About 215 & 217 Arthur St
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.
Features of 215 & 217 Arthur St
| MLS® # | 67025040815 |
|---|---|
| Price | $985,000 |
| Bathrooms | 9.00 |
| Acres | 1.40 |
| Year Built | 1995 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 215 & 217 Arthur St |
|---|---|
| Area | 51092 - Manistee |
| City | Manistee city |
| County | Manistee |
| State | Michigan |
| Zip Code | 49660 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available |
|---|---|
| Parking | Concrete |
| Is Waterfront | Yes |
| Waterfront | All Sports Lake, Dock Facilities, Lake Front, Private Water Frontage, Water Access/Rights |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Construction | Frame, Vinyl Siding, Wood Siding |
|---|---|
| Foundation | Basement |
School Information
| District | Manistee |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Greenridge Realty S Rath |
|---|---|
| Contact Info | deb@debstevenson.com |