427 Water Street Active Save Request In-Person Tour Request Virtual Tour
Manistee,MI 49660
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $52
MLS Listing ID 67025000347
Year Built 1907
Annual Tax Amount $7,510
Lot Size 6,969 Sqft
Property Sub-Type Business Opportunity
Property Description
Nestled just one block off River Street, in the charming and historic city of Manistee, stands a building with timeless appeal and immense potential. This property, steeped in history and boasting an enviable location, presents a rare investment opportunity for those with a vision to transform it into something truly special. Whether you are an experienced investor or a passionate renovator, this building offers a canvas for a multitude of possibilities, from commercial ventures to residential transformations. Stepping inside the building, one is immediately struck by its potential. High ceilings, large windows, and original woodwork are just a few of the features that make this property stand out. This property is just waiting to be loved again!Below is a list of incentives that COULD apply to this property:
Local Incentives/Grants
Brownfield TIF
Housing TIF (Depending on the Number of Units created)
Payment In Lieu of Taxes (PILOT)
Manistee DDA Facade Grant
State Incentives/Grants
Obsolete Property Rehabilitation Act (OPRA)
Commercial Rehabilitation Act
Commercial Redevelopment Act ( Rehabilitation would have to keep property commercial)
Federal/State Historical Tax Credits
MEDC Build MI Community Grant (Depends on the experience of the developer)
MEDC Community Revitalization Program (CRP)
MSHDA Grants (Depends on Project and unit density)
Note that this property does fall outside of Manistee's Opportunity Zone, so no capital gains tax incentive would apply to this property.
Buyer should inquire with the ED Director.
Location
State MI
County Manistee
Area Manistee
Zoning Commercial
Interior
Heating Radiant
Exterior
Roof Type Composition
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary),Storm Drain
Water Public (Municipal)
Structure Type Block
Schools
School District Manistee
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Unknown/Data Share Listings