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RECENTLY VIEWED
427 Water Street, Manistee, MI 49660
sale
$175,900
|
Business
Courtesy Of Dwelling Realty - KW Northern Michigan
369 River St, Manistee, MI
Nestled just one block off River Street, in the charming and historic city of Manistee, stands a building with timeless appeal and immense potential. This property, steeped in history and boasting an enviable location, presents a rare investment opportunity for those with a vision to transform it into something truly special. Whether you are an experienced investor or a passionate renovator, this building offers a canvas for a multitude of possibilities, from commercial ventures to residential transformations. Stepping inside the building, one is immediately struck by its potential. High ceilings, large windows, and original woodwork are just a few of the features that make this property stand out. This property is just waiting to be loved again! Below is a list of incentives that COULD apply to this property:
Local Incentives/Grants
Brownfield TIF
Housing TIF (Depending on the Number of Units created)
Payment In Lieu of Taxes (PILOT)
Manistee DDA Facade Grant
State Incentives/Grants
Obsolete Property Rehabilitation Act (OPRA)
Commercial Rehabilitation Act
Commercial Redevelopment Act ( Rehabilitation would have to keep property commercial)
Federal/State Historical Tax Credits
MEDC Build MI Community Grant (Depends on the experience of the developer)
MEDC Community Revitalization Program (CRP)
MSHDA Grants (Depends on Project and unit density)
Note that this property does fall outside of Manistee's Opportunity Zone, so no capital gains tax incentive would apply to this property.
Buyer should inquire with the ED Director.
Local Incentives/Grants
Brownfield TIF
Housing TIF (Depending on the Number of Units created)
Payment In Lieu of Taxes (PILOT)
Manistee DDA Facade Grant
State Incentives/Grants
Obsolete Property Rehabilitation Act (OPRA)
Commercial Rehabilitation Act
Commercial Redevelopment Act ( Rehabilitation would have to keep property commercial)
Federal/State Historical Tax Credits
MEDC Build MI Community Grant (Depends on the experience of the developer)
MEDC Community Revitalization Program (CRP)
MSHDA Grants (Depends on Project and unit density)
Note that this property does fall outside of Manistee's Opportunity Zone, so no capital gains tax incentive would apply to this property.
Buyer should inquire with the ED Director.
Read More About This Property
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 1
- Exterior Type: Block
- Exterior Type: Concrete
- Heating System: Radiant
- Legal Description: FILER & TYSON'S ADD. N 50 FT OF LOT 4, EXC E 35 1/2 FT THEREOF, ALSO N'LY .20 FT OF E 15.4 FT OF W 75 FT OF S 72 FT OF
- MLSID: 25000347
- Roof Type: Composition
- Rooms: Bathroom 1
Directions to This Property
427 Water Street, Manistee, MI 49660
Demographic Data for 427 Water Street, Manistee, MI 49660
Average Age
50
Married
53%
Number of Homes
6,298
Homes with Children
22.27%
Occupation Type
Transportation to Work
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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