$309,000
Manistee, MI 49660
MLS# 25060461
Status: Active Contingent

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Property Description
Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment opportunity in this historic building ideally positioned with stunning views of Manistee Lake & just a short walk to vibrant downtown Manistee. With the potential for four income-producing apartments, this property offers immediate revenue, future growth, & a highly desirable location.Apartment A-Lower-level walkout space ready for development—create a new rental unit, owner's suite, or additional Airbnb potential. Apartment B-Currently operating as a successful turn-key Airbnb, fully furnished & ready to continue generating short-term rental income from day one. Apartments C & D-Both units have wonderful long-term renters in place, providing stable, consistent income.Additional features include assigned off-street parking, charming historic character throughout, & unbeatable proximity to Lake Michigan beaches, local shops, restaurants, & Manistee Riverwalk.
Details
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Documents
Location Property Info
County: Manistee
Street #: 101
Street Name: Sibben
Suffix: Street
State: MI
Zip Code: 49660
Zip (4): 1717
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Active Contingent
Current Price: $309,000
List Price: $309,000
Listing Date: 2025-12-01
General Property Info
Lot Measurement: Acres
Lot Square Footage: 10890
Lot Acres: 0.25
Lot Dimensions: 80x130
Year Built: 1880
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-02-23
Road Frontage: 80
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 4
Waterfront: Yes
Body of Water: Manistee Lake
Statewide Lakes & Rivers: Manistee Lake
School District: Manistee
Middle School: Kennedy Middle School
High School: Manistee Middle High School
Tax Info
Tax ID #: 51-512-275-01
Taxable Value: 91150
SEV: 109700
For Tax Year: 2025
Seller's Annual Property Tax: 5674
Tax Year: 2025
Spec Assessment & Ty: None Known
Zoning: Residential
Remarks Misc
Directions: S 31 to First St. East on First St. Property is first home on the curve.
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Main Floor
Occupied: No
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Upper
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: Upper
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Water Type: Lake
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Negotiable
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Sep. Heat System
Unit 2: Range/Oven; Refrigerator; Sep. Heat System
Unit 3: Range/Oven; Refrigerator; Sep. Heat System
Supplements
Whether you're looking to expand your rental portfolio or create a mixed-use income strategy, this unique property delivers flexibility, charm, and strong potential.
Owners pay water, Sewer & refuse. Apt B-AirBnB has a new furnace. Apt C wall furnace, is on a Month -Month lease at $800/month, includes Utilities , Apt D- has a lease @ $800/Month & pays Electric & Gas. All units have separate meters for Electric & Gas so can easily be adjusted.
Updates to building are:-
-Exterior paint, (with trim and porches)
- Exterior repairs
- Exterior porch dusk-to-dawn lighting + motion detecting light for back apartments' foyer
- New furnace spring of '25
- Multiple new window packages throughout
- Landscaping
- Interior designing / furnishings for apt B
Financials on AirbnB available on request. Also leases.
Listing Office: CENTURY 21 Northland
Listing Agent: Virginia Pelton
Last Updated: December - 24 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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