215 & 217 Arthur St Active Save Request In-Person Tour Request Virtual Tour
Manistee,MI 49660
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $109
MLS Listing ID 67025040815
Year Built 1995
Lot Size 1 Sqft
Property Sub-Type BusinessandRealEstate
Property Description
Water frontage and Highway frontage - Little Riverside Motel & Marina plus a restaurant. Don't miss this opportunity!! This premier commercial property offers a unique blend of income-generating potential and development opportunity. Currently configured with long-term rental units, the complex provides a steady and strong income stream. Can be used as nightly and weekly rental also. The property features approximately 130 feet of frontage along Manistee Lake, complete with 8 boat slips, offering exceptional recreational appeal and access to fishing and boating via Lake Michigan through the Manistee River Channel.Situated on the high-traffic US-31 corridor, the property benefits from excellent visibility and market exposure. Complementing this is a commercial restaurantbuilding equipped with kitchen equipment, walk in coolers and plenty seating that has been recently leased to a new business set to open in September 2025, creating additional cash flow.
The site offers significant flexibility for future development, including condo resales, a vacation lakefront resort, or other innovative uses. The 8 units are individually deeded condominiums, each with separate tax ID numbers, presenting a potential opportunity for a new investor to sell them independently.
With ongoing growth and transformation in Manistee, this property stands out as a highly desirable opportunity for investors seeking a versatile asset with both immediate income and long-term development potential in a prime lakeside location.
Location
State MI
County Manistee
Area Area51092Manistee
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Exterior
Parking Features Concrete
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable
Waterfront Description AllSportsLake, DockFacilities, LakeFront, PrivateWaterFrontage, WaterAccessRights
View Y/N Yes
View Water
Roof Type Composition
Building
Foundation Basement
Sewer PublicSewer
Water Public
Schools
School District Manistee
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard