$229,000
$16K PRICE DROP

214 Arthur St Manistee, MI 49660

Estimated payment $1,703/month

Total Views 11,527
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Water Views
  • High Speed Internet
  • 1-minute walk to Arthur Street Waterfront
  • 2,112 Fireplaces
  • Heating System Uses Natural Gas

About This Home

High-Visibility Investment Opportunity! This 1,944 sq. ft. versatile triplex in Manistee's North Business District features a storefront currently leased to the successful ''Best in Show'' pet grooming business (negotiable with sale), plus two updated residential units—one studio and one 1-bedroom—each rented at $850/month for a total of $2,550 in gross monthly rental income. Property includes a fenced side yard, washer/dryer, deep parcel with paved rear parking, and strong vacation rental potential near Lake Michigan and public boat launch. Cannabis license eligible as property is 1 of few located in the ''Marihuana Sales Overlay''. Prime commercial/residential mix—schedule your showing today!

Listing Agent

Therran Ferguson

Essential Real Estate License #6502429562 Listed on: 06/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,578

Year Built

  • Built in 1940

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 91' x 325'

Home Design

  • Slab Foundation
  • Rubber Roof

Interior Spaces

  • 2,112 Fireplaces
  • Water Views

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 12 Parking Spaces
  • Driveway

Accessible Home Design

  • Stepless Entry

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Connected
  • High Speed Internet

Community Details

  • 2,112 Buildings
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,578

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 91' X 325'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: Commercial
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 2112.0
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Slab: Yes
  • Substructure:Crawl Space: Yes
  • Accessibility Feat:No Step Entrance: Yes
  • Roofing:Rubber: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: No Step Entrance
  • Fireplaces: 2112
  • Basement: Crawl Space, Partial, Slab
  • Basement: No

Exterior Features

  • Construction Materials: Block
  • List Price: 229000.0
  • Number of Buildings: 2112
  • Roof: Rubber
  • Water Body Name: Manistee Lake
  • Waterfront Features: Lake
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 12.0
  • General Property Info:Total Parking Spaces: 12.0

Utilities

  • Heating: Radiant
  • Heating: Yes
  • Utilities: Natural Gas Connected, Electricity Connected

Association/Amenities

  • Water Fea Amenities:Public Access 1 Mile or Less: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Dimensions: 91' X 325'
  • Lot Size Sq Ft: 16380.0
  • Zoning Description: Commercial

Rental Info

  • Owner Pays: Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 5578.0
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,500 $95,000 $0 $0
2024 $3,096 $87,900 $0 $0
2023 $3,410 $95,800 $0 $0
2022 $3,937 $155,900 $0 $155,900
2021 $3,828 $152,300 $27,600 $124,700
2020 $3,621 $106,300 $27,600 $78,700
2019 $3,574 $59,900 $27,600 $32,300
2018 $3,521 $58,800 $58,800 $0
2017 $3,832 $64,000 $64,000 $0
2016 $2,325 $64,300 $64,300 $0
2015 -- $65,100 $65,100 $0
2014 -- $66,300 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2025 09/01/25 Price Changed $229,000 -3.4% --
08/24/2025 08/24/25 Price Changed $237,000 -5.2% --
08/22/2025 08/22/25 Price Changed $250,000 +6.4% --
08/07/2025 08/07/25 Price Changed $235,000 +2.6% --
07/22/2025 07/22/25 Price Changed $229,000 -2.6% --
07/07/2025 07/07/25 Price Changed $235,000 -3.1% --
06/17/2025 06/17/25 Price Changed $242,500 -1.0% --
06/09/2025 06/09/25 For Sale $245,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $190,000 --
Grant Deed $105,000 --
Warranty Deed $130,000 --
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25027336

Southwestern Michigan Association of REALTORS®

APN: 51-174-708-05