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    15279 Us-23 S Presque Isle, MI 49777

    For Sale
    $974,900

    COMMERCIAL - Presque Isle, MI

    Property size:
    3,879 SF
    Lot size:
    0.80 Acres
    Days on Market:
    63
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 15279 Us-23 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    061-027-000-009-00
    Size
    3,879 SF
    Lot size
    0.80 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Heating system
    Baseboard
    Cooling system
    Window Unit(s), Central Air
    Water source
    Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    2
    Building materials
    Wood Siding, Metal Siding
    Roof type
    Composition

    eXp Realty LLC (888) 501-7085 [email protected]

    Listing agent Thomas A Rumble (616) 250-6751

    Listing date Oct 6, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Marina Opportunity in Presque Isle

    This waterfront property on Grand Lake in Presque Isle, Michigan, presents an opportunity to acquire a marina known for boat rentals, shrink wrapping, and dock sales. The business includes a transferable dock distributorship, subject to approval. The property features 198 feet of lake frontage, a shop, and a marina store located next to a public park. The location offers potential for expansion into additional income streams. The business currently operates as a sole proprietorship and generates income with a solid CAP rate. The property could be an owner-occupied property with a few upgrades to the current structure or host a temporary structure for housing. The property size is 3879 square feet and the lot size is 0.8 acres.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Hotel & Motel Storage Facility Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Presque Isle
    State
    Michigan
    Longitude
    -83.565271
    Latitude
    45.313652

    Nearby Similar for Sale

    • Contact for pricing

      Land in Presque Isle, MI

      Land available for sale in Presque Isle, Michigan.
      77 Renwick Cir, Presque Isle, MI 49777
      View Details

    FAQs

    What type of property is this?
    Marina - Established marina with lake frontage and expansion potential in Michigan.
    Where is this marina located?
    The property is located at 15279 Us-23 S Presque Isle, MI.
    What is the asking price?
    The asking price for this property is $974,900.
    What are key features of this property?
    This property features: - Rare waterfront marina property on Grand Lake with **198 feet of lake frontage.**; - Established business with attractive income, solid CAP rate, and potential for growth.; - Transferable dock distributorship (upon approval) included.
    (616) 250-6751
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15279 Us-23 S Presque Isle, MI 49777
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