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Shannon Bagdonas

soldbyshannonb@outlook.com +1(313) 766-8387

$ 625,000

Est. payment -/mo

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401 River ST City Of Manistee, MI 49660

1 Bath

7,108 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 7,108 sqft

Price per Sqft $87

MLS Listing ID 67026033295

Year Built 1883

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type BusinessandRealEstate

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!; Power/Voltage: 400 Amp

Location

State MI

County Manistee

Area Area51092Manistee

Rooms

Basement Common Storage Locker

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Asphalt, Paved

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable

Waterfront Description RiverFront

View Y/N Yes

View Water

Roof Type Rubber

Building

Foundation Basement, BrickMortar, Stone

Sewer Public Sewer, Storm Drain

Water Public

New Construction No

Schools

School District Manistee

Others

Ownership LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Brandon Ball of Dwelling Realty - KW Northern Michigan

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+1(313) 766-8387

soldbyshannonb@outlook.com

https://movinginmichigan.net