401 River Street, Manistee, MI 49660
- $625,000
- 1
- BA
- List Price
- $625,000
- Days on Market
- 28
- MLS#
- 26033295
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 1
- Full-baths
- 1
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!
Additional Information
- Taxes
- $9,991
- Acres
- 0.24
- Heating
- Forced Air
- Roofing
- Rubber
- School District
- Manistee
- Tenant Pays
- Electricity, Gas
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
- Water Features
- River Front
- Water
- Public Water
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Listing courtesy of Listing Agent: Brandon Ball from Listing Office: Dwelling Realty - KW Northern Michigan.
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