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Office Building with Exposed Brick
For Sale
$98,000

123 Walnut Street, Manistique, MI 49854

Hardwood floors, high ceilings and front windows bring character and daylight to the commercial interior.

Property Size1,650 SF
Price / SF$59.39
Days on Market21

Property Features for 123 Walnut Street

General Information

Standard status Active
Size 1,650 SF
Property subtype Commercial,1 to 4 Units,Historic,Investment,Office

Additional Details

Opportunity Zone Yes

Building Details

Year Built 1955
Buildings 1
Construction brick
Listing Agency: KELLER WILLIAMS NM PENINSULA PARTNERS
Listed By: JULIE BARR · License #6501413781
Source: Tilleryrealtygroup
Added: Oct 14 Changed: Nov 2 Last Checked: Nov 3 at 8:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS NM PENINSULA PARTNERS

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 1,650-square-foot office building was constructed in 1955 and features exposed brick, hardwood flooring, high ceilings and front windows that admit natural light. An interior staircase is positioned beside the alley. Zoning in the district permits residential units on a second story, with potential for 1–2 units.

The property is in a Qualified Opportunity Zone.

Key Highlights

  • 1,650‑square‑foot office building
  • Exposed brick and hardwood flooring
  • High ceilings and front windows that admit natural light

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

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.

Location Intelligence

Trade Area within ½ mile

374
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
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office building - Hardwood floors, high ceilings and front windows bring character and daylight to the commercial interior.
Where is this office building located?
The property is located at 123 Walnut Street Manistique, MI.
What is the asking price?
The asking price for this property is $98,000.
What are key features of this property?
This property features: 1,650‑square‑foot office building; Exposed brick and hardwood flooring; High ceilings and front windows that admit natural light
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Includes: Price & PSF · Cap rate · Location · Zoning

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