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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
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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