Homes for sale - 427 Water Street, Manistee, MI 49660

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Ryan Maceri

mhgrealtors@gmail.com +1(586) 519-6259

$ 175,900

Est. payment | -/mo

3,328 SqFt

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$ 175,900

Est. payment | -/mo

Save

3,328 SqFt

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

Originating Board Mason Oceana Manistee Board of REALTORS®

Year Built 1907

Annual Tax Amount $7,510

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 60X50

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

Direction In downtown Manistee at the Southeast corner of Oak and Water Streets

Interior

Heating Radiant

Heat Source Natural Gas

Exterior

Roof Type Composition

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary), Storm Drain

Water Public (Municipal)

Structure Type Block

Schools

School District Manistee

Others

Tax ID 5134970609

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

Listed by Jermaine Elizabeth Sullivan of Dwelling Realty - KW Northern Michigan

Ryan Maceri

Agent

+1(586) 519-6259 | mhgrealtors@gmail.com

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427 Water Street Manistee, MI 49660

Ryan Maceri

Key Details

Location

Interior

Exterior

Building

Schools

Others

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427 Water Street