1586 Us-31 Manistee, MI 49660
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.