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    Property profile & analytics

    607 Lakeshore Dr Manistique, MI 49854-1679

    • Turn key restaurants
    • 7,574 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3563775
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 607 Lakeshore Dr

    Year built
    1978
    Property size
    7,574 SF
    Zone code
    B2 GEN BUSINESS
    Property type
    Turn key restaurants
    APN
    051-600-055-00
    APU
    5160005500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manistique
    County
    Schoolcraft
    State
    Michigan
    Longitude
    -86.2374
    Latitude
    45.9479

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $16,094
    $0.00
    $0.00
    $301,100
    -
    $0.00
    $0.00
    $602,200

    Comparable in this City

    • Value Estimation by Request
      2,550 SF

      6788 Lakeshore Dr

      RESTAURANT • 2,550 SF
      6788 Lakeshore Dr, Manistique, MI 49854
      View Details
    • Value Estimation
      $345,000
      2,184 SF

      220 Cedar St

      RESTAURANT • 2,184 SF
      220 Cedar St, Manistique, MI 49854-1426
      View Details
    • Value Estimation by Request
      1,564 SF

      204 Cedar St

      BAR, TAVERN • 1,564 SF
      204 Cedar St, Manistique, MI 49854-1426
      View Details
    • Value Estimation
      $230,000
      5,055 SF

      1263 State Hwy M149

      BAR, TAVERN • 5,055 SF
      1263 State Hwy M149, Manistique, MI 49854
      View Details
    • Value Estimation by Request
      1,404 SF

      370 Lakeshore Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,404 SF
      370 Lakeshore Dr, Manistique, MI 49854-1418
      View Details
    • Value Estimation
      $425,000
      2,496 SF

      8905 Boot Lk Rd

      BAR, TAVERN • 2,496 SF
      8905 Boot Lk Rd, Manistique, MI 49854
      View Details

    Similar Nearby for Sale

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      High-exposure waterfront commercial property in a charming lakefront town.
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    • $2,304,000

      Retail Property Near Lake Michigan

      Freestanding retail property with excellent visibility and accessibility.
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      Versatile Commercial Building in Manistique

      4000 SF commercial building with division potential and ample parking.
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    Property Visit Statistics

    • Visits by month
      6.3k
    • Visitors by month
      4.2k
    • Avg Time on site
      52 min
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    Manistique, MI 49854-1679
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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