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Mixed-Use Brick Building
For Sale
$475,000

435 River Street, Manistee, MI 49660

Commercial Sale, Manistee, MI

Property Size6,556 SF
Lot Size0.07 Acres
Price / SF$72.45
Days on Market44

Property Features for 435 River Street

General Information

Property type Commercial Sale
Property subtype Retail
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 5
Elementary school district Manistee
Middle school district Manistee
High school district Manistee
Directions US 31 to River st turn west to property
Standard status Active
APN 51-349-705-02
Size 6,556 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description pt of
Legal Description pt of

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1893
Floors in Building 2
Number of units 5
Building materials Brick
Roof type Rubber
Listing Agency: Dwelling Realty - KW Northern Michigan
Listed By: Jim Beaudrie · License #6501316101
Added: Aug 1 Changed: Sep 12 Last Checked: Sep 13 at 5:06PM
MLS# 26040332

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.

Investment Insights

Based on property information with market context.

This mixed-use property combines a 3,300-square-foot retail area with four apartments on the upper level: three one-bedroom units and one two-bedroom unit. The retail space is currently occupied by an upholstery shop, while the residential component provides apartment income. A separate 3,300-square-foot basement offers storage and work areas.

The building dates to 1893 and features brick construction, a rubber roof, forced-air heating, and central air conditioning. Electrical, plumbing, flooring, and roofing improvements have been completed within the past couple of years. The owner may also lease the commercial portion for continued business operations for several more years, subject to agreed terms.

Key Highlights

  • 3,300‑square‑foot retail area currently used as an upholstery shop
  • Four upstairs apartments: three one‑bedroom units and one two‑bedroom unit
  • Separate 3,300‑square‑foot basement for storage or workshop use

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

674
Businesses Nearby

Demographics for 49660, MI

14,134
Population
7,744
Households
1.8
Avg Household Size
49
Median Age
24%
College-Educated
90%
High-School Grad
171.4 sq mi
ZIP Area
82
Density / Sq Mi
$62,211
Median Household Income
$35,772
Median Earnings
$787
Median Rent
$170,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail space, four upstairs apartments, and a full basement support multiple commercial and residential components.
Where is this mixed-use property located?
The property is located at 435 River Street Manistee, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,300‑square‑foot retail area currently used as an upholstery shop; Four upstairs apartments: three one‑bedroom units and one two‑bedroom unit; Separate 3,300‑square‑foot basement for storage or workshop use
More about this property
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