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    182 River St Manistique, MI 49854

    New
    For Sale
    $395,000

    Business - Manistique, MI

    Type:Business
    Property size:
    448 SF
    Lot size:
    0.25 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 10 at 10:06 am

    Property Features for 182 River St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    APN
    051-091-011-00
    Interior features
    Bath, Concrete Floor, Drive-In, Floor Drain, Outside Storage, Private Restrooms, Restroom(s), Roof Sign, Sidewalks, Tile Floors
    Exterior features
    Outside Storage
    Size
    448 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Exhaust Fan (Cooling)

    Building Details

    Year built
    1950
    Flooring type
    Concrete, Tile
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    GROVER REAL ESTATE (906) 341-2131

    Listing agent DAVID MUXLOW (906) 341-2131

    Listing date Dec 9, 2025

    MLS# 50195843 Listing URL

    Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Dairy Kream Opportunity

    This is an opportunity to own the Dairy Kream, a local landmark in Manistique. Offered for the first time in 25 years by the same owner, this business is located in a high-visibility location and experiences consistent business, particularly during the summer. The property includes newer siding, a rebuilt parking lot, a drive-through window, two outside order windows, and an outdoor seating area. A detached garage provides heated and cold storage, along with extra freezer capacity. The interior features updated electrical systems, an efficient layout, a walk-in cooler, and all necessary equipment. The business currently serves sundaes, hand-dipped and soft-serve ice cream, cold beverages, and food items such as hot dogs, nachos, and pretzels. The property is a turn-key opportunity to continue a local tradition and introduce new ideas to a seasonal business. The property is zoned commercial and sits on a 0.25-acre lot. The building size is 448 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manistique
    County
    Schoolcraft
    State
    Michigan
    Longitude
    -86.248147
    Latitude
    45.960792

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    FAQs

    What type of property is this?
    Turn key restaurant - Turn-key restaurant in prime location with steady business.
    Where is this turn key restaurant located?
    The property is located at 182 River St Manistique, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Iconic Dairy Kream: A well-established business with 25-year history and strong local reputation.; - Prime, high-visibility location ensures steady customer traffic.; - Turn-key operation includes all necessary equipment in clean, working order.
    (906) 341-2131
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    182 River St Manistique, MI 49854
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