Property summary
This unique Manistee property presents a compelling investment opportunity. Priced at $719,000, this landmark building offers versatile commercial space on the ground floor, currently occupied by a health food store. The expansive area presents significant potential for various businesses. Two upper-floor apartments generate rental income, adding to the property's value. A separate 936 square-foot building, currently used as an insurance office, is also included. The property boasts ample parking on a half-block lot situated on a busy Manistee corner, enhancing visibility and accessibility. An additional outlot is available for signage, further maximizing marketing opportunities. The main building features approximately 119 feet of road frontage. Located in Manistee Township near the hospital, this 15,246 square-foot lot offers a blend of historic charm and modern commercial viability. The property's prime location and diverse income streams make it an attractive investment for discerning buyers.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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