87 Division Street, Manistee, MI

Retail for Sale - $500,000 - 17,274 Sq. Ft.


Agent Info

Mark Hagan
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1190484
Location
  87 Division Street
  Manistee MI 49660
UpdatedApril 23rd, 2026
TypeRetail
Price$500,000
Building17,274 Sq. Ft.

Property Description

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.


Financials


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