214 Arthur Street
Manistee, MI 49660

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Description

High-visibility mixed-use triplex located in Manistee's North Business District, offering a strong blend of commercial exposure and residential income. This 1,944 sq. ft. property features a street-level commercial storefront currently leased to the well-established ''Best in Show'' pet grooming business at $900 per month, with the lease negotiable upon sale. The middle and rear residential units include a studio apartment rented at $875 per month and a one-bedroom apartment rented at $825 per month, with all units currently occupied and a solid rental history. The deep parcel includes paved rear parking, a fenced side yard, on-site washer and dryer, and separate residential entrances. Conveniently located near Lake Michigan, the public boat launch, and downtown Manistee, with excellent visibility and accessibility. The property is located within the Marihuana Sales Overlay, making it one of the limited properties eligible for cannabis-related licensing, buyer to verify.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Manistee County
• Zip Code: 49660
• Year Built: 1940
• School District: Manistee
• Units: 3 units
• Basement: Crawl Space, Partial, Slab
• # of Parking Spaces: 12
• Lot Size: 16379 sq ft lot
• Accessibility: Accessible Entrance
• Waterfront: Lake Front
• Basement Type: No
• Construction Materials: Block
• Cross Street: US-31
• Driveway: Asphalt
• Heat Source: Natural Gas
• Heat Type: Radiant
• Heating: Radiant
• Lot Size Area: 0.38
• Lot Size Square Feet: 16380
• Lot Size Units: Acres
• MLS Area Major: MasonOceanaManistee - O
• MLS Area Minor: MasonOceanaManistee - O
• Main Type: Multi Family
• Number Of Buildings: 2112
• Number Of Diff Unit Floor Plans: 3
• Owner Pays: Electricity, Gas, Sewer, Water
• Ownership: Broker/Agent Owned
• Parcel Number: 51-51-174-708-05
• Parking Features: Asphalt
• Possession: Subject To Tenant Rights
• Road Frontage: 110
• Roof: Rubber
• SEV: 95000
• Sewer: Public Sewer
• Spec Assessment Ty: None Known
• Statewide Lakes Rivers: Manistee Lake
• Street Type: Public
• Tax Annual Amount: 5670
• Tax Legal Description: S C THOMPSONS ADDITION PT LOT H COM ON W LN OF ARTHUR STREET 110 FT S OF NE COR S 85DEG W 325 FT, S 36DEG E 120.33 FT, N 82DEG 33MIN E 272 FT, NLY TO POB LOT H _____P.ADDR: 214 ARTHUR ST
• Tax Year: 2025
• Terms Available: Cash, Conventional
• Township: City of Manistee
• Util Availat Street: High Speed Internet
• Utilities: Natural Gas Connected, Electricity Connected
• Water Body Name: Manistee Lake
• Water Source: Public Water
• Zoning Description: Commercial