Riverside Motel and
For Sale
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520 Water St, Manistee, MI 49660
Riverside Motel with 20 rooms and a private marina on the Manistee River with turn-key condition.
Property Size5,495 SF
Price / SF$345.77
Days on Market176
Property Features for 520 Water St
General Information
Standard status
Active
Size
5,495 SF
Class
B
Property subtype
Hospitality, Special Purpose
Occupancy
90%
Investment Type
Stabilized
Net Operating Income
$252,000
Additional Details
Business Included
Yes
Building Details
Year Built
1950
Year Renovated
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
JDS Real Estate Services, Inc.
Listed By:
Jennifer Stein · License #OK 159684
(213) 446-5366
Source:
Crexi
Added: May 1
Changed: Oct 23
Last Checked: Oct 23 at 6:15AM
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 JDS Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
The Riverside Motel-Marina offers 20 motel rooms and a private marina located on the Manistee River. The marina is part of the “Riverwalk,” a 1.75-mile walk along the marina featuring historic markers. The marina also supports fishing boat charters and Casino Shuttle.
The property is situated on the river with the motel and marina together as a single hospitality-oriented operation. It is described as being in great condition with no repairs or upgrades needed, positioned as a turn-key operation.
For sale as an owner-operator or absentee ownership setup, the offering combines guest lodging with marina amenities under one roofline at 520 Water St, Manistee, MI.
The property is situated on the river with the motel and marina together as a single hospitality-oriented operation. It is described as being in great condition with no repairs or upgrades needed, positioned as a turn-key operation.
For sale as an owner-operator or absentee ownership setup, the offering combines guest lodging with marina amenities under one roofline at 520 Water St, Manistee, MI.
Key Highlights
- Riverside Motel on the Manistee River with 20 rooms
- Includes a private marina on the Manistee River
- Marina access connects to the "Riverwalk" 1.75‑mile walk with historic markers
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Motel - Riverside Motel with 20 rooms and a private marina on the Manistee River with turn-key condition.
Where is this motel located?
The property is located at 520 Water St Manistee, MI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Riverside Motel on the Manistee River with 20 rooms; Includes a private marina on the Manistee River; Marina access connects to the "Riverwalk" 1.75‑mile walk with historic markers
