520 Water Street $1,800,000

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    520 Water Street Manistee, MI 49660

    • 6,268 sq. ft.
    • 1.06 Acres
    • Commercial
    • MLS# 24056329
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    Views: 9 Days On Site: 27

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    Property Details

    Here is an opportunity to own a piece of history with the first Motel in Manistee built in 1950 on the Manistee River Channel. This amazing piece of property has approximately 350 feet of frontage on the Riverwalk and 16-30 ft boat slip marina all leading to Lake Michigan with room to expand to 24 slips. All 20 of the rooms have been tastefully updated and the living quarters is currently being renovated. (please see attached updates) This outstanding location is perfectly positioned between downtown Manistee and the shores of Lake Michigan, offering the best of both worlds. Whether enjoying the charm of the historic downtown area or the natural beauty of the lake, residents and visitors can easily access both within minutes.

    • General Features
      • Year Built 1950
      • New Construction Y/N false
      • Business Type Other
      • County Or Parish Manistee
      • Property Sub Type Business
      • Tax Annual Amount 27450.0
    • Building Features
      • Cooling Central Air
      • Cooling Y/N true
      • Foundation Details Slab
      • Construction Materials Brick
      • Building Area Total 6268.0
      • Roof Composition
      • Number Of Units Total 20
      • Heating Y/N true
      • Heating Baseboard
      • Full Bathrooms 21
      • Bathrooms 21
    • Property Features
      • Lot Size Acres 1.06
      • Lot Size Area 1.06
      • Number Of Buildings 1
      • Water Body Name Manistee River
      • Utilities Cable Connected
      • Water Source Public
      • Waterfront Y/N true
      • Waterfront Features Channel
    • Schools
      • High School District Manistee

    Neighborhood

    49660 (Manistee) Demographics

    50 Median Age
    73 Population Density (per sq. mile)
    33% College Educated
    $52,655 Estimated Median Income
    4,573 Estimated Total Home Owners
    1,057 Estimated Total Renters
    81% / 19% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    14,295 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $270,000 Median Sales Price
    41 Homes Sold
    39 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,800,000
        11/14/2024 7:14:12 AM Status Changed Source: Multiple Listing Service New Value: Active
        11/14/2024 6:44:10 AM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        10/25/2024 2:15:00 PM New in Database Source: Multiple Listing Service New Value: $1,800,000

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        Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 11/20/2024 8:44:43 PM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.