Lake Manistee Deep Water Port / Residential Development Site

Vacant Land for Sale
Also listed as Industrial, Multi-Family
Catylist Listing ID: 30769828
Property Subtypes: Hospitality, Industrial, Multi-Family, Vacation/Resort
Gross Land Area: 8.37 Acres
Sale Price: $1,650,000
Unit Price: $197,132 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/2/2021

Overview / Comments

Developable waterfront land. 8.37 acres with special Peninsula District Zoning. City of Manistee has expressed a strong interest in high density housing with preliminary discussions of 10-12 units per acre (possibly more) and a potential relaxing of height restrictions. This location is ideal for a blend of condos and apartments with a marina/restaurant on the water as a value add. Deep water port could be used for Great Lakes cruise ships as well, as this was previously a port for aggregate.

Site was previously a deep water port, there is a development agreement limiting industrial uses at the site. We are currently working to see if this can be reversed.

Attachments & Media

Additional Details

Nearest MSA: Cadillac
County: Manistee
Tax ID/APN: 5144873501
Zoning: COMMERCIAL
Zoning Description: Peninsula District, there is potential for a PUD.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,665 8,106 11,855
Median Age: 39.71 44.75 46.82
Households: 1,627 3,675 5,208

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