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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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401 River St , Manistee, MI 49660
$625,000
Est. Payment: $1,388.89/mo
0 Bed
1 Bath
7108 Sqft
Status: Active Contingent | Days on site: 63
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By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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!
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Highlights

Listed by Brandon Ball , 231-690-4981 Dwelling Realty - KW Northern Michigan , 231-887-4455.

Property Type

Commercial Sale
Lot/Acreage
0.24

Year Built

1883

County

Manistee

 School District

Manistee

Listing ID

26033295

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Broadband

Exterior Features

Lot:River
Roof:Rubber
Principal Interest
$1,389
Taxes
$833

Home Price

$625,000

Loan Details

30 yrs
%

Down Payment

20%
$125,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,388.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,388.89 $832.58 $0.00 $2,221.47
Yearly $16,666.67 $9,991.00 $0.00 $26,657.67
Total $500,000.00 $299,730.00 $0.00 $799,730.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Manistee, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.