$985,000
Manistee, MI 49660
MLS# 25040815
9000 sqft
1 / 45
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
Details
Maps
Documents
Location Property Info
County: Manistee
Street #: 215 & 217
Street Name: Arthur St
State: MI
Zip Code: 49660
OfficeContract Info
Status: Active
Current Price: $985,000
List Price: $985,000
Listing Date: 2025-08-12
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
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 130
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
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
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.
Seller's Disclosure 
Floor Plans 
Listing Office: Greenridge Realty S Rath
Listing Agent: Debby Stevenson
Last Updated: February - 26 - 2026
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