Technical
Financial
Distress signals
Property profile

220 Maple St Manistique, MI 49854

OFF-MARKET
Commercial land
Property ID
US43-3342420
0.02 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional, nearly 20,000-square-foot industrial building, completely renovated in 2020, presents a unique opportunity for businesses seeking expansion or relocation. Situated in the vibrant town of Manistique, Michigan, on the shores of Lake Michigan, this property boasts a prime location with convenient access to downtown dining and shopping. The building features 29 offices, 15 cubicles, a spacious boardroom, and a large conference center accommodating over 70 attendees, complete with a kitchen. Employee amenities include a separate, sizable kitchen area. Logistics are streamlined with a substantial shipping and receiving area and ample storage space, including a dedicated high-density storage room ideal for businesses with significant hard copy archiving needs. The building is equipped with zoned heating and air conditioning, a comprehensive security system, and a sprinkler system, ensuring compliance with OSHA and MIOSHA standards. It's also fully wired to meet all modern technology requirements. The 1.19-acre lot provides ample space for operations and future development. The Upper Peninsula offers a desirable lifestyle with abundant recreational opportunities, including access to trails, lakes, rivers, and diverse outdoor activities year-round. This property is ready to support your business growth in a thriving community.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.02 ac (871 SF)
Zoning code B1 RES BUSINESS
APN 051-006-004-00
UPID US43-3342420

Cap rate & NOI

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

Location

220 Maple St Manistique, MI 49854-1430
Manistique metro Census 300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

Zoning & alternative use

B1 RES BUSINESS · Manistique, MI

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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