Prime River Frontage

Special Purpose for Sale
Catylist Listing ID: 30061195
Building Size (RSF): 6,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $595,000
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/30/2017

Overview / Comments

OWNER IS MOTIVATED!!

Historic turn-of-the-century (1900) rail depot building. Has operated as a funeral home for the past 80 +/- years. The building is a 2 story all masonry building in excellent condition on over an acre of ground with 265' feet of Manistee River/Channel frontage. This is an outstanding opportunity for a riverfront lodging/inn facility with marina potential. Directly adjacent to the Manistee City Marina and Riverwalk

Additional Details

Nearest MSA: Ludington
County: Manistee
Submarket Type: Central Business District
Tax ID/APN: 51-51-365-701-01
Zoning: COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: Spruce
Feet of Frontage: 265
Highway Access: US-31 6 blocks
Airports: Manistee Blacker - 4 miles
Site Description: 1+ acres with 265' of Manistee River frontage in the central business district
Area Description: Downtown Manistee central business district
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,000 SF
Property Condition: Excellent
Year Built: 1890
Year Renovated: 1980
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: All brick/masonry - Excellent condition
Parking Type: Surface
Parking Description: Large paved area west of the building. Additional paved lot across the street is available for purchase
Freight Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Large main floor rooms and multiple rooms upstairs
Zoning Description: Commercial river frontage in the central business district
Lot Frontage: 265
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,443 8,106 9,525
Median Age: 43.64 44.75 45.79
Households: 2,480 3,675 4,252
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