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Presque Isle,MI 49777
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