302 Parkdale Rd, Manistee, MI 49660
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.
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
Similar Nearby for Lease
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.