15279 Us-23 S, Presque Isle, MI 49777
sale
$974,900
|
Other
Courtesy Of eXp Realty LLC
39555 Orchard Hill Place, Novi, MI 48375
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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Wired
- Amenities: Water Front
- Building Units: 2
- Cooling System: Window Unit(s)
- Cooling System: Central Air
- Exterior Type: Metal Siding
- Exterior Type: Wood Siding
- Floors: 1
- Heating System: Baseboard
- Legal Description: T 34 N R 7 E SEC 27 PARC IN GOVT LOT 3, COM AT NW COR OF GOVT LOT 2, N 89DEG
- MLSID: 25030441
- Roof Type: Composition
- Rooms: Bathroom 1
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