$985,000

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 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 DisclosureView
• Lead Based Paint - All unitsView
• Utility InformationView
• Legal DescriptionView
• Floor PlansView
• floor plan 2View
• onXhunt Aerial, RestaurantView
• onXhunt Aerial, UnitsView
• All DocumentsView
• Waterfront District Zoning OrdinanceView
• Zoning Map - ZoomView

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1. RelistedAug 13, 2025

   $985,000