435 River Street, Manistee, MI 49660

New Listing
$475,000
Property Type: Commercial Sale Baths: 5 Square Footage: 6,556 Lot Size (sq. ft.): 3,049 Status: Active
Current Price: $475,000 List Date: 8/04/2026 Last Modified: 8/04/2026

Overview

Description

Great investment property for sale It has 3300 sq ft of retail space currently being used as a successful Upholstery shop. The upstairs 3300 sq ft is 4 apartments, 3 one bedroom apt and 1 two bedroom with an income of $3,200.00 per month. Owner would lease the commercial area to continue his business for a few more years which would increase the total income. All electrical, plumbing, flooring and roof have been updated in the past couple of years. There is also a 3300 sq ft basement for all your storage needs or work shop areas.

Listing Details MLS# 26040332

Location Property Info

County
Manistee
Street #
435
Street Name
River
Suffix
Street
State
MI
Zip Code
49660
Zip (4)
1577

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
0.07
Lot Square Footage
3049
Lot Dimensions
24x150
Year Built
1893
Road Frontage
24
Mineral Rights
Unknown
Total # Units
5
# Fin Bldg Lvls
2
# of Diff Unit Floor Plans
2
Total # Bldgs
Yes
Total SqFt
6556
Property Use Type
Business
Full Baths
5
Total Baths
5
Waterfront
No
Body of Water
Manistee River
School District
Manistee
Statewide Lakes & Rivers
Manistee River

Tax Info

Tax ID #
51-349-705-02
Taxable Value
122637
SEV
153200
For Tax Year
2025
Tax Year
2025
Spec Assessment & Type
Unknown
Seller's Annual Property Tax
0
Homestead %
0

Remarks Misc

Directions
US 31 to River st turn west to property

Waterfront Options

Water Access Y/N
Yes

More Information

Business Opportunity

# Full Time Employees
Yes
Real Estate Value ($)
475000

Unit 1

Unit Description
one bedroom
Occupied
Yes
Rent $/Month
800
# Baths
Yes
Tenant Pays Electric
Yes
Tenant Pays Gas
Yes

Unit 2

Unit Description
1 Bedroom
Occupied
Yes
Rent $/Month
800
# Baths
Yes
Tenant Pays Electric
Yes
Tenant Pays Gas
Yes

Unit 3

Unit Description
1 Bedroom
Occupied
Yes
Rent $/Month
800
# Baths
Yes
Tenant Pays Electric
Yes
Tenant Pays Gas
Yes

Unit 4

Unit Description
2 Bedroom
Occupied
Yes
Rent $/Month
800
# Baths
Yes
Tenant Pays Electric
Yes
Tenant Pays Gas
Yes

Location & Property Info

Cross Streets
Oak
Property Sub-Type
Retail
Municipality
City of Manistee
Principal Road
Yes

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
72.45
Prop Avail for Lease?
No
Current Bldg Use
Mathewson Upholstery studio

Remarks & Misc

Public Remarks
Great investment property for sale It has 3300 sq ft of retail space currently being used as a successful Upholstery shop. The upstairs 3300 sq ft is 4 apartments, 3 one bedroom apt and 1 two bedroom with an income of $3,200.00 per month. Owner would lease the commercial area to continue his business for a few more years which would increase the total income. All electrical, plumbing, flooring and roof have been updated in the past couple of years. There is also a 3300 sq ft basement for all your storage needs or work shop areas.
Legal
pt of

Water Type

River
Yes

Water Fea. Amenities

All Sports
Yes
View
Yes

Street Type

Paved
Yes
Public
Yes

SqFt Information

Carbon Monoxide Detector(s)
Yes
Smoke Detector(s)
Yes

Property Use

Business
Yes
Investment
Yes

Utilities Attached

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Professional Service
Yes
Retail
Yes

Construction Type

Concrete
Yes

Exterior Material

Brick
Yes

Roofing

Rubber
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Ownership

Other
Yes

Below Grade

Basement
Yes
Full
Yes

Heat Type

Forced Air
Yes

Air Conditioning

Central Air
Yes

Business Includes

Real Estate
Yes

Additional Features

Multi User Facility
Yes

Foundation

Stone
Yes

Util Avail at St

Storm Sewer
Yes

Tenant Pays All

Electric
Yes
Gas
Yes

Driveway

None
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Possession

Negotiable
Yes

Property Features

Property Use: Business; Investment SqFt Information: Carbon Monoxide Detector(s); Smoke Detector(s) Water Type: River Uses: Professional Service; Retail Ownership: Other Business Includes: Real Estate Construction Type: Concrete Exterior Material: Brick Roofing: Rubber Foundation: Stone Below Grade: Basement; Full Additional Features: Multi User Facility Tenant Pays All: Electric; Gas Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: None Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Unit 1: Tenant Pays Electric; Tenant Pays Gas Unit 2: Tenant Pays Electric; Tenant Pays Gas Unit 3: Tenant Pays Electric; Tenant Pays Gas Unit 4: Tenant Pays Electric; Tenant Pays Gas Possession: Negotiable
IDX
Listing Office: Dwelling Realty - KW Northern Michigan
Listing Agent: Jim Beaudrie
Source MLS Verified
Last Updated: August - 04 - 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.