318 Iron St Negaunee, MI 49866
Estimated payment $2,650/month
Total Views
69,522
3
Beds
3
Baths
7,750
Sq Ft
$62
Price per Sq Ft
Highlights
- Wood Flooring
- Great Room
- Formal Dining Room
- Lakeview Elementary School Rated A-
- Home Office
- Skylights
About This Home
Step into history with modern luxury in this extraordinary 1913 National Bank building in Negaunee. Offering over 3000 sq ft of meticulously designed residential living space on the second floor, this one-of-a-kind property combines timeless architecture with contemporary comforts. The residence features 3 bedrooms and 2.5 baths, an open concept living, kitchen and foyer area, and soaring 11 foot ceilings throughout. The design incorporates the buildings rich history, including original interior windows and stunning 16 foot atrium ceilings from its early bank office days. Every detail has been custom-finished with care, making this space as unique as it is elegant. The kitchen is a chef's dream, boasting custom cabinetry, quartz countertops, stainless steel appliances, and a large center island with wine rack and built-in cooktop. A formal dining area and spacious living room provide scenic views of Iron St below to watch the changing seasons and social activities of this busy little community. The primary bedroom suite is a retreat of its own, located just a few steps up from the home office and showing off that stunning atrium ceiling. The bathroom has heated floors, a luxurious soaking tub and an extra large walk-in shower, while the laundry area is conveniently connected to the walk-in closet. Down the wide hallway you'll pass by the original walk-in bank vault, which makes for excellent storage space or possibly a library. Make your way down to two more bedrooms with 2 baths and a rear stairway with original brick walls. Main floor commercial space is yet another 3150 sq ft, stepping one back in time with a space that retains its original charm from the building's days as a bustling bank. Highlights include the 14 foot ceilings, atrium windows, mosaic tile floors, and an antique lamp rumored to be a Tiffany creation. The centerpiece of this level is a remarkable circular radiator with a marble top--a true conversation piece. A walk-in bank safe remains intact, alongside additional office and storage rooms, offering endless possibilities for creative use and preservation. The basement, once home to a long running printing shop, is a blank canvas ready to be transformed into your own vision. Building has 3 phase electrical and a new boiler servicing the residential level. New boiler for main floor and basement to be installed sometime in March. This property is a testament to Negaunee's rich history and offers the rare opportunity to own a piece of the past while enjoying the finest in modern living. Whether you're looking for a unique residence, a mixed use business opp, or simply an iconic piece of architecture, this building is truly one of a kind.
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1913
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 36x100
- Historic Home
Parking
- 3 Car Parking Spaces
Home Design
- Poured Concrete
- Frame Construction
Interior Spaces
- 2-Story Property
- Ceiling height of 9 feet or more
- Skylights
- Entryway
- Great Room
- Living Room
- Formal Dining Room
- Home Office
- Partially Finished Basement
- Exterior Basement Entry
Kitchen
- Eat-In Kitchen
- Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Schools
- Lakeview Elementary School
- Negaunee Middle School
- Negaunee High School
Utilities
- Hot Water Heating System
- Heating System Uses Steam
- Boiler Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- Internet Available
Community Details
- Iron Subdivision
Listing and Financial Details
- Assessor Parcel Number 52-53-010-015-00
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $33 | $173,500 | $0 | $0 |
| 2024 | $33 | $154,250 | $0 | $0 |
| 2023 | $3,162 | $154,050 | $0 | $0 |
| 2022 | $4,797 | $83,900 | $0 | $0 |
| 2021 | $4,653 | $87,250 | $0 | $0 |
| 2020 | $4,546 | $83,900 | $0 | $0 |
| 2019 | $4,463 | $80,150 | $0 | $0 |
| 2018 | $4,388 | $72,950 | $0 | $0 |
| 2017 | $4,453 | $74,600 | $0 | $0 |
| 2016 | $4,390 | $72,100 | $0 | $0 |
| 2015 | -- | $72,100 | $0 | $0 |
| 2014 | -- | $71,650 | $0 | $0 |
| 2012 | -- | $73,900 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | Price Changed | $479,900 | -4.0% | $62 / Sq Ft |
| 11/18/2024 11/18/24 | For Sale | $499,900 | -- | $65 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $110,000 | -- |
Source: Public Records
Similar Homes in Negaunee, MI
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50161483
APN: 52-53-010-015-00
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