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113 - 115 Cypress (Us-31) St

Manistee, MI 49660
Active | MLS #21003061 | 207 days on market
beds
Beds
baths
Baths
sq ft
Sq Ft
1
acres
Acreage
1.54
type
Retail/Commercial
$1,100,000
$5,201/mo est*
Thomas Serio
Interested in this property?
Thomas Serio Realtor®

Home Features

heating
Heating
cooling
Cooling
waterfront
Waterfront
No
county
County
Manistee
Municipality
Municipality
City of Manistee
school
School District
Manistee
calendar
Year Built
1959

Details

Great opportunity to own a 17,300 sq ft commercial building in the heart of Manistee, blocks from downtown. US-31 frontage! 2 separate addresses, 2 separate tax ID#s, and at least 2 business possibilities. One side is currently leased to China Buffet and the Family Video side is now vacant. 80 parking spaces on three sides of this bldg. 2 main roads access this location, offering an ideal DRIVE-THRU OPTION to BOTH bldgs. 10,340 vacant space available on N side of bldg w/3 BA; 6,960 is currently leased by China Buffet. 1.54 acres total! 8-yr-old rubber roof on China Buffet; 2-yr-old roof on Family Video. Parking lot was repaired and re-striped in 2019 and the exterior of the bldg was painted in 2019 (except front of bldg). Lighted parking lot in front. Next to A&W and across from Pizzeria.
Agent: Virginia M PeltonPhone: 231-723-6100

Interior

Exterior

*Estimated monthly payments are based on 3.92% interest rate and 30 year loan term. Please contact your mortgage lender for a monthly payment estimate accurate to you.

Local Market Info

Balanced
Buyer's
Seller's
Manistee is currenty a
Seller's Market

A seller’s market exists when the number of home buyers exceeds the number of homes offered for sale. Sellers will benefit because high demand and low inventory will drive up prices.

Area Demographics

Demographic Icon
Total Population
6071
Demographic Icon
Population Density
1,848
/sq mi.
Demographic Icon
Median YEARLY income
$23,682
Demographic Icon
MEDIAN AGE
43
Demographic Icon
COLLEGE EDUCATED
28%
Demographic Icon
Owner/renter divide
70% / 30%

Listing Stats

+60.1%
Since last Year
Average List Price
2017 2017 2017.5 2017.5 2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0 0 100,000 100,000 200,000 200,000 300,000 300,000 400,000 400,000
+80.0%
Since last Year
Number of New Homes on Market
2017 2017 2017.5 2017.5 2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0 0 5 5 10 10 15 15
+2.1%
Since last Year
Average Sale Price
2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0 0 50,000 50,000 100,000 100,000
-50.0%
Since last Year
Number of Sold Homes
2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0.0 0.0 2.0 2.0 4.0 4.0 6.0 6.0
875 Oak Ridge Rd
Muskegon, MI 49441

Location Hours

M-F
8AM - 4PM walk ins
(Evenings By Appointment)

S-S
By Appointment Only

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