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 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

View FullscreenMap

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


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.