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

Overview

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.

Listing Details MLS# 25030441

Location Property Info

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

General Property Info

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

Tax Info

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

Remarks Misc

Directions: US 23

Waterfront Options

Water Frontage: 198

More Information

Location & Property Info

Cross Streets: N Grand Lake Hwy / US 23 S
Property Sub-Type: Business Opportunity
Area: Outside MichRIC Area - Z
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

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

Water Type

Lake: Yes

Water Fea. Amenities

All Sports: Yes

Street Type

Paved: Yes
Public: Yes

SqFt Information

24 Hour Security: Yes

Property Use

Business: Yes

Utilities Attached

Cable Connected: Yes

Sewer

Septic Tank: Yes

Water

Well: Yes

Uses

Professional Service: Yes
Recreation: Yes

Construction Type

Frame/Wood: Yes
Steel: Yes

Exterior Material

Metal Siding: Yes
Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Propane: Yes

Sale Conditions

None: Yes

Ownership

Proprietorship: Yes

Below Grade

None: Yes

Heat Type

Baseboard: Yes

Air Conditioning

Central Air: Yes
Window Unit(s): Yes

Business Includes

Equipment: Yes

Foundation

Concrete Perimeter: Yes

Util Avail at St

Electricity Available: Yes

Driveway

Gravel: Yes

Purchase Terms Avail

Cash: Yes
Land Contract: Yes

Possession

Close Plus 30 Days: Yes

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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