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    533 N Manistique, MI 49854

    Sponsored
    For Sale
    $250,000

    9+ Acres, 7000 sq ft, Prime Location

    Property size:
    7,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional Manistique, MI industrial property presents a unique investment opportunity. Situated on a sprawling 9.42-acre lot just minutes from downtown, this 7,000 square foot building offers immense versatility. Currently configured as an automotive body shop, its adaptable layout seamlessly transitions to various uses. The property boasts two main garage areas: a heated and insulated 75x40 foot garage with radiant in-ceiling natural gas heat, and a 65x40 foot cold storage garage. Additional features include two offices, a waiting room, ample storage, and surprisingly, living quarters within the building itself. The expansive layout provides significant space for operations, storage, and potential expansion. A large parking lot with three convenient highway access points ensures easy maneuverability and ample parking for customers and employees. The sale includes the real estate only

    Property Features for 533 N

    General Information

    Property type
    Industrial properties
    Square Feet
    7,000 SF
    Lot Size
    410,335 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Manistique
    County
    Schoolcraft
    State
    Michigan
    Longitude
    -86.3457
    Latitude
    46.058

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    FAQs

    What type of property is this?
    Industrial property - 9+ Acres, 7000 sq ft, Prime Location
    Where is this industrial property located?
    The property is located at 533 N Manistique, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    (906) 341-2131
    Request Owner's contact information
    533 N 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
    533 N Manistique, MI 49854
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