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Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 974,900

Est. payment -/mo

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15279 S US Highway 23 S Presque Isle, MI 49777

1 Bath

3,879 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 3,879 sqft

Price per Sqft $251

Municipality Krakow Twp

MLS Listing ID 25030441

Full Baths 1

Year Built 1960

Annual Tax Amount $999

Tax Year 2024

Lot Size 0.800 Acres

Acres 0.8

Lot Dimensions Irregular

Property Sub-Type Business

Property Description

This rare waterfront property on Grand Lake in Presque Isle, Michigan, offers a unique opportunity to acquire a well-established marina with a strong reputation for boat rentals, shrink wrapping, and dock sales, along with a transferable dock distributorship (upon approval). The property boasts 198 feet of lake frontage, a sizable shop, and a marina store ideally positioned next to a large public park, providing potential for expansion into additional income streams like ice cream or coffee. Currently operated as a sole proprietorship, the business already generates attractive income with a solid CAP rate, and with the right vision and team, there's significant potential for growth and increased profitability. Seller will welcome seller financing with a substantial down payment and will also provide training and guidance to help with a successful start-up to continue the success of the Marina. The property could be an owner-occupied property with a few upgrades to the current structure or host a temporary structure for housing. also provide training and guidance to help with a successful start-up to continue the success of the Marina. The property could be an owner-occupied property with a few upgrades to the current structure or host a temporary structure for housing.

Location

State MI

County Presque Isle

Area Outside Michric Area - Z

Direction US 23

Body of Water Grand Lake

Interior

Heating Baseboard

Cooling Central Air, Window Unit(s)

Inclusions Equipment

Exterior

Utilities Available Electricity Available, Cable Connected

Waterfront Description Lake

View Y/N No

Roof Type Composition

Street Surface Paved

Building

Foundation Concrete Perimeter

Sewer Septic Tank

Water Well

Structure Type Wood Siding,Metal Siding

New Construction No

Schools

School District Presque Isle

Others

Tax ID 061-027-000-009-00

Ownership Proprietorship

Acceptable Financing Contract, Cash

Listing Terms Contract, Cash

Listed by EXP Realty LLC