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$974,900
Est. payment /mo
1 Bath
3,879 SqFt
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
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 Presqueisle
Area Area71131Krakowtwp
Interior
Heating Baseboard, Propane
Cooling CentralAir, WindowUnits
Exterior
Parking Features Gravel
Utilities Available CableConnected
Waterfront Description AllSportsLake, LakeFront
View Y/N No
Roof Type Composition
Building
Foundation ConcretePerimeter, None
Sewer SepticTank
Water Well
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
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761
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