113 & 115 Cypress Street, Manistee, MI

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30630581
Property Subtypes: Convenience Store, Day Care Facility, Garden Center, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail
Status: Pending
Building Size (RSF): 17,300 SF
Gross Building Area: See Agent
Gross Land Area: 1.54 Acres
Sale Price: $1,211,000
Unit Price: $70 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

Well positioned 2 tenant retail strip in the heart of the Manistee retail trade corridor. Family Video is month to month and space could be split for multiple users, Chinese restaurant has a long term lease in place. Exterior paint has been recently updated and parking lot repaired and re-striped. Call listing agent for more details. Also available for sale.

Additional Details

Nearest MSA: Ludington
County: Manistee
Tax ID/APN: 51-512-275-19, 51-568-702-03, 51-568-702-05, 51-512-275-20
Zoning: COMMERCIAL
Retail Clientele: Business, Tourist
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1959

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,558 8,106 11,312
Median Age: 41.88 44.75 46.54
Households: 2,038 3,675 4,962

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