87 Division Street Manistee, MI $ 500,000
87 Division Street
$ 500,000
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87 Division Street

Manistee, MI, 49660
$ 500,000
Bedrooms-- Baths-- Sq 17,274

Monthly Estimate*

$ 3,079

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Commercial Property for sale in Manistee, MI

for $500,000. This 17,274 square foot building was built in 1920 on a lot size of 0.51.

Positioned in the heart of Downtown Manistee, this unique offering includes three interconnected commercial buildings spanning half a city block, with frontage on Cypress Street (US-31), Division Street, and Clay Street. Formerly home to a long-standing hardware store, the property features approximately 17,000 square feet of retail space, complemented by two additional buildings that provide flexibility for a wide range of uses. With its prominent location along a primary corridor and strong visibility, the property is ideally suited for redevelopment, adaptive reuse, or a multi-tenant investment concept. The surrounding area is a vibrant mix of local shops, restaurants, and essential services, drawing consistent traffic from year-round residents, seasonal visitors, and Northern Michigan vacationers. An upper-level approximately 1,500 square foot three-bedroom apartment offers additional potential for residential income or owner occupancy, with a spacious layout and private covered deck, ready for renovation and customization. Just minutes from Lake Michigan beaches, the marina, and the Riverwalk, this property presents a rare opportunity to reimagine a significant footprint in one of Northern Michigan’s most charming and active downtowns.

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Commercial Active

Price

$ 500,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.51

Year Built

1920

Town/City

Manistee

County/Region

Manistee

MLS | Web ID

1944148

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Close Of Escrow
Roof Asphalt Metal/Steel Membrane
Construction Materials Frame Wood Siding Brick Block
Year Built 1920
Township City of Manistee
Property Subtype Retail
Business Type Retail
Accessibility None
Assoc Fee Paid Per Annually
Business Name none
County Manistee
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name none
Garage Y/N N
Building Features None
Rent Includes None
Status Active
Directions US 31 to property on the Southwest corner of Cypress St (US 31) and Clay St
City Manistee
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 22215.6
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 204799
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description see docs
Freehold IDX
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Interior
Basement Partial
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Parking Lot On Street
Lot Features Corner Lot
Water Source Public
Lot Size Area 0.51
Spa N
Lot Dimensions 176x134x156x132
Lot Size Acres 0.51
Other Parking Parking Lot Street Parking
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Coldwell Banker Schmidt Traverse City

Broker

Cell: 231-929-7985

Contact

Affordability Calculator

$3,079
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$500,000 Listed Price

Map


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87 Division Street, Manistee, MI, 49660 is a Commercial Property for sale at $500,000 with 17,274 sqft and a lot size of 0.51. 87 Division Street was built in 1920. The property's zip code is 49660 which is in Manistee, MI