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Juan Alcala

EXP REALTY LLC

juanalcalabroker@chime.me

$ 974,900

Est. payment -/mo

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15279 US-23 S Krakow Twp, MI 49777

3,879 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 3,879 sqft

Price per Sqft $251

MLS Listing ID 65025030441

Year Built 1960

Annual Tax Amount $999

Lot Size 0.800 Acres

Acres 0.8

Lot Dimensions Irregular

Property Sub-Type Business Opportunity

Source Greater Regional Alliance of REALTORS®

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 willalso 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.

Location

State MI

County Presque Isle

Area Krakow Twp

Direction US 23

Body of Water Grand Lake

Interior

Heating Baseboard, Central Air

Heat Source Propane

Exterior

Waterfront Description Lake Front

Roof Type Composition

Road Frontage Paved

Building

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Frame,Metal Siding,Steel,Wood

Schools

School District Alpena

Others

Tax ID 06102700000900

Ownership Private Owned

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Financing Cash,Contract

Special Listing Condition Unknown/Data Share Listings

Listed by Thomas A Rumble of EXP Realty LLC

Juan Alcala

Team Lead

Juan Alcala

15279 US-23 S Krakow Twp, MI 49777

Key Details

Location

Interior

Exterior

Building

Schools

Others

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