USAMIManistee215 & 217 Arthur St
Arthur St Aerial | Image 1
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$985,000

215 & 217 Arthur St, Manistee, MI

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Businessand Real Estate
Levels Business Opportunity
Size -
Garage No
HOA Fees 
Taxes $15,000
Days Active 46
Approx. Age 1995
MLS® Number 67025040815

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number67025040815
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1995
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/CCentral Air
Heating Fuel

Extras

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