215 & 217 Arthur St Active Save Request In-Person Tour Request Virtual Tour
Manistee,MI 49660
Key Details
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $109
MLS Listing ID 67025040815
Year Built 1995
Annual Tax Amount $15,000
Lot Size 1.400 Acres
Acres 1.4
Lot Dimensions 262 x 138 x irr
Property Sub-Type Business And Real Estate
Source Mason Oceana Manistee Board of REALTORS®
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 Manistee
Body of Water Manistee Lake
Interior
Heating Forced Air,Central Air
Heat Source Natural Gas
Exterior
Waterfront Description Lake Front,Private Water Frontage,Lake/River Priv
Roof Type Composition
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Vinyl,Wood
Schools
School District Manistee
Others
Tax ID Multiple
Ownership Private Owned
Acceptable Financing Cash,Conventional
Rebuilt Year 2004
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings