Property profile

302 Parkdale Rd Manistee, MI 49660

OFF-MARKET
Hospitality properties
1,418 SF 0.19 ac lot Built 1945
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Property summary

AI-generated overview

This 1,418 square foot hotel, located at 302 W Parkdale Rd, Manistee, MI 49660, presents a unique owner/user investment opportunity. Built in 1945, this two-story building sits on a 0.192-acre lot (APN: 51-07-840-001-00) and is zoned for Commercial District use. The property features three bedrooms and two bathrooms, offering ample space for guests or potential business operations. The interior boasts a spacious floor plan with abundant natural light and hardwood floors. A full basement and garage provide substantial storage. Exterior features include nicely maintained vinyl siding and replacement windows. The property's location offers easy access to downtown Manistee, providing proximity to shopping, dining, and other amenities. The asking price is $189,900, translating to $133.92 per square foot. This versatile property is ideal for a variety of uses, including a daily/weekly vacation rental, a home-based business, or a commercial venture. The possibilities are numerous, making this a compelling investment in a desirable Michigan location.

Property profile

Verified
Property type Hospitality properties
Year built 1945
Total area 1,418 SF
Lot 0.19 ac (8,364 SF)

Cap rate & NOI

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

Location

302 Parkdale Rd 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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