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350 River St

Manistee, MI 49660
Active | MLS #21002205 | 208 days on market
beds
Beds
baths
Baths
4
sq ft
Sq Ft
5600
acres
Acreage
0.10
type
Business Opportunity
$550,000
$2,600/mo est*
Thomas Serio
Interested in this property?
Thomas Serio Realtor®

Home Features

heating
Heating
cooling
Cooling
waterfront
Waterfront
Yes
county
County
Manistee
Municipality
Municipality
City of Manistee
school
School District
Manistee
calendar
Year Built
1900

Details

River Street Station and Marina! Located in the historical Victorian section of downtown Manistee on the River Channel between Lake Michigan & Manistee Lake. Approximately 5,600 sq. ft. Restaurant is on the main level with inside capacity of 117. Beautiful outside deck with a panoramic view of the Manistee River, drawbridge, and the large freighter ships that come through regularly. Deck allows for an additional 50+ seating capacity. 2 bedroom apartments on the upper level. Potential for 2 apartment one facing the River and the other facing the parade route. Lower walkout with abundant storage, updated mechanicals, as well as walk-in cooler and freezer. This waterfront property includes 3 piers and 4 boat slips available for customers or apartment/s. Turn key. Class C Liquor License
Agent: Therran FergusonPhone: 231-299-1180

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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