Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    719 Kosciusko St Manistee, MI 49660

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr

    Turnkey restaurant space for lease in a busy neighborhood.

    Lot size:
    0.20 Acres

    Property Features for 719 Kosciusko St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.20 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Michael Cnudde
    Source: Elliman

    Listing Agency: Coldwell Banker ALM REALTY Listing Agent: Michael Cnudde

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

    Learn more

    Overview

    Equipped Restaurant Space Available

    This is a 2,191 sq. ft. restaurant space available for lease in a busy neighborhood with nearby factories. The dining area can accommodate over 40 guests. The commercial kitchen includes an eight-foot exhaust hood with fire suppression, ample refrigeration, a six-burner gas range, four-foot flat top grill, and a half-size convection oven. Essential equipment is included in the lease. Optional equipment, including baking tools and equipment, display cases and fixtures, dishes, and smallware's, is available for purchase separately. The space is designed to facilitate a quick and efficient launch or expansion of a restaurant concept. The lease term is 2 years.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Manistee
    County
    Manistee
    State
    Michigan
    Longitude
    -86.31099
    Latitude
    44.239132

    Nearby Similar for Lease

    • $13 SF/Yr
      2,008 SF

      Downtown Manistee Retail Suite

      Versatile commercial space with river views and optional boat slips.
      308 River St, Manistee, MI 49660
      View Details
    • $6 SF/Yr
      3,000 SF

      Downtown Manistee Retail/Office Space

      Prime downtown location with ample space and convenient accessibility.
      308 River St, Manistee, MI 49660
      View Details
    • $11 SF/Yr
      2,191 SF

      Turnkey Restaurant Space in Manistee

      Fully equipped restaurant space in a busy Manistee neighborhood.
      719 Kosciusko St, Manistee, MI 49660
      View Details
    • $11 SF/Yr
      7,434 SF

      Manistee Retail End-Cap Unit

      Retail space with high visibility and flexible tenant improvement options.
      113 Cypress St, Manistee, MI 49660
      View Details
    • $3,815 /Mo
      2,860 SF

      Historic Building Office/Retail Space

      High-quality office and retail spaces in historic Briny Building.
      50 Filer St, Manistee, MI 49660
      View Details
    • $12 SF/Yr

      Downtown Manistee Industrial Space

      15,000 sq. ft. industrial space in revitalizing downtown Manistee.
      254 River St, Manistee, MI 49660
      View Details
    • Contact for pricing
      7,952 SF

      Retail Space in Manistee, Michigan

      Retail property in Manistee, Michigan, near Lake Michigan.
      1361 Manistee Hwy Us 31 S, Manistee, MI
      View Details
    • $11 SF/Yr

      End-Cap Retail Space Available

      End-cap retail space with flexible lease options and high visibility.
      113 Cypress St, Manistee, MI 49660
      View Details
    • $12 SF/Yr
      15,000 SF

      Versatile Industrial Space in Manistee

      15,000 sq ft industrial space in revitalizing downtown Manistee.
      254 River St, Manistee, MI 49660
      View Details
    • $6 SF/Yr
      3,000 SF

      Manistee Riverfront Office Space

      Downtown Manistee retail/office, 3000 sq ft.
      308 River St, Manistee, MI 49660
      View Details
    • Contact for pricing
      29,050 SF

      Hillside Plaza: Manistee Commercial Spaces

      Retail & Industrial Units Available in Prime Location
      1586 Us Highway 31, Manistee, MI 49660
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant space for lease in a busy neighborhood.
    Where is this conventional restaurant located?
    The property is located at 719 Kosciusko St Manistee, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Fully equipped 2,191 sq. ft. restaurant space ready for immediate operation.; - High-traffic location in a busy neighborhood with factories, ensuring steady customer flow.; - Commercial kitchen includes an eight-foot exhaust hood with fire suppression, ample refrigeration, a six-burner gas range, four-foot flat top grill, and a half-size convection oven.
    (231) 620-9108
    Request Owner's contact information
    719 Kosciusko St Manistee, MI 49660
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    719 Kosciusko St
    Manistee, MI 49660
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    719 Kosciusko St Manistee, MI 49660
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Cnudde
    Real Estate License ID: 6501297231
    (231) 620-9108 (231) 723-5772 (231) 723-3555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!