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Waterfront Motel and Marina
For Sale
$985,000

215 217 Arthur St, Manistee, MI 49660

Motel and marina with long-term rental units, a restaurant, and lake frontage with eight boat slips.

Property Size9,000 SF
Price / SF$109.44
Days on Market364

Property Features for 215 217 Arthur St

General Information

Standard status Active
Size 9,000 SF
Property subtype Business Opportunities

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Business Included Yes

Amenities

3
Composition
262138

Building Details

Year Built 1995
Listing Agency: Greenridge Realty S Rath
Listed By: Debby Stevenson · License #6502347161
Source: Xome
Added: Aug 11, 2025 Changed: Aug 8 Last Checked: Aug 9 at 5:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenridge Realty S Rath

Investment Insights

Based on property information with market context.

Water frontage and highway frontage support this Little Riverside Motel & Marina plus an on-site restaurant. The property is currently configured with long-term rental units, with the ability to operate as nightly and weekly rentals. Improvements include approximately 130 feet of frontage along Manistee Lake, complemented by 8 boat slips for on-water access.

Located on the US-31 corridor in Manistee, Michigan, the site provides highway frontage and visibility. The lake offers recreational access to fishing and boating via the Manistee River Channel and Lake Michigan.

The combined motel, marina, and restaurant setup provides an income-producing hospitality configuration with both lodging flexibility and direct boating amenities.

Key Highlights

  • Motel and marina complex with restaurant plus long‑term rental units
  • Approx. 130 ft of frontage on Manistee Lake with 8 boat slips
  • Access to Lake Michigan for fishing and boating via the Manistee River Channel

Property Analytics

Current Use

Motels

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Law Firm HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

214
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 53% Shops & Services 47%
Grand Rental Station Shops & Services
739 visits/mo 0.1 miles
Super 8, Manistee Hotels & Casinos
472 visits/mo 0.3 miles
Econo Lodge Hotels & Casinos
347 visits/mo 0.2 miles

Demographics for 49660, MI

14,134
Population
7,744
Households
1.8
Avg Household Size
49
Median Age
24%
College-Educated
90%
High-School Grad
171.4 sq mi
ZIP Area
82
Density / Sq Mi
$62,211
Median Household Income
$35,772
Median Earnings
$787
Median Rent
$170,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Super 8 by Wyndham Manistee 220 Arthur St, Manistee, MI 49660
  • Little Riverside Motel & Marina 217 Arthur St, Manistee, MI 49660
  • Manistee Hotel 200 Arthur St, Manistee, MI 49660
  • A Storage Inn 74 Arthur St, Manistee, MI 49660

Frequently Asked Questions

What type of property is this?
Motel - Motel and marina with long-term rental units, a restaurant, and lake frontage with eight boat slips.
Where is this motel located?
The property is located at 215 217 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: Motel and marina complex with restaurant plus long‑term rental units; Approx. 130 ft of frontage on Manistee Lake with 8 boat slips; Access to Lake Michigan for fishing and boating via the Manistee River Channel
More about this property
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