zoning: 301 Industrial/DD-Negaunee Township;201 Commercial/DD-MQT Township
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone, Wood Siding, Asphalt
- Foundation: Slab
Condition
- Year built: 1978
Utilities & green energy
- Gas: LP/Propane Gas
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: US 41 east
Location
- Region: Negaunee
Financial & listing details
- Price per square foot: $223/sqft
- Tax assessed value: $327,000
- Annual tax amount: $3,581
- Date on market: 5/30/2024
- Listing terms: Cash,Conventional,Conventional Blend
- Ownership: Private
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