215 & 217 Arthur St new Save Request In-Person Tour Request Virtual Tour
Manistee,MI 49660
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $109
MLS Listing ID 25040815
Full Baths 9
Year Built 1995
Annual Tax Amount $15,000
Tax Year 2025
Lot Size 1.400 Acres
Property Sub-Type Business
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 restaurant building 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. building 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 Masonoceanamanistee - O
Interior
Heating Forced Air
Cooling Central Air
Inclusions Real Estate, Furniture, Equipment
Exterior
Utilities Available Phone Available,Natural Gas Connected,Electricity Connected,Cable Connected
Waterfront Description Lake
View Y/N No
Roof Type Composition
Building
Structure Type Vinyl Siding
New Construction No
Schools
School District Manistee
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash