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    1002 Lakeshore Dr Manistique, MI 49854

    Sponsored
    For Sale
    $385,000

    High-traffic location, versatile space, Lake Michigan views.

    Property size:
    4,390 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 4,390 sq ft industrial building presents a unique investment opportunity in Manistique, MI. Strategically located on US-2 highway, it boasts 185 feet of prime frontage on a 1.3-acre lot, ensuring high visibility and accessibility. The building's versatile layout includes a large walk-in cooler and freezer, perfect for various commercial uses. A convenient drive-through window adds to its operational flexibility, making it suitable for food service or retail businesses. The interior features a spacious dining area, a substantial kitchen with some remaining stainless steel equipment, and separate restrooms. An additional seating area, highlighted by 18-foot ceilings and floor-to-ceiling windows offering stunning Lake Michigan views, creates an inviting atmosphere. All existing chairs and tables are included in the sale. The property is equipped with high-speed internet, natural gas heat, and central air conditioning. Ample paved parking is available. Benefit from the high traffic volume of US-2 and the proximity to the Manistique Lakeshore Campground and other thriving businesses. This property offers a blend of prime location, existing infrastructure, and attractive features, making it an ideal choice for business owners seeking expansion or a new venture. The asking price is $385,000.

    Property Features for 1002 Lakeshore Dr

    General Information

    Property type
    Industrial properties
    Square Feet
    4,390 SF
    Lot Size
    56,628 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial 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
    Manistique
    County
    Schoolcraft
    State
    Michigan
    Longitude
    -86.25714
    Latitude
    45.95135

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    FAQs

    What type of property is this?
    Industrial property - High-traffic location, versatile space, Lake Michigan views.
    Where is this industrial property located?
    The property is located at 1002 Lakeshore Dr Manistique, MI.
    What is the asking price?
    The asking price for this property is $385,000.
    (906) 341-2131
    Request Owner's contact information
    1002 Lakeshore Dr Manistique, MI 49854
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    Manistique, MI 49854
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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
    1002 Lakeshore Dr Manistique, MI 49854
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