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$ 974,900
Est. payment | /mo
1 Bath
3,879 SqFt
$ 974,900
Est. payment | /mo
1 Bath
3,879 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,879 sqft
Price per Sqft $251
MLS Listing ID 11523699
Full Baths 1
Year Built 1960
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 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.
Location
State MI
County 26141
Rooms
Dining Room 0
Kitchen 0
Exterior
Parking Features Detached
Building
Story 1
Sewer Private Septic
Water Private Well
Structure Type Frame
Nearby Locations
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Wally Kerr
Broker | License ID: 83230