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    215 Arthur St Manistee, MI 49660

    For Sale
    $985,000

    COMMERCIAL - Manistee, MI

    Property size:
    9,000 SF
    Lot size:
    1.40 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 215 Arthur St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 6, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 5, Bathroom 8, Bathroom 9, Bathroom 7
    Bathrooms
    9
    APN
    Multiple
    Interior features
    Broadband
    Size
    9,000 SF
    Lot size
    1.40 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1995
    Floors in Building
    2
    Number of units
    9
    Building materials
    Vinyl Siding
    Roof type
    Composition

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Debby Stevenson (231) 510-5727

    Listing date Nov 11, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Motel, Marina, and Restaurant

    This commercial property in Manistee, MI, features water and highway frontage, including the Little Riverside Motel & Marina and a restaurant. The property has income-generating potential and development opportunities. It is currently configured with long-term rental units, which can also be used as nightly and weekly rentals. The property includes approximately 130 feet of frontage on Manistee Lake, along with 8 boat slips, providing recreational appeal and access to Lake Michigan via the Manistee River Channel. Located on the high-traffic US-31 corridor, the property benefits from visibility and market exposure. A commercial restaurant building, equipped with kitchen equipment, walk-in coolers, and seating, has been leased to a new business set to open in September 2025. The site offers flexibility for future development, including condo resales or a vacation lakefront resort. The 8 units are individually deeded condominiums, each with separate tax ID numbers, presenting an opportunity for individual sales. The property is a versatile asset with immediate income and long-term development potential in a lakeside location. The property size is 9000 square feet and the lot size is 1.4 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Ramsdell Inn, Riverside Motel & Marina, Manistee Inn & Marina, Class Act Lodge, The Purple Paintbrush

    Location Insight

    • Map
    • Local Demand
    City
    Manistee
    County
    Manistee
    State
    Michigan
    Longitude
    -86.315956
    Latitude
    44.262339

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    FAQs

    What type of property is this?
    Motel - Commercial property with motel, marina, and restaurant on Manistee Lake.
    Where is this motel located?
    The property is located at 215 Arthur St Manistee, MI.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - 130 feet of frontage on Manistee Lake with **8 boat slips, providing access to Lake Michigan.**; - High-traffic US-31 frontage offers **excellent visibility and market exposure.**; - Commercial restaurant building with kitchen equipment, walk-in coolers and seating, leased to a new business opening in September 2025.
    (231) 510-5727
    Request Owner's contact information
    215 Arthur St Manistee, MI 49660
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    Manistee, MI 49660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Arthur St Manistee, MI 49660
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