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Listed by Coldwell Banker Schmidt Traverse City
$500,000
Est. payment /mo
17,274 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 17,274 sqft
Price per Sqft $28
MLS Listing ID 1944148
Year Built 1920
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Retail
Property Description
Positioned in the heart of Downtown Manistee, this unique offering includes three interconnected commercial buildings spanning half a city block, with frontage on Cypress Street (US-31), Division Street, and Clay Street. Formerly home to a long-standing hardware store, the property features approximately 17,000 square feet of retail space, complemented by two additional buildings that provide flexibility for a wide range of uses. With its prominent location along a primary corridor and strong visibility, the property is ideally suited for redevelopment, adaptive reuse, or a multi-tenant investment concept. The surrounding area is a vibrant mix of local shops, restaurants, and essential services, drawing consistent traffic from year-round residents, seasonal visitors, and Northern Michigan vacationers. An upper-level approximately 1,500 square foot three-bedroom apartment offers additional potential for residential income or owner occupancy, with a spacious layout and private covered deck, ready for renovation and customization. Just minutes from Lake Michigan beaches, the marina, and the Riverwalk, this property presents a rare opportunity to reimagine a significant footprint in one of Northern Michigan's most charming and active downtowns.
Location
State MI
Rooms
Basement Partial
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Asphalt,Metal/Steel,Membrane
Garage false
Building
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456