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15279 US 23 S 3,879 SF Specialty Building Offered at $974,900 in Presque Isle, MI 49777
Executive Summary
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 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.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $974,900 | Lot Size | 0.81 AC |
| Price Per SF | $251.33 | Building Size | 3,879 SF |
| Sale Type | Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1960 |
| Property Subtype | Marina | Parking Ratio | 5.16/1,000 SF |
| Building Class | C | ||
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $974,900 |
| Price Per SF | $251.33 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 3,879 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 5.16/1,000 SF |
| Zoning | Commercial - Commercial Zoned District |
Amenities
- Signage
- Waterfront
- Air Conditioning
- Smoke Detector
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 061-027-000-009-00 | Improvements Assessment | $0 (2026) |
| Land Assessment | $0 (2026) | Total Assessment | $161,300 (2026) |
Property Taxes
Parcel Number
061-027-000-009-00
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$161,300 (2026)
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15279 US 23 S