$625,000
Manistee, MI 49660
MLS# 26033295
7108 sqft
1 / 15
Property Description
It's a great time to buy in Downtown Manistee! Sitting on one of the most prominent corners in the heart of the historic downtown, this commercial building delivers income today and major upside tomorrow. The main level (approx. 3,458 sf, 14' ceilings) is leased to an established retail tenant for in-place cash flow. The business is NOT for SALE. The upper level (approx. 3,650 sf) is vacant and mostly down to the studs--a blank canvas ready for your multi-unit residential or live/work conversion. A large private parking lot to the West adds rare downtown parking and future development potential. Recent capital improvements include a new roof and updated HVAC, lowering near-term costs for the next owner. With all the recent commercial development transforming Manistee, now is the time to invest, build, or occupy on the sought-after River Street corridor. Ideal for investors, developers, and owner-users alike. Sale of the real estate only. Schedule your private showing today!
Details
Location & Property Info
Cross Streets: Maple
Property Sub-Type: Retail
Municipality: City of Manistee
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 87.93
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: Irregular in attachments
Road Frontage: 217.5
Waterfront: No
Total # Units: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 7108
School District: Manistee
Lot Measurement: Acres
Lot Acres: 0.24
Lot Square Footage: 10454
Year Built: 1883
Full Baths: 1
Tax Info
Taxable Value: 164833
SEV: 183600
For Tax Year: 2025
Seller's Annual Property Tax: 9991
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: None
Zoning: C-3
Tax ID #: 51-350-702-13
Remarks & Misc
Public Remarks: It's a great time to buy in Downtown Manistee! Sitting on one of the most prominent corners in the heart of the historic downtown, this commercial building delivers income today and major upside tomorrow. The main level (approx. 3,458 sf, 14' ceilings) is leased to an established retail tenant for in-place cash flow. The business is NOT for SALE. The upper level (approx. 3,650 sf) is vacant and mostly down to the studs--a blank canvas ready for your multi-unit residential or live/work conversion. A large private parking lot to the West adds rare downtown parking and future development potential. Recent capital improvements include a new roof and updated HVAC, lowering near-term costs for the next owner. With all the recent commercial development transforming Manistee, now is the time to invest, build, or occupy on the sought-after River Street corridor. Ideal for investors, developers, and owner-users alike. Sale of the real estate only. Schedule your private showing today!
Legal: Lengthy Legal on File. 51-350-702-13 plus 51-350-702-09
Water Type
River: 1
Water Fea. Amenities
View: 1
Additional Details
Ceiling Height: 14
Power/Voltage: 400 Amp
Income and Expenses
Annual Prop Ins ($): 4000
Annual Utilities ($): 500
Total Actual Rent: 32400
Street Type
Paved: 1
Public: 1
Property Use
Investment: 1
Net Leased (nnn): 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Other: 1
Construction Type
Concrete: 1
Frame/Wood: 1
Exterior Material
Brick: 1
Stucco: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Basement: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Real Estate: 1
Foundation
Brick/Mortar: 1
Stone: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Tenant Pays All
Electric: 1
Gas: 1
Driveway
Asphalt: 1
Paved: 1
Docs Req Conf Agrmnt
Leases: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Unit 1
Unit Description: Retal Tenant
SqFt: 3458
Occupied: Yes
Rent $/Month: 2700
# HVAC: 2
# Baths: 1
Tenant Pays Electric: 1
Tenant Pays Gas: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Manistee
Street #: 401
Street Name: River
Suffix: Street
State: MI
Zip Code: 49660
Zip (4): 1522
OfficeContract Info
Status: Active
Current Price: $625,000
List Price: $625,000
Listing Date: 2026-07-01
Remarks Misc
Directions: US-13 to River St. West to the corner of Maple and River.
Property Features
Property Use: Investment; Net Leased (nnn)
Water Type: River
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail; Other
Ownership: LLC
Business Includes: Real Estate
Construction Type: Concrete; Frame/Wood
Exterior Material: Brick; Stucco
Roofing: Rubber
Foundation: Brick/Mortar; Stone
Below Grade: Basement
Tenant Pays All: Electric; Gas
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt; Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Leases
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Unit 1: Tenant Pays Electric; Tenant Pays Gas
Possession: Close Of Escrow
Listing Office: Dwelling Realty - KW Northern Michigan
Listing Agent: Brandon Ball
Last Updated: July - 01 - 2026
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