Mixed-Use Building in
For Sale
$149,000
221 5th St, Manistee, MI 49660
Multi-purpose building with rental units and retail space.
Property SizeContact for details
Days on Market106
Property Features for 221 5th St
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,920
Building Details
Year Built
1880
Units
3
Listing Agency:
Five Star Real Estate - Onekama
(231) 883-2467
Listed By:
Alan Pierce · License #6501435529
(231) 883-2467
Source:
Elliman
Added: Apr 26
Changed: Aug 8
Last Checked: Aug 9 at 7:06AM
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 Five Star Real Estate - Onekama
Investment Insights
Based on property information with market context.
This multi-purpose building, located in the City of Manistee, presents an investment opportunity. The property features two large upper rental units, each equipped with its own laundry facilities and a spacious kitchen. One unit contains one bedroom and one bathroom, while the other has two bedrooms and one bathroom. The lower level includes a retail space with ample storage. The property also offers off-street parking and an attached oversized two-car garage with a 10-foot overhead door. The bike score is 49, indicating it is somewhat bikeable, and the walk score is 54, suggesting it is somewhat walkable.
Key Highlights
- Multi‑purpose building offering both residential rental income and retail space.
- Two large upper rental units, each with its own laundry and spacious kitchen.
- Includes a retail space with ample storage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 49660, MI
14,134
Population
7,744
Households
1.8
Avg Household Size
49
Median Age
24%
College-Educated
90%
High-School Grad
171.4 sq mi
ZIP Area
82
Density / Sq Mi
$62,211
Median Household Income
$35,772
Median Earnings
$787
Median Rent
$170,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-purpose building with rental units and retail space.
Where is this mixed-use property located?
The property is located at 221 5th St Manistee, MI.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Multi‑purpose building offering both residential rental income and retail space.; Two large upper rental units, each with its own laundry and spacious kitchen.; Includes a retail space with ample storage.
