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    36 Filer St Manistee, MI 49660

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    For Sale
    $795,000

    Single-tenant retail condominium leased to Dollar General in Manistee, Michigan.

    Property size:
    8,040 SF
    Lot size:
    0.45 Acres

    Property Features for 36 Filer St

    General Information

    Size
    8,040 SF
    Lot size
    0.45 Acres

    Source: Berkshire Hathaway HomeServices Northern Indiana Real Estate Agent Joe Grabill

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

    Overview

    Retail Condominium Leased to Dollar General

    Located at 36 Filer Street in Manistee, Michigan, this property is a single-tenant retail condominium leased to Dollar General. The property is situated in a central business district near the Manistee Riverwalk and Marina, benefiting from high visibility and foot traffic. Dollar General is a leading discount retailer with over 21,000 locations nationwide and an S&P credit rating of BBB. The store is reportedly a top performer, with sales exceeding the regional average. Nearby retailers include Dairy Queen, A&W Restaurant, Little Caesars Pizza, Goodwill, Rite Aid, Dunham’s, Walgreens, Advance Auto Parts, Save-A-Lot, Family Dollar, Wendy’s, and McDonald’s. The location is close to Lake Michigan and Lake Manistee waterfronts, attracting visitors for outdoor recreation, beaches, parks, lighthouses, and boating activities. The lease space size is approximately 8,040 square feet on a lot of approximately 0.45 acres. There are approximately 16 parking spaces. Originally built in 1940, the property was renovated in 2002. Dollar General is currently in the second renewal option for a five-year term.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manistee
    County
    Manistee
    State
    Michigan
    Longitude
    -86.318708
    Latitude
    44.24759

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    FAQs

    What type of property is this?
    Grocery and convenience store - Single-tenant retail condominium leased to Dollar General in Manistee, Michigan.
    Where is this grocery and convenience store located?
    The property is located at 36 Filer St Manistee, MI.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - High CAP Rate: Attractive 7.75% CAP rate offers a strong return on investment.; - Recession-Proof Tenant: Leased to Dollar General, a national credit tenant with a BBB S&P credit rating, ensuring stable income.; - Strong Tenant Performance: Dollar General store is a top performer, exceeding regional sales averages.
    (574) 284-2600
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    36 Filer 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
    36 Filer St Manistee, MI 49660
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