For Sale
401 River Street, Manistee, MI 49660
$625,000
MLS # 26033295 (Michigan Regional Information Center (MichRIC))
1 bathBuilt 18830.24 acres
1 / 29
Listing Description
It's a great time to buy in Downtown Manistee! Sitting on one of the most prominent corners in the heart of the historic downtown, this commercial building delivers income today and major upside tomorrow. The main level (approx. 3,458 sf, 14' ceilings) is leased to an established retail tenant for in-place cash flow. The business is NOT for SALE. The upper level (approx. 3,650 sf) is vacant and mostly down to the studs--a blank canvas ready for your multi-unit residential or live/work conversion. A large private parking lot to the West adds rare downtown parking and future development potential. Recent capital improvements include a new roof and updated HVAC, lowering near-term costs for the next owner. With all the recent commercial development transforming Manistee, now is the time to invest, build, or occupy on the sought-after River Street corridor. Ideal for investors, developers, and owner-users alike. Sale of the real estate only. Schedule your private showing today!
Source: SparkMLS
About this home
Located in Manistee in Manistee, this property offers 1-bath, with original construction dating to 1883.
Asking $625,000.
Estimated annual property tax: $8,311, or about $693 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeRetail
Bathrooms1
Lot Size0.24 acres
Year Built1883
Location
CityManistee
MunicipalityCity of Manistee
Zip Code49660
CountyManistee
School DistrictManistee
Construction & Systems
ConstructionStucco, Brick
HeatingForced Air
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
InteriorBroadband
Sale & Financing
Listed6/30/2026
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$9,991
Tax Year2025
State Equalized Value$183,600
Taxable Value$164,833
Assessed Value$164,833
Parcel #51-350-702-13
Source: Public Records
Legal Description
Lengthy Legal on File. 51-350-702-13 plus 51-350-702-09
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Brandon Ball
Dwelling Realty - KW Northern Michigan
Frequently Asked Questions about 401 River Street, Manistee, MI 49660
Which school district serves 401 River Street, Manistee, MI 49660?
Per MLS# 26033295, 401 River Street, Manistee, MI 49660 is in the Manistee boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Manistee directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26033295, this listing accepts Conventional, Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 401 River Street, Manistee, MI 49660?
Per public tax records, annual property taxes for this property are $9,991 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 401 River Street, Manistee, MI 49660 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 401 River Street, Manistee, MI 49660 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 401 River Street, Manistee, MI 49660?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the City of Manistee police department or the Manistee County sheriff's office.
Map
Tax Estimate
$
Annual tax$8,311
Monthly$693
Millage rate45.2668 mills
Municipality: City of Manistee
School district: MANISTEE AREA PUBLIC SCHOOLS
County: Manistee
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
$
Monthly payment$4,746
Principal & interest$4,054
Property taxes$693
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
401 River Street, Manistee, MI 49660
View full property history →
Municipality
Manistee
View all listings →
Get email alerts for new listings near 401 River Street
We'll notify you when something hits the market in Manistee or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.