8 Unit motel with 8 boat slips and a restaurant. Great location between downtown Manistee and the Little River Casino Resort. Property is located on Manistee Lake and is just a short distance to Lake Michigan by boat or car. Each room features a kitchenette with a refrigerator and microwave. Good occupancy. This property has also been set up as a planned unit development to where each unit can be sold individually. Association and related leg work has already been done. Great investment opportunity to either run as a motel or sell off individual units. Restaurant is leased for $1,600/month.
Off market
$185,200
217 Arthur St #1, Manistee, MI 49660
--beds
--baths
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SingleFamily
Built in 2003
-- sqft lot
$185,200 Zestimate®
$--/sqft
$1,999 Estimated rent