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    717 E Lakeshore Dr Manistique, MI 49854

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    For Sale
    $2,304,000

    Freestanding retail property with excellent visibility and accessibility.

    Lot size:
    3.93 Acres

    Property Features for 717 E Lakeshore Dr

    General Information

    Lot size
    3.93 Acres

    Source: Encore Real Estate Investment Services Agent Brandon Kassab

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property Near Lake Michigan

    The property is located near Lake Michigan and offers excellent visibility and accessibility along U.S. Route 2. It is surrounded by national retailers, including Big Boy, Dollar General, Hardee's, and Subway. The property was retrofitted for TSC in 2020, including a re-cored roof and a full interior remodel. The parking lot was resealed and restriped. Tractor Supply Co. operates over 2,160 stores in 49 states and is a NASDAQ and S&P 500 component. There is an upcoming rental increase in May 2025, which will increase the NOI to $151,200.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront 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
    -86.236819
    Latitude
    45.947152

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    FAQs

    What type of property is this?
    Storefront property - Freestanding retail property with excellent visibility and accessibility.
    Where is this storefront property located?
    The property is located at 717 E Lakeshore Dr Manistique, MI.
    What is the asking price?
    The asking price for this property is $2,304,000.
    What are key features of this property?
    This property features: - Upcoming Rental Bump in May 2025 | **NOI Increases to $151,200**; - Excellent Visibility and Easily Accessible Along U.S. Route 2; - **NASDAQ: TSCO | S&P 500 Component** | Tractor Supply Co. Operates Over 2,160 Stores in 49 States
    (248) 702-0292
    Request Owner's contact information
    717 E Lakeshore Dr 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
    717 E Lakeshore Dr Manistique, MI 49854
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