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.
For sale
$974,900
15279 Us Highway 23 S, Presque Isle, MI 49777
0beds
3,879sqft
Est.:
Single Family Residence
Built in 1960
-- sqft lot
$-- Zestimate®
$251/sqft
$-- HOA
What's special
Waterfront propertySizable shopMarina store
- 54 days
- on Zillow |
- 646 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: June 25, 2025 at 08:31am
Listed by:
616-250-6751,
eXp Realty 616-250-6751
Source: My State MLS,MLS#: 11523699
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Basement
- Area: 0
Heating
- Has Heating (Unspecified Type)
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,879
- Total interior livable area: 3,879 sqft
- Finished area above ground: 3,879
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Lake, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Dock, Waterfront, Lake
- Body of water: Grand Lake
Details
- Parcel number: 06102700000900
- Lease amount: $0
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Electric: Amps(0)
- Sewer: Private Septic
- Water: Well
Community & HOA
Community
- Subdivision: Presque Isle
HOA
- Has HOA: No
Location
- Region: Presque Isle
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $298,200
- Annual tax amount: $2,687
- Date on market: 6/25/2025
- Date available: 06/23/2025
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