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    Hospitality properties

    302 Parkdale Rd, Manistee, MI 49660

    1,418 SF 0.19 ac lot Built 1945
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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