$425,000
Manistee, MI 49660
MLS# 25005153
9600 sqft
1 / 44
Property Description
City of Manistee is growing & developing daily with new Retail stores, restaurants & Mom & Pop businesses. This property would be a great way to get into the Manistee Community with a no stress investment. One Rental has 1 1/ 2 years left on their leases & other 1/2 a year. This well maintained commercial building offers a great location with ease of ownership due to great lease formats. The building is actually 2 buildings connected. The back building is storage & loading docks. Both renters pay own electric & share the gas. Both retail spaces have their own bathrooms, utility & break rooms. The loading docks are in the rear of the building off a large parking area. Maintenance on the building is minimal as it has been well maintained. Showings during Retail hours
Details
Maps
Documents
Location & Property Info
Cross Streets: First St
Property Sub-Type: Business Opportunity
Area: MasonOceanaManistee - O
Municipality: City of Manistee
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 44.27
Prop Avail for Lease?: No
Current Bldg Use: Leased by 2 Businesses
General Property Info
New Construction: No
Lot Dimensions: 185.33 x 96.67
Road Frontage: 185.33
Mineral Rights: Unknown
Waterfront: No
Total # Units: 2
Total # Bldgs: 2
# Fin Bldg Lvls: 1
Total SqFt: 9600
Property Use Type: Business
School District: Manistee
Lot Measurement: Acres
Lot Acres: 0.41
Lot Square Footage: 17916
Year Built: 1991
Full Baths: 2
Tax Info
Taxable Value: 166049
SEV: 201500
For Tax Year: 2024
Seller's Annual Property Tax: 10000
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None Known
Tax ID #: 51- 51-448-723-01
Remarks & Misc
Public Remarks: City of Manistee is growing & developing daily with new Retail stores, restaurants & Mom & Pop businesses. This property would be a great way to get into the Manistee Community with a no stress investment.
One Rental has 1 1/ 2 years left on their leases & other 1/2 a year.
This well maintained commercial building offers a great location with ease of ownership due to great lease formats.
The building is actually 2 buildings connected. The back building is storage & loading docks. Both renters pay own electric & share the gas. Both retail spaces have their own bathrooms, utility & break rooms. The loading docks are in the rear of the building off a large parking area. Maintenance on the building is minimal as it has been well maintained. Showings during Retail hours
Legal: FILER + SMITHS ADD LOT 1, EXC S 8 FT THEREOF ALSO LOT 2, EXC W 20 FT & ALSO EXC S 20 FT OF E 61.33 FT OF SD Lot 2 Blk13
Additional Details
# Loading Docks/Well: 3
Total Parking Spaces: 2
Income and Expenses
Annual Prop Ins ($): 17000
Annual Utilities ($): 3200
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Retail: 1
Construction Type
Frame/Wood: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Corporation: 1
Below Grade
None: 1
Heat Type
Hot Water: 1
Air Conditioning
Wall Unit(s): 1
Docs at List Office
Aerial Photo: 1
Business Includes
Real Estate: 1
Additional Features
Barrier Free: 1
Foundation
Slab: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Tenant Pays All
Electric: 1
Driveway
Paved: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Manistee
Street #: 84
Street Name: Division
Suffix: Street
State: MI
Zip Code: 49660
OfficeContract Info
Status: Active
Current Price: $425,000
List Price: $425,000
Listing Date: 2025-02-10
Remarks Misc
Directions: U.S. 31 in Manistee to 1st St. Turn West on 1st then a quick right onto Division. Building is on the left.
Property Features
Property Use: Business
Uses: Professional Service; Retail
Ownership: Corporation
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Vinyl Siding
Roofing: Composition
Foundation: Slab
Below Grade: None
Additional Features: Barrier Free
Tenant Pays All: Electric
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Hot Water
Air Conditioning: Wall Unit(s)
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo
Docs Req Conf Agrmnt: Financials; Leases
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Possession: Subject To Tenant Rights
Aerial 
Property Sketch 
Listing Office: CENTURY 21 Northland
Listing Agent: Virginia M Pelton
Last Updated: April - 16 - 2026
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