101 Sibben Street, Manistee, MI 49660

$309,000
Property Type: Multi Family Lot Size (sq. ft.): 10,890 Status: Active Contingent
Current Price: $309,000 List Date: 12/03/2025 Last Modified: 12/24/2025

Description

Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment opportunity in this historic building ideally positioned with stunning views of Manistee Lake & just a short walk to vibrant downtown Manistee. With the potential for four income-producing apartments, this property offers immediate revenue, future growth, & a highly desirable location.Apartment A-Lower-level walkout space ready for development—create a new rental unit, owner's suite, or additional Airbnb potential. Apartment B-Currently operating as a successful turn-key Airbnb, fully furnished & ready to continue generating short-term rental income from day one. Apartments C & D-Both units have wonderful long-term renters in place, providing stable, consistent income.Additional features include assigned off-street parking, charming historic character throughout, & unbeatable proximity to Lake Michigan beaches, local shops, restaurants, & Manistee Riverwalk.

Supplements: Whether you're looking to expand your rental portfolio or create a mixed-use income strategy, this unique property delivers flexibility, charm, and strong potential. Owners pay water, Sewer & refuse. Apt B-AirBnB has a new furnace. Apt C wall furnace, is on a Month -Month lease at $800/month, includes Utilities , Apt D- has a lease @ $800/Month & pays Electric & Gas. All units have separate meters for Electric & Gas so can easily be adjusted. Updates to building are:- -Exterior paint, (with trim and porches) - Exterior repairs - Exterior porch dusk-to-dawn lighting + motion detecting light for back apartments' foyer - New furnace spring of '25 - Multiple new window packages throughout - Landscaping - Interior designing / furnishings for apt B Financials on AirbnB available on request. Also leases.

More Information MLS# 25060461

Location & Property Info

Cross Streets: First Street Property Sub-Type: 2 to 4 Units Municipality: City of Manistee

Office/Contract Info

Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: 80x130 Financial Available: Yes Road Frontage: 80 Cert of Compliance: Yes Cert. of Compliance Exp Date: 2026-02-23 Waterfront: Yes Body of Water: Manistee Lake Basement: Yes Total # Units: 3 # of Diff Unit Floor Plans: 3 Total # Bldgs: 1 Total Parking Spaces: 4 Statewide Lakes & Rivers: Manistee Lake School District: Manistee High School: Manistee Middle High School Middle School: Kennedy Middle School Lot Measurement: Acres Lot Square Footage: 10890 Lot Acres: 0.25 Year Built: 1880

Tax Info

Taxable Value: 91150 SEV: 109700 For Tax Year: 2025 Seller's Annual Property Tax: 5674 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: None Known Zoning: Residential Tax ID #: 51-512-275-01

Remarks & Misc

Public Remarks: Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment opportunity in this historic building ideally positioned with stunning views of Manistee Lake & just a short walk to vibrant downtown Manistee. With the potential for four income-producing apartments, this property offers immediate revenue, future growth, & a highly desirable location.Apartment A-Lower-level walkout space ready for development—create a new rental unit, owner's suite, or additional Airbnb potential. Apartment B-Currently operating as a successful turn-key Airbnb, fully furnished & ready to continue generating short-term rental income from day one. Apartments C & D-Both units have wonderful long-term renters in place, providing stable, consistent income.Additional features include assigned off-street parking, charming historic character throughout, & unbeatable proximity to Lake Michigan beaches, local shops, restaurants, & Manistee Riverwalk. Legal: PT GOVT LOT 2 COM 2 RDS E + 2 RDS S OF CEN LINES SIBBEN + 1ST ST, E 8 RDS, S 8 RDS, W 8 RDS, N 8 RDS TO POB EXC S 50 FT. .25 A*M/L SEC 12 T21N R17W. ____P.ADDR: 101 SIBBEN ST. APTS SALE(77) 2354 0469 (78) 290 1361 0710 (87) 40 3494 0936 (98) 595 16 92 0193 (01) 750 1751 0683

Waterfront Options

Water Access Y/N: No Water Frontage: 0

Water Type

Lake: 1

Water Fea. Amenities

Public Access 1 Mile or Less: 1 View: 1

Lot Description

Corner Lot: 1 Level: 1 Sidewalk: 1

Street Type

Paved: 1 Public: 1

Util Avail at Street

Cable Available: 1 Electricity Available: 1 Natural Gas Available: 1 Phone Available: 1 Public Sewer: 1 Public Water: 1 Storm Sewer: 1

Utilities Attached

Cable Connected: 1 Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1

Mineral Rights

Unknown: 1

Exterior Material

Wood Siding: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Forced Air: 1

Air Conditioning

Window Unit(s): 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1 Gas: 1

Driveway

Paved: 1

Substructure

Full: 1

Extras

Sep Electric Meter: 1 Sep Gas Meter: 1

Owner Pays

Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit #: 1 Unit Description: Main Floor Occupied: No Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range Oven: 1 Refrigerator: 1 Sep. Heat System: 1

Unit 2

Unit #: 2 Unit Description: Upper Occupied: Yes Monthly Rent: 800 Bedrooms: 1 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1

Unit 3

Unit #: 3 Unit Description: Upper Occupied: Yes Monthly Rent: 800 Bedrooms: 1 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1

Possession

Negotiable: 1

Location Property Info

County: Manistee Street #: 101 Street Name: Sibben Suffix: Street State: MI Zip Code: 49660 Zip (4): 1717 Area: MasonOceanaManistee - O

OfficeContract Info

Status: Active Contingent Current Price: $309,000 List Price: $309,000 Listing Date: 2025-12-01

Remarks Misc

Directions: S 31 to First St. East on First St. Property is first home on the curve.

Property Features

Water Type: Lake Exterior Material: Wood Siding Roofing: Composition Substructure: Full Lot Description: Corner Lot; Level; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Sep Electric Meter; Sep Gas Meter Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Window Unit(s) Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Negotiable Sale Conditions: None Unit 1: Range Oven; Refrigerator; Sep. Heat System Unit 2: Range/Oven; Refrigerator; Sep. Heat System Unit 3: Range/Oven; Refrigerator; Sep. Heat System

Documents

Listing Office: CENTURY 21 Northland
Listing Agent: Virginia M Pelton
IDX
Last Updated: December - 24 - 2025
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