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: 2/26/2026

Overview

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 in ... (Read more)

Listing Details MLS# 25040815

Location Property Info

County: Manistee
Street #: 215 & 217
Street Name: Arthur St
State: MI
Zip Code: 49660

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 1.4
Lot Square Footage: 60984
Lot Dimensions: 262 x 138 x irr
Year Built: 1995
Road Frontage: 262
Mineral Rights: Unknown
Year Remodeled: 2004
Total # Units: 9
# Fin Bldg Lvls: 2
Total # Bldgs: 2
Total SqFt: 9000
Property Use Type: Business
Full Baths: 9
Waterfront: Yes
Body of Water: Manistee Lake
School District: Manistee
Statewide Lakes & Rivers: Manistee Lake

Tax Info

Tax ID #: Multiple
Taxable Value: 349000
SEV: 528000
For Tax Year: 2025
Seller's Annual Property Tax: 21796.55
Tax Year: 2025
Non-Conforming Use: No
Zoning: Waterfront Dist
Homestead %: 0
Spec Assessment & Type: No

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 130

Unit 1

Unit Description: 101
Occupied: Yes
Rent $/Month: 985
# Baths: Yes

More Information

Unit 2

Unit Description: 102
Occupied: Yes
Rent $/Month: 985
# Baths: Yes

Unit 3

Unit Description: 103
Occupied: Yes
Rent $/Month: 795
# Baths: Yes

Unit 4

Unit Description: 104
Occupied: No
# Baths: Yes

Unit 5

Unit Description: 201
Occupied: Yes
Rent $/Month: 895
# Baths: Yes

Unit 6

Unit Description: 202
Occupied: Yes
Rent $/Month: 895
# Baths: Yes

Unit 7

Unit Description: 203
Occupied: Yes
Rent $/Month: 895
# Baths: Yes

Unit 8

Unit Description: 204
Occupied: Yes
Rent $/Month: 895
# Baths: Yes

Unit 9

Unit Description: Restaurant
Occupied: Yes
Rent $/Month: 2000
# Baths: 2

Location & Property Info

Cross Streets: Lakeshore Rd
Property Sub-Type: Business Opportunity
Area: MasonOceanaManistee - O
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

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

Water Type

Lake: Yes

Water Fea. Amenities

All Sports: Yes
Dock: Yes
Private Frontage: Yes
View: Yes

Street Type

Paved: Yes
Public: Yes

Property Use

Business: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Restaurant: Yes
Other: Yes

Construction Type

Frame/Wood: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

Basement: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Equipment: Yes
Furniture: Yes
Real Estate: Yes

Util Avail at St

High Speed Internet: Yes
Phone Available: Yes

Tenant Pays All

Electric: Yes
Gas: Yes

Driveway

Concrete: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

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 ›

Lead Based Paint - All units ›

Utility Information ›

Legal Description ›

Floor Plans ›

floor plan 2 ›

onXhunt Aerial, Restaurant ›

onXhunt Aerial, Units ›

All Documents ›

Waterfront District Zoning Ordinance ›

Zoning Map - Zoom ›

Listing Office: Greenridge Realty S Rath

Listing Agent: Debby Stevenson

Last Updated: February - 26 - 2026

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