15279 US 23 S, Presque Isle, MI 49777

$974,900
Active for Sale
1 Baths
3879 SF
Built In 1960
 
Listing ID 11523699
Property Type Residential
County Presque Isle
Township Krakow
Neighborhood Presque Isle
School Presque Isle
Tax ID 061-027-000-009-00
FEMA Flood Map fema.gov/portal
Year Built 1960
   
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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 entertain 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.
Property Details
  • 1 Full Bath
  • 3879 SF (AG)
  • Built in 1960
  • 1 Story
  • Available 6/24/2025
  • Cottage Style
Interior Features
  • 1 Room
Exterior Features
  • Frame Construction
  • Wood Siding
  • Steel Siding
  • Asphalt Shingles Roof
  • Detached Garage
  • Private Well Water
  • Private Septic
  • Water View
  • Lake View
  • Lake Waterfront
  • Dock Waterfront
  • Water Frontage: 198
Listed By
eXp Realty
Office: 616-250-6751
Mobile: 616-250-6751
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