4 months on rocket

127 Walnut St, Manistique, MI, 49854

$298,000

Home List Price

$3,539*

Closing Credit

3 Bedrooms
1 Full Bath, 2 Partial
4,034 SqFt
$74/SqFt
House

Location

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127 Walnut St, Manistique$298,000

Buyer Closing Credits

$3,539*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1890
HeatingElectric, Natural Gas, Steam
CoolingCeiling Fan(s)
BasementYes
MLS #50147182
Lot Size0.03 Acres
StatusActive

About 127 Walnut St

Discover an exceptional business opportunity in the heart of Manistique, Michigan! This property features Marley's Bar & Grill, a local landmark established in 1890, boasting original tin ceilings and an antique bar on the ground floor. Additionally, the upper level has been converted into a spacious Airbnb rental, offering three bedrooms, a full kitchen, and a bathroom, ideal for accommodating travelers exploring Michigan's Upper Peninsula. Situated in downtown Manistique with convenient access to US-2, this property enjoys proximity to shops, festivals, and Lake Michigan's scenic boardwalk, promising year-round patronage. With two operational businesses in one central location, seize the chance for double income potential today! *Land Contract will be considered with a minimum $100K down payment.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Stories: 2
  • Living Area: 4,034 SqFt

Listing Office:

  • Office Name: RE/MAX First
  • Office Phone: (586) 792-8000
  • Listing Agent: John Zangara

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Dishwasher, Freezer, Microwave, Range, Oven, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Sidewalks

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Electric, Natural Gas, Steam
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Manistique Middle and High School, Public District Grades 6-12
  • Emerald Elementary School, Public District Grades PK-5

School District Information:

  • School District: Manistique Area Schools

Price Information

Listing Price Info

Price Summary:

  • List Price: $298,000
  • Price Per SqFt: $74/SqFt
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Housing Market Comparison

See how this home compares to others in Manistique, MI.

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Manistique, MI

City

Med. Sold Price

$220K

Med. Price/SqFt

$182

Avg. Days On Market

34

# of Sold Homes

6

127 Walnut St vs Manistique

127 DAYS ON ROCKET

+93 Days

$298,000

+$78K More

$74/SqFt

-$108 Less

KEY TAKEAWAY

This property is $78K more than the Median Sold Price and $108/SqFt less than other homes in Manistique, MI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: MiRealSource
  • MLS Number: #50147182

Listing Office:

  • Office Name: RE/MAX First
  • Office Phone: (586) 792-8000
  • Listing Agent: John Zangara

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 3:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2102362
3
/10

  • Emerald Elementary School

  • 628 Oak St

  • 0.49 miles

  • Public District Grades PK-5

High School

school-card-donut-2102363
7
/10

  • Manistique Middle and High School

  • 100 N Cedar St

  • 0.17 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,806. Typical income of Manistique, MI residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 127 Walnut St

What is the listing price of this property?

The listing price of 127 Walnut St property is $298,000.

What type of property is this?

The property 127 Walnut St is a house located in Manistique, Michigan, 49854.

Is this property for sale now?

Active Listing: 127 Walnut St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 127 Walnut St are:
Emerald Elementary School: GreatSchools Rating 3/10
Manistique Middle and High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 127 Walnut St has 3 bedrooms and 1 full and 2 half bathrooms.

What is the square footage of this property?

The property 127 Walnut St is 4,034 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 127 Walnut St is 1890.

Rocket Homes›Michigan›Schoolcraft County›Manistique›49854›127 Walnut St

This home is located at 127 Walnut St in Manistique, MI and zip code 49854. This 4,034 square foot home, which was built in 1890, sits on a 0.03 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 01, 2024 and is currently priced at $298,000.

Over 1 listings were sold over their listed price in October 2024 in Manistique, MI. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Manistique, MI increased by 5.4% between September 2024 and October 2024. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $220,000.

From Rocket Homes Real Estate and based on county public records data.

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