215 & 217 Arthur St, Manistee, MI 49660
215 & 217 Arthur St, Manistee, MI 49660
215 & 217 Arthur St, Manistee, MI 49660
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$985,000
Est. payment /mo
9 Baths
9,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $109

Municipality City of Manistee

MLS Listing ID 25040815

Full Baths 9

Year Built 1995

Annual Tax Amount $21,796

Tax Year 2025

Lot Size 1.400 Acres

Acres 1.4

Lot Dimensions 262 x 138 x irr

Property Sub-Type Business

Source Michigan Regional Information Center (MichRIC)

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

Body of Water Manistee Lake

Interior

Interior Features Broadband

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

Street Surface Paved

Building

Structure Type Vinyl Siding

New Construction No

Schools

School District Manistee

Others

Tax ID Multiple

Ownership LLC

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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Listed by Greenridge Realty S Rath

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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