156 Washington Street, Manistee

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30049335
Status: Pending/Contingent
Building Size (RSF): 4,606 SF
Gross Building Area: See Agent
Sale Price: $49,000
Unit Price: $10.64 PSF
Ceiling: 7 ft.
Property Use Type: Business
Building Name: Laundromat
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/24/2018

Overview / Comments

Good income producing property on the North side of Manistee. Building features a Laundromat which is leased and a large 3 bedroom apartment upstairs. The apartment has just been gutted and is ready for new flooring, kitchen and a bathroom. Owner took those out after last tenants to replace with new. Tenant downstairs pays $1,000/month and has a lease in place. With a little work, the apartment can be up and producing income in no time! Exceptional corner lot with ample parking.

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Additional Details

Nearest MSA: Ludington
County: Manistee
Taxing Authority: Manistee city
Tax ID/APN: 5151127070501
Retail Clientele: Business
Property Located Between: Just west of US31
Property Visibility: Good
Largest Nearby Street: U.S. 31
Feet of Frontage: 140
Airports: Manistee Blacker Airport daily flights to Chicago midway
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1940
Year Renovated: 1984
Roof Type: Flat
Construction/Siding: Vinyl Siding, Wood Siding
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Internet Access: Cable
Zoning Description: R-2 Medium Density Residential
Water Service: Other
Sewer Type: Other
Legal Description: Ramsdell + Benedicts North Add Lots 1 +2 Block 2. 156 and 156 1/2.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,550 8,106 11,013
Median Age: 42.24 44.75 46.76
Households: 2,069 3,675 4,836
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