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    Tbd Arbutus St Manistique, MI 49854

    Sponsored
    For Sale
    $399,000

    Downtown Manistique, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.4-acre industrial property presents a unique opportunity in Manistique's vibrant downtown district. Strategically located adjacent to the bustling Triangle Park and the Lake Effect Arts Community Center, this high-traffic location ensures maximum visibility for your business. The property includes a small existing building currently utilized as a rental unit, providing immediate income potential or a ready-made space for your operations. A detached garage offers additional storage or workspace. The lot itself is paved, simplifying access and operations. This turnkey property is ideal for a variety of businesses seeking a prominent location with existing infrastructure. The combination of high visibility, existing structures, and ample paved space makes this an attractive investment for entrepreneurs and established businesses alike. The property's location within the heart of Manistique's downtown ensures easy access to local amenities and a strong customer base. This is a rare opportunity to acquire a well-situated industrial property in a thriving community. The existing building and garage provide immediate utility, minimizing upfront investment and allowing for rapid business commencement. The paved lot ensures ease of access for vehicles and equipment, streamlining operations. Don't miss this chance to establish your business in a prime Manistique location. The property is priced at $399,000.

    Property Features for Tbd Arbutus St

    General Information

    Property type
    Industrial properties
    Lot Size
    60,984 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Manistique
    County
    Schoolcraft
    State
    Michigan
    Longitude
    -86.24909
    Latitude
    45.9562

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    FAQs

    What type of property is this?
    Industrial property - Downtown Manistique, High Traffic Area
    Where is this industrial property located?
    The property is located at Tbd Arbutus St Manistique, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    (906) 341-2131
    Request Owner's contact information
    Tbd Arbutus St 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
    Tbd Arbutus St Manistique, MI 49854
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