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Divisible Retail Building
For Sale
Under Contract
$185,000

127 Chippewa Avenue, Manistique, MI 49854

COM/IND/BUS OPP, Manistique, MI

Property Size4,080 SF
Lot Size0.42 Acres
Price / SF$45.34
Days on Market433

Property Features for 127 Chippewa Avenue

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Manistique (77009)
Standard status Active Under Contract
Size 4,080 SF
Lot size 0.42 Acres

Utilities

Heating system Space Heater
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1995
Listing Agency: KELLER WILLIAMS NM PENINSULA PARTNERS · Keller Williams Realty
Listed By: JULIE BARR · License #6501413781
Added: Jul 31, 2025 Changed: Oct 2 Last Checked: Oct 6 at 7:06AM
MLS# 50183695

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.

Located at 127 Chippewa Avenue in Manistique, this retail property was built in 1995 on a 0.42-acre parcel. Its interior has drywall finishes, insulation and 14-foot ceilings. The layout can be used as a single commercial space or divided into two separate areas. A parking lot serves the property, and window-unit cooling is installed.

Public water is available, and Clyde’s is within walking distance. The building’s features include its flexible interior configuration, on-site parking and existing cooling equipment.

Key Highlights

  • Interior can be divided into two separate spaces
  • 14‑foot ceilings and insulated drywall interior
  • 0.42‑acre parcel with a parking lot

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store

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

142
Businesses Nearby
5k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Marathon Petroleum Shops & Services
2,596 visits/mo 0.3 miles
FedEx Office Print & Ship Center Shops & Services
1,303 visits/mo 0.2 miles
Napa Auto Parts Shops & Services
797 visits/mo 0.5 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - The interior can operate as one commercial space or be separated into two distinct areas.
Where is this retail space located?
The property is located at 127 Chippewa Avenue Manistique, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Interior can be divided into two separate spaces; 14‑foot ceilings and insulated drywall interior; 0.42‑acre parcel with a parking lot
More about this property
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