84 Cypress St Manistee, MI 49660

Property Details for 84 Cypress St

Property type

Commercial real estate

APN

51-448-725-08

APU

5144872508

Description

This exceptional commercial property presents a unique investment opportunity in the heart of Manistee, Michigan. Located on a highly desirable half-city block encompassing 84 Cypress St, 85 Division St, and 87 Division St, this property boasts a substantial 17,000 square feet of space, previously utilized as a hardware store. Its prime location on Cypress Street (US-31), with additional frontage on Division and Clay Streets, ensures high visibility and accessibility. The property benefits from its proximity to the vibrant downtown area, featuring local restaurants, national retailers, and the post office, catering to a year-round population of residents, tourists, and vacationers in Northern Michigan. The property's strategic location is also complemented by its closeness to beaches, the marina, and the river walk, enhancing its appeal and potential. Beyond the main retail space, the property includes a sizable 1,500 square foot, three-bedroom apartment on the upper level. While requiring renovation, this apartment features a spacious living area, a large kitchen, and a covered deck, offering significant potential for rental income or owner occupancy. The expansive size and versatile nature of this property offer unlimited possibilities for redevelopment, making it an ideal investment for entrepreneurs and developers seeking a prominent location in a thriving Michigan community. The 0.51-acre lot provides ample space for expansion or future development projects. This is a rare opportunity to acquire a substantial commercial property in a prime location with significant upside potential.