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Coldwell Banker Town & Country Real Estate

karengillrealestate@gmail.com +1(810) 397-4451

$974,900

Est. payment - /mo

1 Bath

3,879 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,879 sqft

Price per Sqft $251

MLS Listing ID 65025030441

Year Built 1960

Lot Size 0.800 Acres

Acres 0.8

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 willalso 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 Area71131Krakowtwp

Interior

Heating Baseboard, Propane

Cooling Central Air, Window Units

Fireplace No

Exterior

Parking Features Gravel

Utilities Available CableConnected

Waterfront Description AllSportsLake, LakeFront

View Y/N No

Roof Type Composition

Building

Foundation ConcretePerimeter, None

Sewer Septic Tank

Water Well

New Construction No

Schools

School District Alpena

Others

Ownership Proprietorship

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Special Listing Condition Standard

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Listed by Thomas A Rumble of EXP Realty LLC

Nearby School & Business

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Coldwell Banker Town & Country Real Estate

+1(810) 397-4451

Broker | License ID: 308761

Broker License ID: 308761

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15279 US-23 S Krakow Twp, MI 49777

Coldwell Banker Town & Country Real Estate

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information