338 Rail St Negaunee, MI 49866
Estimated payment $2,457/month
Highlights
- Traditional Architecture
- Wood Flooring
- Forced Air Heating System
- Lakeview Elementary School Rated A-
- Furnished
- Hot Water Heating System
About This Home
Charming and updated residence in the heart of downtown Negaunee, offering a rare blend of historic character, modern comfort, and versatile living spaces. This thoughtfully improved home features extensive updates throughout, creating a move-in-ready opportunity with room to tailor the property to your needs. The upper living space has been beautifully refreshed with new furnishings (2022), updated kitchen appliances, a 2025 tankless gas water heater, high-efficiency boiler, new washer and dryer (2025), and a full electrical tune-up. A complete sewer line and drain replacement was finished in 2022 for long-term peace of mind. Additional conveniences include an Ecobee smart thermostat, Schlage Encode keyless entry, and window A/C units. The layout provides comfortable everyday living, with warm natural light and inviting finishes throughout. On the main level, a spacious open area currently used as a commercial suite offers exceptional flexibility. It could be reimagined as additional living space, a studio, workshop, home office, or creative workspace—its size and configuration make it adaptable to many uses. Utilities on the main level are separately metered, opening the door to future customization. Below, a heated garage/basement adds even more value. This generous space works well for storage, hobbies, recreation gear, or project space, with the benefit of year-round warmth. The location places you right in the center of Negaunee’s vibrant downtown corridor—close to local shops, restaurants, and community amenities. Outdoor recreation is nearby with easy access to RAMBA trails, the Iron Ore Heritage Trail, and ATV/snowmobile routes. The Depot venue is just a short distance away, adding to the convenience. With its thoughtful updates, versatile layout, and unbeatable location, this property offers a unique opportunity to enjoy modern living in a dynamic and walkable downtown setting. Listing also listed under commercial MLS#50194886.
Listing Agent
NEXTHOME SUPERIOR LIVING License #UPAR-6502430986 Listed on: 11/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,414
Year Built
- Built in 1900
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 174x46x143x34
Home Design
- Traditional Architecture
- Metal Siding
Interior Spaces
- 2,992 Sq Ft Home
- 2-Story Property
- Furnished
- Window Treatments
- Wood Flooring
- Basement Fills Entire Space Under The House
- Oven or Range
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- 2 Car Garage
- Heated Garage
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Hot Water Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number 52-53-010-058-50
Map
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 | $5,414 | $134,550 | $0 | $0 |
| 2024 | $33 | $121,550 | $0 | $0 |
| 2023 | $3,163 | $121,750 | $0 | $0 |
| 2022 | $4,798 | $92,000 | $0 | $0 |
| 2021 | $5,465 | $95,750 | $0 | $0 |
| 2020 | $5,339 | $92,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2025 11/21/25 | For Sale | $379,900 | -- | $127 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50194888
APN: 52-53-010-058-50
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