435 River Street, Manistee, MI 49660 (MLS# 26040332)

435 River Street, Manistee, MI 49660

New Listing

$475,000

Property Type: Commercial Sale Baths: 5 Square Footage: 6,556 Lot Size (sq. ft.): 3,049 Status: Active

Current Price: $475,000 List Date: 8/04/2026 Last Modified: 8/04/2026

Overview

Description

Great investment property for sale It has 3300 sq ft of retail space currently being used as a successful Upholstery shop. The upstairs 3300 sq ft is 4 apartments, 3 one bedroom apt and 1 two bedroom with an income of $3,200.00 per month. Owner would lease the commercial area to continue his business for a few more years which would increase the total income. All electrical, plumbing, flooring and roof have been updated in the past couple of years. There is also a 3300 sq ft basement for all your storage needs or work shop areas.

Listing Details MLS# 26040332

Location Property Info

County: Manistee
Street #: 435
Street Name: River
Suffix: Street
State: MI
Zip Code: 49660
Zip (4): 1577

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 3049
Lot Dimensions: 24x150
Year Built: 1893
Road Frontage: 24
Mineral Rights: Unknown
Total # Units: 5
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total SqFt: 6556
Property Use Type: Business
Full Baths: 5
Total Baths: 5
Waterfront: No
Body of Water: Manistee River
School District: Manistee
Statewide Lakes & Rivers: Manistee River

Tax Info

Tax ID #: 51-349-705-02
Taxable Value: 122637
SEV: 153200
For Tax Year: 2025
Tax Year: 2025
Spec Assessment & Type: Unknown
Seller's Annual Property Tax: 0
Homestead %: 0

Remarks Misc

Directions: US 31 to River st turn west to property

Waterfront Options

Water Access Y/N: Yes

More Information

Business Opportunity

# Full Time Employees: Yes
Real Estate Value ($): 475000

Unit 1

Unit Description: one bedroom
Occupied: Yes
Rent $/Month: 800
# Baths: Yes
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes

Unit 2

Unit Description: 1 Bedroom
Occupied: Yes
Rent $/Month: 800
# Baths: Yes
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes

Unit 3

Unit Description: 1 Bedroom
Occupied: Yes
Rent $/Month: 800
# Baths: Yes
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes

Unit 4

Unit Description: 2 Bedroom
Occupied: Yes
Rent $/Month: 800
# Baths: Yes
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes

Location & Property Info

Cross Streets: Oak
Property Sub-Type: Retail
Municipality: City of Manistee
Principal Road: Yes

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 72.45
Prop Avail for Lease?: No
Current Bldg Use: Mathewson Upholstery studio

Remarks & Misc

Public Remarks: Great investment property for sale It has 3300 sq ft of retail space currently being used as a successful Upholstery shop. The upstairs 3300 sq ft is 4 apartments, 3 one bedroom apt and 1 two bedroom with an income of $3,200.00 per month. Owner would lease the commercial area to continue his business for a few more years which would increase the total income. All electrical, plumbing, flooring and roof have been updated in the past couple of years. There is also a 3300 sq ft basement for all your storage needs or work shop areas.
Legal: pt of

Water Type

River: Yes

Water Fea. Amenities

All Sports: Yes
View: Yes

Street Type

Paved: Yes
Public: Yes

SqFt Information

Carbon Monoxide Detector(s): Yes
Smoke Detector(s): Yes

Property Use

Business: Yes
Investment: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional Service: Yes
Retail: Yes

Construction Type

Concrete: Yes

Exterior Material

Brick: Yes

Roofing

Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

Other: Yes

Below Grade

Basement: Yes
Full: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Real Estate: Yes

Additional Features

Multi User Facility: Yes

Foundation

Stone: Yes

Util Avail at St

Storm Sewer: Yes

Tenant Pays All

Electric: Yes
Gas: Yes

Driveway

None: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Negotiable: Yes

Property Features

Property Use: Business; Investment SqFt Information: Carbon Monoxide Detector(s); Smoke Detector(s) Water Type: River Uses: Professional Service; Retail Ownership: Other Business Includes: Real Estate Construction Type: Concrete Exterior Material: Brick Roofing: Rubber Foundation: Stone Below Grade: Basement; Full Additional Features: Multi User Facility Tenant Pays All: Electric; Gas Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: None Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Unit 1: Tenant Pays Electric; Tenant Pays Gas Unit 2: Tenant Pays Electric; Tenant Pays Gas Unit 3: Tenant Pays Electric; Tenant Pays Gas Unit 4: Tenant Pays Electric; Tenant Pays Gas Possession: Negotiable

Listing Office: Dwelling Realty - KW Northern Michigan

Listing Agent: Jim Beaudrie

Last Updated: August - 04 - 2026

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