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    214 Arthur St Manistee, MI 49660

    Sponsored
    For Sale
    $247,500

    MULTI_FAMILY - Manistee, MI

    Lot size:
    0.38 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 6:06 pm

    Property Features for 214 Arthur St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1
    Bedrooms
    1
    APN
    51-51-174-708-05
    Parking
    12
    Parking features
    Driveway
    Basement
    Partial, Crawl Space
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Radiant
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1940
    Number of units
    3
    Building materials
    Block
    Roof type
    Rubber

    Essential Real Estate (231) 299-1180

    Listing agent Therran Ferguson (231) 510-1790

    Listing date Jan 6, 2026

    MLS# 26000459 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Triplex in Manistee

    This mixed-use triplex is located in Manistee's North Business District. The 1,944 sq. ft. property features a street-level commercial storefront, currently leased to the ''Best in Show'' pet grooming business for $900 per month; the lease is negotiable upon sale. The middle and rear residential units include a studio apartment rented at $875 per month and a one-bedroom apartment rented at $825 per month. All units are currently occupied with a solid rental history. The property includes paved rear parking, a fenced side yard, on-site washer and dryer, and separate residential entrances. It is located near Lake Michigan, the public boat launch, and downtown Manistee, offering visibility and accessibility. The property is situated on a 0.38-acre lot and is located within the Marihuana Sales Overlay, making it eligible for cannabis-related licensing, subject to buyer verification.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    Manistee
    County
    Manistee
    State
    Michigan
    Longitude
    -86.316786
    Latitude
    44.261804

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility triplex with commercial storefront and residential units.
    Where is this mixed-use property located?
    The property is located at 214 Arthur St Manistee, MI.
    What is the asking price?
    The asking price for this property is $247,500.
    What are key features of this property?
    This property features: - High-visibility mixed-use triplex in Manistee's North Business District.; - Street-level commercial storefront leased to ''Best in Show'' generating $900/month.; - Located within the Marihuana Sales Overlay, eligible for cannabis-related licensing (buyer to verify).
    (231) 510-1790
    Request Owner's contact information
    214 Arthur St Manistee, MI 49660
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    Manistee, MI 49660
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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
    214 Arthur St Manistee, MI 49660
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