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Mixed-Use Building with Garage
For Sale
$149,000

221 5th Street, Manistee, MI 49660

Multi Family, Manistee, MI

Property SizeContact for details
Lot Size0.11 Acres
Days on Market237

Property Features for 221 5th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Full bathrooms 2
Rooms Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1, Basement
Parking 2
Parking features Driveway
Basement Full
Lot features Corner Lot
Elementary school district Manistee
Middle school district Manistee
High school district Manistee
Standard status Active
APN 51-648-704-01
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description FREELAND N 78 FT OF E 1/2 OF LOTS 1 + 2 EXC W 2 FT THEREOF BLOCK 3 _____P.ADDR: 221 1/2 5TH ST SALE(76) 90 1345-792 (96) 360 4640 0481 (97) 3650 0046, 3658 0189 (99) 360 2717 0199, 710 1717 0199 (04) 3897 0537 (05)3934 0217
Tax Annual Amount 2920
Legal Description FREELAND N 78 FT OF E 1/2 OF LOTS 1 + 2 EXC W 2 FT THEREOF BLOCK 3 _____P.ADDR: 221 1/2 5TH ST SALE(76) 90 1345-792 (96) 360 4640 0481 (97) 3650 0046, 3658 0189 (99) 360 2717 0199, 710 1717 0199 (04) 3897 0537 (05)3934 0217

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Forced Air, Space Heater

Amenities

in-unit laundry

Building Details

Year built 1880
Number of units 3
Building materials Aluminum Siding
Roof type Composition
Listing Agency: Five Star Real Estate - Onekama
Listed By: Alan Pierce · License #6501435529
Added: Feb 11 Changed: Oct 2 Last Checked: Oct 6 at 4:06AM
MLS# 26005165

Copyright © 2026 Michigan Regional Information Center, LLC. 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 221 5th Street in Manistee, this mixed-use property combines two upper-level rental units with a ground-floor retail space. The apartments include one one-bedroom, one-bath unit and one two-bedroom, one-bath unit, with separate laundry areas and spacious kitchens. The retail area includes storage space and is complemented by an attached oversized two-car garage with a 10-foot overhead door. Off-street driveway parking is available. Built in 1880, the building features aluminum siding, a composition roof, forced-air and space-heater systems, natural gas availability, and public sewer service. The property occupies 0.11 acres in Manistee, MI.

Key Highlights

  • Two upper rental units: one 1‑bedroom/1‑bath and one 2‑bedroom/1‑bath
  • Ground‑floor retail space with plenty of storage
  • Attached oversized 2‑car garage with 10' overhead door

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Skin Care Clinic Computer & Electronic Repair Carpet & Flooring 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.

Lease Details

1
Drive-in doors
2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

568
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two upper rental units sit above a retail area with storage and off-street parking.
Where is this mixed-use property located?
The property is located at 221 5th Street 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: Two upper rental units: one 1‑bedroom/1‑bath and one 2‑bedroom/1‑bath; Ground‑floor retail space with plenty of storage; Attached oversized 2‑car garage with 10' overhead door
More about this property
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