215 & 217 Arthur St Manistee, MI 49660
9 Baths
9,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $109
Municipality City of Manistee
MLS Listing ID 25040815
Full Baths 9
Year Built 1995
Annual Tax Amount $15,000
Tax Year 2025
Lot Size 1.400 Acres
Acres 1.4
Lot Dimensions 262 x 138 x irr
Property Sub-Type Business
Source Michigan Regional Information Center (MichRIC)
Property Description
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. 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.
Location
State MI
County Manistee
Area Masonoceanamanistee - O
Body of Water Manistee Lake
Interior
Interior Features Broadband
Heating Forced Air
Cooling Central Air
Inclusions Real Estate, Furniture, Equipment
Exterior
Utilities Available Phone Available, Natural Gas Connected, Electricity Connected, Cable Connected
Waterfront Description Lake
View Y/N No
Roof Type Composition
Street Surface Paved
Building
Structure Type Vinyl Siding
New Construction No
Schools
School District Manistee
Others
Tax ID Multiple
Ownership LLC
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash