15279 US-23 S, Presque Isle, MI 49777 (MLS# 25030441)

15279 US-23 S, Presque Isle, MI 49777

$974,900

Property Type: Commercial Sale Baths: 1 Square Footage: 3,879 Lot Size (sq. ft.): 34,848 Status: Active

Current Price: $974,900 List Date: 6/24/2025 Last Modified: 10/06/2025

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 will

Supplements: 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.

More Information MLS# 25030441

Location & Property Info

Cross Streets: N Grand Lake Hwy / US 23 S Property Sub-Type: Business Opportunity Municipality: Krakow Twp Principal Road: Yes Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 251.33 Prop Avail for Lease?: No Current Bldg Use: Marina / Dock / Shrinkwrap

General Property Info

New Construction: No Lot Dimensions: Irregular Road Frontage: 150 Mineral Rights: Unknown Waterfront: Yes Body of Water: Grand Lake Total # Units: 2 Total # Bldgs: 2 # Fin Bldg Lvls: 1 Total SqFt: 3879 Total Net SqFt: 3879 Property Use Type: Business Statewide Lakes & Rivers: Grand Lake School District: Presque Isle Lot Measurement: Acres Lot Acres: 0.8 Lot Square Footage: 34848 Year Built: 1960 Full Baths: 1 Total Baths: 1

Tax Info

Taxable Value: 77604 SEV: 159400 For Tax Year: 2024 Seller's Annual Property Tax: 999 Tax Year: 2024 Homestead %: 0 Spec Assessment & Type: None Known Non-Conforming Use: No Tax ID #: 061-027-000-009-00

Remarks & Misc

Public Remarks: 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 Legal: T 34 N R 7 E SEC 27 PARC IN GOVT LOT 3, COM AT NW COR OF GOVT LOT 2, N 89DEG

Waterfront Options

Water Frontage: 198

Water Type

Lake: 1

Water Fea. Amenities

All Sports: 1

Street Type

Paved: 1 Public: 1

SqFt Information

24 Hour Security: 1

Property Use

Business: 1

Utilities Attached

Cable Connected: 1

Sewer

Septic Tank: 1

Water

Well: 1

Uses

Professional Service: 1 Recreation: 1

Construction Type

Frame/Wood: 1 Steel: 1

Exterior Material

Metal Siding: 1 Wood Siding: 1

Roofing

Composition: 1

Heat Source

Propane: 1

Sale Conditions

None: 1

Ownership

Proprietorship: 1

Below Grade

None: 1

Heat Type

Baseboard: 1

Air Conditioning

Central Air: 1 Window Unit(s): 1

Business Includes

Equipment: 1

Foundation

Concrete Perimeter: 1

Util Avail at St

Electricity Available: 1

Driveway

Gravel: 1

Purchase Terms Avail

Cash: 1 Land Contract: 1

Possession

Close Plus 30 Days: 1

Location Property Info

County: Presque Isle Street #: 15279 Street Name: US-23 Post Direction: S State: MI Zip Code: 49777 Zip (4): 9012 Area: Outside MichRIC Area - Z

OfficeContract Info

Status: Active Current Price: $974,900 List Price: $974,900 Listing Date: 2025-06-23

Remarks Misc

Directions: US 23

Property Features

Property Use: Business SqFt Information: 24 Hour Security Water Type: Lake Uses: Professional Service; Recreation Ownership: Proprietorship Business Includes: Equipment Construction Type: Frame/Wood; Steel Exterior Material: Metal Siding; Wood Siding Roofing: Composition Foundation: Concrete Perimeter Below Grade: None Sewer: Septic Tank Water: Well Utilities Attached: Cable Connected Util Avail at St: Electricity Available Heat Source: Propane Heat Type: Baseboard Air Conditioning: Central Air; Window Unit(s) Driveway: Gravel Street Type: Paved; Public Purchase Terms Avail: Cash; Land Contract Sale Conditions: None Possession: Close Plus 30 Days

Listing Office: EXP Realty LLC

Listing Agent: Thomas A Rumble

Last Updated: October - 06 - 2025

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