15279 US 23 S - Marinas FOR SALE


Presque Isle, MI 49777
$974,900 USD
616-250-6751
15279 US 23 S, Presque Isle, MI for Sale
$974,900 USD
Marinas - FOR SALE
1/6
null | Request Cap Rate

15279 US 23 S
Presque Isle, MI 49777


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$974,900 USD

PRICE/SF

$251 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,428 SF

ZONING

Commercial

APN/PARCEL ID

061-027-000-009-00

ASK ABOUT THIS PROPERTY

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616-250-6751

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Thomas RumbleeXp CommercialMore Info
616-250-6751

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