Discover Top Commercial Real Estate for Sale and Lease in Manton, MI: 7 Lucrative Opportunities

Manton, MI Commercial Real Estate for Sale and Lease

Manton’s commercial real estate centers on a charming downtown along Cedar Street, where historic brick storefronts and modern professional suites create a walkable business district. With stable local demand from family-run shops, service providers, and seasonal visitors, plus high-visibility parcels along the US-131 corridor and turnkey light-industrial parks to the west, the market offers diverse opportunities for retailers, offices, and warehouses.

Local incentives—façade grants, tax abatements, and low-interest state financing—combined with recent infrastructure upgrades (water, sewer, broadband, streetscaping) make properties investor-ready. Backed by an active Chamber of Commerce and approachable planning staff, Manton delivers affordable entry points, strong community support, and long-term stability for businesses and investors alike.

Real Estate Statistics

Average Price	$230K
Lowest Price	$210K
Highest Price	$250K
Total Listings	2
Avg. Days On Market	39
Avg. Price/SQFT	$92

Property Types (active listings)

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$250,000

110 W Main Street, Manton

0 Beds 0 Baths 4,216 SqFt Commercial MLS® # 1937730

$210,000

516 N Michigan Avenue, Manton

0 Beds 1 Bath 1,680 SqFt Commercial MLS® # 1932517

Manton, MI Commercial Real Estate for Sale and Lease: Unlock 7 Lucrative Opportunities

Explore prime properties in Manton, MI, from retail and office spaces to industrial and land investments.

Introduction

Manton, MI Commercial Real Estate for Sale and Lease offers a prime mix of small-town charm and big-city investment potential. Tucked away in Northern Michigan’s scenic beauty, Manton’s commercial market has seen steady growth, driven by a diverse local economy and strategic infrastructure upgrades. From historic downtown storefronts to modern industrial parks along US-131, opportunities abound for both investors and business owners.

In this guide, we’ll dive into the market overview, property types, investment strategies, and the step-by-step process for buying or leasing—so you can confidently tap into Manton’s thriving northern Michigan commercial real estate scene.

Exploring the Manton, MI Commercial Real Estate Market Overview

Manton, MI Commercial Real Estate for Sale and Lease is underpinned by a stable population base of roughly 1,750 residents (up about 10% since 2020) and a median household income near $50,000. The town’s unemployment rate, typically below Michigan’s state average of 4.2%, reflects steady job creation across manufacturing, retail, and services. Seasonal tourism around Deer Lake and nearby parks further bolsters demand for hospitality-oriented properties.

Key market metrics:

• Vacancy Rate: Approximately 4% for commercial spaces.

• Average Cap Rate: 6–8%, varying by property type.

• Median Lease Rate: $8–$14 per sq ft, triple net on industrial, modified gross on retail/office.

Economic and Demographic Landscape

A mix of family-owned businesses, light manufacturing, and professional services drives Manton’s economy. Recent broadband upgrades attract remote workers and small firms, while local incentives—like tax abatements and MEDC grants—spur renovation and new construction.

Key Business Districts and Zones

• Downtown Core: Historic storefronts along Cedar Street and US-131. Ideal for boutique retail, cafés, and professional suites—benefiting from foot traffic and community events.

• Industrial Park: West of town, zoned for light manufacturing and warehousing. Buildings range 5,000–20,000 sq ft with clear heights of 18–24 ft.

• US-131 Corridor: High-visibility parcels for auto services, big-box retail, and mixed-use developments. Land parcels span 1–10+ acres.

Top Commercial Property Types in Manton, MI

Investors have four core asset classes to consider, each with distinct yields and tenant profiles.

Retail Spaces and Shopping Centers

• Size: 1,200–2,500 sq ft storefronts; 4–8-unit strip centers.

• Lease Rates: $10–$12 per sq ft modified gross.

• Demand Drivers: Local necessities (grocers, pharmacies), highway traffic, seasonal tourism.

Office Buildings and Professional Suites

• Formats: Converted historic buildings downtown, newer office parks near US-131.

• Lease Rates: $12–$14 per sq ft full service.

• Typical Tenants: Clinics, law firms, remote-work hubs.

Industrial and Warehouse Facilities

• Features: Truck docks, loading bays, rail access nearby.

• Lease Rates: $6–$8 per sq ft triple net.

• Sale Prices: $50–$70 per sq ft for owner-user acquisition.

Mixed-Use and Land Development

• Parcels: 1–10+ acre sites along US-131.

• Zoning: Flexible for retail, office, multifamily.

• Land Prices: Up to $45,000 per acre for shovel-ready lots.

Investment Opportunities and ROI Potential

Identifying the right strategy—lease versus purchase, financing sources, and exit planning—can maximize returns.

Lease vs. Purchase Comparisons

Financing Options and Incentives

• Local Lenders: 5–6% interest rates, 20-year amortizations.

• MEDC Programs: Low-interest loans, historic preservation grants.

• Tax Abatements: Up to 10 years for qualifying renovations.

Future Growth and Expansion Plans

Ongoing investments in streetscape improvements, water/sewer upgrades, and a planned 100-acre business park signal continued upward momentum. A new 50-unit senior living center set to break ground in late 2025 further diversifies the tenant base.

Navigating the Sale and Lease Process in Manton, MI

A structured approach—from broker selection to closing—ensures a seamless transaction.

Finding the Right Brokerage and Listings

Choose brokers with:

• Deep local market knowledge

• Proven commercial track record

• Strong lender and tenant networks

Negotiation Strategies and Contract Essentials

• Term Length: 5–10 years with renewal options.

• TI Allowances: Clearly define landlord contributions.

• Subletting Rights: Build in assignment flexibility.

Key contract elements include rent escalations, maintenance responsibilities, and default remedies.

Due Diligence and Closing Checklist

1. Zoning verification

2. Phase I Environmental Assessment

3. Survey & title review

4. Financial audit (rent roll, tax history)

5. Closing coordination (funding, document recording)

FAQs About Manton, MI Commercial Real Estate for Sale and Lease

1. What cap rates can I expect?
   A. 6–8%, depending on location and lease structure.

2. Are there renovation incentives?
   A. Yes—historic grants and tax abatements via MEDC.

3. How do I access off-market deals?
   A. Network with local brokers and join Chamber events.

4. What is a typical retail lease term?
   A. 5–10 years with tenant-friendly renewal clauses.

5. Can out-of-state investors participate?
   A. Absolutely—just comply with federal and state regulations.

6. What is the typical closing timeframe?
   A. 60–90 days, depending on financing and due diligence.

Conclusion: Seize Commercial Real Estate Opportunities in Manton, MI

Manton, MI Commercial Real Estate for Sale and Lease represents a dynamic blend of affordability, growth potential, and small-town character. Whether you’re targeting retail storefronts downtown, professional offices, industrial warehouses, or mixed-use developments, Manton’s market fundamentals and community-driven expansion create a fertile landscape for savvy investors and business owners. By leveraging local incentives, partnering with experienced brokers, and adhering to a diligent due diligence process, you can unlock at least seven lucrative opportunities and secure long-term success in this thriving Northern Michigan town.

Continue your Northern Michigan commercial real estate search in the communities below or contact Brook Walsh to help you with your search.