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    Manistee, MI Restaurants for Sale

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    Free Soil, MI Onekama, MI Bear Lake, MI
    Waterfront Motel, Marina, and Restaurant
    $985,000
    9,000 SF

    Waterfront Motel, Marina, and Restaurant

    215 & 217 Arthur St, Manistee, MI 49660

    Commercial property with motel, marina, and restaurant on Manistee Lake.

    • 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.
    • Steady income stream from long‑term rental units, with potential for nightly/weekly rentals.
    • Significant development potential for condo resales, a vacation lakefront resort, or other uses.
    Updated: Aug 12, 2025
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    Based on your search, we've compiled 1 Potential Opportunities for your consideration. Besides 1 Active listings in Manistee, MI, we suggest exploring several alternatives:

    Manistee, MI Restaurants Investment Opportunities Market Analysis

    Explore 1 restaurants for sale in Manistee, MI on our real estate platform. These investment opportunities span a total of 9,000 square feet of properties for sale, with an estimated market value of $985,000.

    Sale prices for restaurant properties in Manistee, MI start at $985,000, averaging $985,000, and reaching up to $985,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Turn key restaurants 2
    Conventional restaurants 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) +1.2%
    Median Household Income $62,211
    College Educated 30.9%

    High-Yield Neighborhoods for Strategic Investment

    Identify Manistee submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49660 $985K

    Taxes & Financing

    Tax Rate (average for all types) 3.88%
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

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