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Retail Property with Greenhouse
New
For Sale
$449,900

259 5th Street, Manistee, MI 49660

Commercial Sale, Manistee, MI

Property Size13,000 SF
Lot Size1.43 Acres
Price / SF$34.61
Days on Market6

Property Features for 259 5th Street

General Information

Property type Commercial Sale
Property subtype Retail
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Basement
Interior features Broadband
Elementary school district Manistee
Middle school district Manistee
High school district Manistee
Directions US31 (Cypress) east on 5th St. Business is on the right (south) side of 5th St just before Sibben St
Standard status Active
APN 51-664-701-04
Size 13,000 SF
Lot size 1.43 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description W MAGILLS ADD LOT 2, EXC COM 33 FT W OF NE COR. TH S 97 FT, TH W 83 FT, TH N 97 FT, TH E 83 FT TO POB; ALSO LOT 3 EXC...
Tax Annual Amount 3033
Legal Description W MAGILLS ADD LOT 2, EXC COM 33 FT W OF NE COR. TH S 97 FT, TH W 83 FT, TH N 97 FT, TH E 83 FT TO POB; ALSO LOT 3 EXC...

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1967
Floors in Building 1
Building materials Block, Wood Siding, Brick, Metal Siding
Listing Agency: LIGHTHOUSE REALTY-Manistee
Listed By: Leanne Labelle · License #6501405476
Added: Oct 1 Last Checked: Oct 6 at 1:06AM
MLS# 26052192

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.

This retail property comprises five buildings on a 1.43-acre parcel, with a reported 13,000 square feet of property area. The retail store has a full basement for backstock and seasonal inventory, central air conditioning installed in 2024, and a forced-air furnace dating to 2017. The sale includes floral coolers, business inventory, supplies, and a delivery van.

A 120' x 28' greenhouse is also on the property. A circular driveway leads toward the rear of the parcel, where approximately one acre is identified for additional parking. The buildings were constructed in 1967.

Key Highlights

  • Five buildings on a 1.43‑acre parcel
  • Reported property area of 13,000 square feet
  • Greenhouse measures 120' x 28'

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store Computer & Electronic Repair Catering Service Grocery & Convenience 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

568
Businesses Nearby
40k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 61% Dining 39%
A&W Restaurant Dining
7,604 visits/mo 0.3 miles
Wesco Shops & Services
7,566 visits/mo 0.4 miles
Dollar General Shops & Services
6,245 visits/mo 0.4 miles
Little Caesars Pizza Dining
5,124 visits/mo 0.3 miles
Huntington Bank Shops & Services
4,212 visits/mo 0.3 miles

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
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 retail operation includes floral coolers, inventory, supplies, and a delivery van.
Where is this retail space located?
The property is located at 259 5th Street Manistee, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Five buildings on a 1.43‑acre parcel; Reported property area of 13,000 square feet; Greenhouse measures 120' x 28'
More about this property
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