Tbd Arbutus St Manistique, MI 49854
This exceptional 1.4-acre industrial property presents a unique opportunity in Manistique's vibrant downtown district. Strategically located adjacent to the bustling Triangle Park and the Lake Effect Arts Community Center, this high-traffic location ensures maximum visibility for your business. The property includes a small existing building currently utilized as a rental unit, providing immediate income potential or a ready-made space for your operations. A detached garage offers additional storage or workspace. The lot itself is paved, simplifying access and operations. This turnkey property is ideal for a variety of businesses seeking a prominent location with existing infrastructure. The combination of high visibility, existing structures, and ample paved space makes this an attractive investment for entrepreneurs and established businesses alike. The property's location within the heart of Manistique's downtown ensures easy access to local amenities and a strong customer base. This is a rare opportunity to acquire a well-situated industrial property in a thriving community. The existing building and garage provide immediate utility, minimizing upfront investment and allowing for rapid business commencement. The paved lot ensures ease of access for vehicles and equipment, streamlining operations. Don't miss this chance to establish your business in a prime Manistique location. The property is priced at $399,000.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.