215 & 217 Arthur St, Manistee, MI 49660 (MLS# 25040815)
215 & 217 Arthur St, Manistee, MI 49660
$985,000
Property Type:
Commercial Sale
Square Footage:
9,000
Lot Size (sq. ft.):
60,984
Status:
Active
Current Price:
$985,000
List Date:
8/13/2025
Last Modified:
11/11/2025
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
Supplements: 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.
More Information MLS# 25040815
Location & Property Info
Cross Streets: Lakeshore Rd
Property Sub-Type: Business Opportunity
Municipality: City of Manistee
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 109.44
Prop Avail for Lease?: No
Current Bldg Use: condos and restaurant
General Property Info
New Construction: No
Lot Dimensions: 262 x 138 x irr
Road Frontage: 262
Mineral Rights: Unknown
Waterfront: Yes
Year Remodeled: 2004
Body of Water: Manistee Lake
Total # Units: 9
Total # Bldgs: 2
# Fin Bldg Lvls: 2
Total SqFt: 9000
Property Use Type: Business
Statewide Lakes & Rivers: Manistee Lake
School District: Manistee
Lot Measurement: Acres
Lot Acres: 1.4
Lot Square Footage: 60984
Year Built: 1995
Full Baths: 9
Tax Info
Taxable Value: 349000
SEV: 528000
For Tax Year: 2025
Seller's Annual Property Tax: 15000
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: 0
Non-Conforming Use: No
Zoning: Waterfront Dist
Tax ID #: Multiple
Remarks & Misc
Public Remarks: 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
Legal: see attached - lengthy legal
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 130
Water Type
Lake: 1
Water Fea. Amenities
All Sports: 1
Dock: 1
Private Frontage: 1
View: 1
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Restaurant: 1
Other: 1
Construction Type
Frame/Wood: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Basement: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Equipment: 1
Furniture: 1
Real Estate: 1
Util Avail at St
High Speed Internet: 1
Phone Available: 1
Tenant Pays All
Electric: 1
Gas: 1
Driveway
Concrete: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Unit 1
Unit Description: 101
Occupied: Yes
Rent $/Month: 985
# Baths: 1
Unit 2
Unit Description: 102
Occupied: Yes
Rent $/Month: 985
# Baths: 1
Unit 3
Unit Description: 103
Occupied: Yes
Rent $/Month: 795
# Baths: 1
Unit 4
Unit Description: 104
Occupied: No
# Baths: 1
Unit 5
Unit Description: 201
Occupied: Yes
Rent $/Month: 895
# Baths: 1
Unit 6
Unit Description: 202
Occupied: Yes
Rent $/Month: 895
# Baths: 1
Unit 7
Unit Description: 203
Occupied: Yes
Rent $/Month: 895
# Baths: 1
Unit 8
Unit Description: 204
Occupied: Yes
Rent $/Month: 895
# Baths: 1
Unit 9
Unit Description: Restaurant
Occupied: Yes
Rent $/Month: 2000
# Baths: 2
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Manistee
Street #: 215 & 217
Street Name: Arthur St
State: MI
Zip Code: 49660
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Active
Current Price: $985,000
List Price: $985,000
Listing Date: 2025-08-12
Property Features
Property Use: Business
Water Type: Lake
Uses: Restaurant; Other
Ownership: LLC
Business Includes: Equipment; Furniture; Real Estate
Construction Type: Frame/Wood
Exterior Material: Vinyl Siding
Roofing: Composition
Below Grade: Basement
Tenant Pays All: Electric; Gas
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at St: High Speed Internet; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: Close Of Escrow; Subject To Tenant Rights
Documents
Seller's Disclosure ›
Floor Plans ›
Listing Office:
Greenridge Realty S Rath
Listing Agent:
Debby Stevenson
Last Updated: November - 11 - 2025
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