401 River Street, Manistee, MI 49660

New Listing
$625,000
Property Type: Commercial Sale Square Footage: 7,108 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $625,000 List Date: 7/01/2026 Last Modified: 7/01/2026

Overview

Description

It's a great time to buy in Downtown Manistee! Sitting on one of the most prominent corners in the heart of the historic downtown, this commercial building delivers income today and major upside tomorrow. The main level (approx. 3,458 sf, 14' ceilings) is leased to an established retail tenant for in-place cash flow. The business is NOT for SALE. The upper level (approx. 3,650 sf) is vacant and mostly down to the studs--a blank canvas ready for your multi-unit residential or live/work conversion. A large private parking lot to the West adds rare downtown parking and future development potential. Recent capital improvements include a new roof and updated HVAC, lowering near-term costs for the next owner. With all the recent commercial development transforming Manistee, now is the time to invest, build, or occupy on the sought-after River Street corridor. Ideal for investors, developers, and owner-users alike. Sale of the real estate only. Schedule your private showing today!

Listing Details MLS# 26033295

Location Property Info

County
Manistee
Street #
401
Street Name
River
Suffix
Street
State
MI
Zip Code
49660
Zip (4)
1522

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
0.24
Lot Square Footage
10454
Lot Dimensions
Irregular in attachments
Year Built
1883
Road Frontage
217.5
Total # Units
Yes
# Fin Bldg Lvls
Yes
Total # Bldgs
Yes
Total SqFt
7108
Full Baths
Yes
Waterfront
No
School District
Manistee

Tax Info

Tax ID #
51-350-702-13
Taxable Value
164833
SEV
183600
For Tax Year
2025
Seller's Annual Property Tax
9991
Tax Year
2025
Spec Assessment & Type
None
Zoning
C-3
Homestead %
0

Remarks Misc

Directions
US-13 to River St. West to the corner of Maple and River.

Additional Details

Ceiling Height
14
Power/Voltage
400 Amp

More Information

Income and Expenses

Annual Prop Ins ($)
4000
Annual Utilities ($)
500
Total Actual Rent
32400

Unit 1

Unit Description
Retal Tenant
SqFt
3458
Occupied
Yes
Rent $/Month
2700
# HVAC
2
# Baths
Yes
Tenant Pays Electric
Yes
Tenant Pays Gas
Yes

Location & Property Info

Cross Streets
Maple
Property Sub-Type
Retail
Municipality
City of Manistee

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
87.93
Prop Avail for Lease?
No

Remarks & Misc

Public Remarks
It's a great time to buy in Downtown Manistee! Sitting on one of the most prominent corners in the heart of the historic downtown, this commercial building delivers income today and major upside tomorrow. The main level (approx. 3,458 sf, 14' ceilings) is leased to an established retail tenant for in-place cash flow. The business is NOT for SALE. The upper level (approx. 3,650 sf) is vacant and mostly down to the studs--a blank canvas ready for your multi-unit residential or live/work conversion. A large private parking lot to the West adds rare downtown parking and future development potential. Recent capital improvements include a new roof and updated HVAC, lowering near-term costs for the next owner. With all the recent commercial development transforming Manistee, now is the time to invest, build, or occupy on the sought-after River Street corridor. Ideal for investors, developers, and owner-users alike. Sale of the real estate only. Schedule your private showing today!
Legal
Lengthy Legal on File. 51-350-702-13 plus 51-350-702-09

Water Type

River
Yes

Water Fea. Amenities

View
Yes

Street Type

Paved
Yes
Public
Yes

Property Use

Investment
Yes
Net Leased (nnn)
Yes

Utilities Attached

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Bar/Tavern/Lounge
Yes
Professional Service
Yes
Professional/Office
Yes
Restaurant
Yes
Retail
Yes
Other
Yes

Construction Type

Concrete
Yes
Frame/Wood
Yes

Exterior Material

Brick
Yes
Stucco
Yes

Roofing

Rubber
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Ownership

LLC
Yes

Below Grade

Basement
Yes

Heat Type

Forced Air
Yes

Air Conditioning

Central Air
Yes

Business Includes

Real Estate
Yes

Foundation

Brick/Mortar
Yes
Stone
Yes

Util Avail at St

Cable Available
Yes
Electricity Available
Yes
High Speed Internet
Yes
Natural Gas Available
Yes
Phone Available
Yes
Storm Sewer
Yes

Tenant Pays All

Electric
Yes
Gas
Yes

Driveway

Asphalt
Yes
Paved
Yes

Docs Req Conf Agrmnt

Leases
Yes

Send to Econ Dev Org

MEDC
Yes
SWMI First, Region 5
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Property Features

Property Use: Investment; Net Leased (nnn) Water Type: River Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail; Other Ownership: LLC Business Includes: Real Estate Construction Type: Concrete; Frame/Wood Exterior Material: Brick; Stucco Roofing: Rubber Foundation: Brick/Mortar; Stone Below Grade: Basement Tenant Pays All: Electric; Gas Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Asphalt; Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs Req Conf Agrmnt: Leases Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5 Unit 1: Tenant Pays Electric; Tenant Pays Gas Possession: Close Of Escrow
IDX
Listing Office: Dwelling Realty - KW Northern Michigan
Listing Agent: Brandon Ball
Source MLS Verified
Last Updated: July - 01 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.