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Jenn Smart

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87 Division , Manistee, MI 49660
$500,000
Est. Payment: $2,605.57/mo
0 Bed
0 Bath
17274 Sqft
Status: active | Days on site: 4
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Mark Hagan , 231-929-7985 Coldwell Banker Schmidt Traverse City , 231-922-2350. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.51

Year Built

1920

County

Manistee

Area

Manistee (51021)

Listing ID

80067272

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:17274
Water:Public Water

Exterior Features

Lot Dimensions:176x134x156x132
Zoning:Commercial
Roof:Asphalt,Metal
Sewer:Public Sanitary
Parking Features:Parking Lot
Principal Interest
$2,606
Taxes
$319

Home Price

$500,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$100,000
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:
$2,605.57

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,605.57 $318.75 $0.00 $2,924.32
Yearly $31,266.83 $3,825.00 $0.00 $35,091.83
Total $938,005.04 $114,750.00 $0.00 $1,052,755.04
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So-Crates Johnson
Dust, Wind, Dude
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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.

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Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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Data last updated: 2026-09-02T03:11:55.100Z

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