86 Washington Street, Manistee

$3,200,000

0 Beds
0 Baths
21,000 Sqft
.64 Acres
0 Garages

This 21,000 SF multi-use, commercial building is located on a corner in the heart of downtown Manistee, and represents a fantastic investment opportunity. Steps from the riverfront, this fully-renovated, historical building is home to the highly successful North Channel Brewing Company on the main level, which is operating on a long-term personally guaranteed lease. Ten, loft-style apartments with additional grey box space make up the second and third levels. The 7,800 SF main level contains the brewing facilities and lab, restaurant/bar area with outside seating, office, freezer/cooler and storage space. The second floor accommodates five apartments totaling 5,000 SF along with a 3,000 SF grey box area, and the 5,000 SF third floor contains five additional apartments.Built in 1910 and renovated in 2018, this building's historical architecture has been artfully maintained both inside and out showcasing exposed beams, rustic brick walls, large windows and original hardwood floors. Ample on-site, street and public parking are available. Property has also been awarded an OPRA Tax Abatement and Brownfield TIF that are transferable with sale. Members of owner LLC are licensed realtors.

Essential Information
MLS® #19002267
Price$3,200,000
Bathrooms0.00
Full Baths12
Square Footage21,000
Acres0.64
Year Built1910
TypeCommercial
Sub-TypeRetail/Commercial
StatusActive
Community Information
Address86 Washington Street
AreaO80
SubdivisionManistee
CityManistee
CountyManistee
StateMI
Zip Code49660
Amenities

All Sports, Channel, Public Access, View

Features

BarrierFree Features, Fire/Sprinkler, Multi User Facility, Security System

Interior
HeatingForced Air
CoolingCentral
# of Fireplaces1
# of Stories3
BasementNone
Exterior
ExteriorBrick/Stone, Stone
Lot Description212x137 irregular parcels
RoofRubber
ConstructionFrame/Wood
School Information
DistrictManistee
Elementary212x137 irregular parcels
MiddleLong legal on file.
Additional Information
ZoningCentral Busines
Utilities Attached

Cable, Electric, Natural Gas, Telephone

Financial Details
Annual Property Tax$40,062
Auction or For SaleFor Sale
Tax Year2019
Sale ConditionsNone
SEV781900.00
Spec Assessment & TypeNone known
Tax ID #515121110000
Taxable Value678071.00
Terms AvailableCash, Cash/Conventional
Listing Details
Listing AgentJohn D Groothuis
Listing OfficeCapstone Real Estate LLC
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Listing information last updated on May 15th, 2021 at 12:30am EDT.