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    64 Arthur St Manistee, MI 49660

    For Sale
    $199,000

    High-traffic industrial space, lake views.

    Property size:
    2,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2,800 square foot industrial property, situated on a 0.57-acre lot at 64 Arthur in Manistee, Michigan, presents a remarkable investment opportunity. Boasting prime visibility and high traffic counts due to its location on US-31, this building offers significant potential for a variety of businesses. The structure, formerly home to Glass Specialties, comprises two distinct 70' x 40' garage bays, each complete with its own forced-air furnace, central air conditioning system, ample workspace, and a restroom. This dual-bay setup allows for flexible use, enabling the owner to occupy one bay and lease the other for additional income, or utilize the entire space for a larger operation. The property's versatility makes it suitable for a range of industrial uses, while its prior use as a glass specialty shop could be advantageous for a similar business. Beyond the functional aspects, the property offers the added benefit of scenic Manistee Lake views. The asking price is $199,000. This is a rare opportunity to acquire a well-equipped, strategically located industrial property with substantial upside potential.

    Property Features for 64 Arthur St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,800 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -86.3176
    Latitude
    44.25857

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    FAQs

    What type of property is this?
    Industrial property - High-traffic industrial space, lake views.
    Where is this industrial property located?
    The property is located at 64 Arthur St Manistee, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    (231) 398-3800
    Request Owner's contact information
    64 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
    64 Arthur St Manistee, MI 49660
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