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Property profile

1586 Us-31 Manistee, MI 49660

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

Hillside Plaza, located at 1586 US-31 in Manistee, Michigan, 49660, offers a diverse range of commercial spaces for lease. This Class B property, situated in the high-traffic U.S. 31 Corridor within Filer Township, boasts multiple tenancy options. Available spaces range from 1,200 square feet to 10,635 square feet, catering to various business needs. Units include former hair salons, Subway locations, office spaces, and a potential convenience store space (available in 2024). One 1,200 sq ft unit is a free-standing building with drive-through capabilities and road frontage. The property benefits from its strategic location near established businesses such as U-Haul, McDonald's, O'Reilly Auto Parts, Subway, NUVU Fuels, and state government offices. Furthermore, Hillside Plaza enjoys proximity to a newly constructed $5 million U-Haul Moving and Storage Center and a planned $50 million, 200-unit mixed-use residential development, promising increased foot traffic and customer base. Leases are offered on a triple net (NNN) basis. The property's diverse unit sizes and prime location make it an ideal opportunity for businesses seeking high visibility and convenient access within a thriving community. Available spaces are ready for immediate occupancy, except where noted. Contact for details and scheduling a viewing.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1586 Us-31 Manistee, MI 49660
Manistee metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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