MI > Manistee
Manistee, MI 49660,215 & 217 Arthur St
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Manistee, MI 49660,215 & 217 Arthur St
Manistee, MI 49660,215 & 217 Arthur St
Manistee, MI 49660,215 & 217 Arthur St
Manistee, MI 49660,215 & 217 Arthur St
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Good Company Realty

Good Company Realty

+1(248) 733-5811
$ 985,000
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215 & 217 Arthur St Manistee, MI 49660

9,000 SqFt

UPDATED:

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

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Debby Stevenson of Greenridge Realty S Rath
agent

Good Company Realty

+1(248) 733-5811

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