15279 US-23 S Active Save Request In-Person Tour Request Virtual Tour
Krakow Twp,MI 49777
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 3,879 sqft
Price per Sqft $251
MLS Listing ID 65025030441
Year Built 1960
Annual Tax Amount $999
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions Irregular
Property Sub-Type Business Opportunity
Source Greater Regional Alliance of REALTORS®
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 Krakow Twp
Direction US 23
Body of Water Grand Lake
Interior
Heating Baseboard,Central Air
Heat Source Propane
Exterior
Waterfront Description Lake Front
Roof Type Composition
Road Frontage Paved
Building
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Frame,Metal Siding,Steel,Wood
Schools
School District Alpena
Others
Tax ID 06102700000900
Ownership Private Owned
Acceptable Financing Cash,Contract
Listing Terms Cash,Contract
Financing Cash,Contract
Special Listing Condition Unknown/Data Share Listings