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Two-Screen Cinema with Apartment
New
For Sale
$365,000

114 S Cedar Street, Manistique, MI 49854

COM/IND/BUS OPP, Manistique, MI

Property SizeContact for details
Lot Size0.23 Acres
Days on Market3

Property Features for 114 S Cedar Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Security features Security Lighting
Exterior features Security Lighting, Wheelchair Access
Accessibility Accessible Approach with Ramp
Lot features Main Street, Cleared
Subdivision Manistique (77009)
Standard status Active
Lot size 0.23 Acres

Taxes and HOA fees

Tax Annual Amount 6341

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1973
Roof type Metal
Listing Agency: GROVER REAL ESTATE
Listed By: DAVID MUXLOW · License #6502125193
Added: Sep 23 Changed: Sep 24 Last Checked: Sep 25 at 9:06AM
MLS# 50222823

Copyright © 2026 Upper Peninsula Association of Realtors. 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 commercial cinema contains two auditoriums seating approximately 143 and 72 guests, with digital projection and audio systems. A ticket area leads to a lobby and concession space, and the theaters have upgraded seating. Equipment and contents are included. The building was remodeled in 2015 and dates to 1973; central air, forced-air heat, security lighting, and wheelchair access are also present.

A separate apartment directly behind the cinema has two bedrooms and one bathroom. The 0.23-acre property is at 114 S Cedar Street in Manistique, Michigan, and is served by public water. The apartment's furniture is excluded from the sale.

Key Highlights

  • Two auditoriums seat approximately 143 and 72 guests
  • Digital projection and audio systems in both theaters
  • Separate two‑bedroom, one‑bath apartment behind the cinema

Property Analytics

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Current Use

Theaters & concert halls

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Pharmacy Electrical Service

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

350
Businesses Nearby

Demographics for 49854, MI

6,211
Population
4,307
Households
1.4
Avg Household Size
52
Median Age
21%
College-Educated
89%
High-School Grad
473.9 sq mi
ZIP Area
13
Density / Sq Mi
$57,212
Median Household Income
$33,705
Median Earnings
$653
Median Rent
$117,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - A separate two-bedroom residence behind the theaters adds on-site living to this operating entertainment property.
Where is this theater & concert hall located?
The property is located at 114 S Cedar Street Manistique, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two auditoriums seat approximately 143 and 72 guests; Digital projection and audio systems in both theaters; Separate two‑bedroom, one‑bath apartment behind the cinema
More about this property
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