Lake Huron Marina For
7365 Cedar Street Port Sanilac, MI 48469
7365 Cedar Street, Port Sanilac, MI, 48469
$3,500,000
For Sale
$3,500,000
Full-service Great Lakes marina with storage and service facilities.
Property Size29,300 SF
Lot Size5.83 Acres
Price / SF$119.45
Days on Market176
Property Features for 7365 Cedar Street
General Information
- Standard status
- Active
- Size
- 29,300 SF
- Lot size
- 5.83 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1977
Listing agency
Signature Associates Southfield
(249) 613-9700
Listed by
Steve Gordon · License #6502124167
(249) 613-9700
Source
Tcnworldwide
Added: Jan 27 Updated: Jul 6 at 10:08AM Checked: Jul 21 at 3:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates Southfield
Investment Insights
Based on property information with market context.
This full-service marina is located on Lake Huron and includes a 27-Ton Algonac boat hoist, a 25-Ton Wiggins lift truck, and a 50-Ton marine travel lift with telescoping crane. The sale includes multiple addresses: a 5.41-acre fenced and lighted storage yard at 6925 E. Sanilac, 7,500 sq. ft. of inside heated storage at 7256 Cedar St, a 0.42-acre storage yard at 8 South Lake St, an 8,000 sq. ft. main building with a showroom and restaurant at 7353/7365 Cedar St, and a 5,000 sq. ft. marine service center at 7332 Cedar St. The main building offers space for a showroom and restaurant, complementing the marine services.
Key Highlights
- Full‑service Great Lakes Marina on Lake Huron
- Includes a 50‑Ton marine travel lift with telescoping crane
- Multiple addresses with diverse facilities: storage yards, heated storage, main building with showroom/restaurant, and marine service center
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $421.9k | $14.40 |
| − Vacancy | −$25.3k | −$0.86 |
| EGI | $396.6k | $13.54 |
| − OpEx | −$99.2k | −$3.38 |
| NOI | $297.5k | $10.15 |
29,300 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.25M
$3.72M – $4.96M
NOI $297,454 @ 7.0% cap · market cap 8.50%
Second Best
Warehouse
$2.72M
$2.38M – $3.17M
NOI $190,224 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$6.22M
$5.44M – $7.26M
NOI $435,590 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Port Sanilac Marina
(Bike/Boat/Book/etc) Store
First Mate Ice ...
Grocery & Convenience Store
Uri's Waterfront Dining ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Marina - Full-service Great Lakes marina with storage and service facilities.
Where is this marina located?
The property is located at 7365 Cedar Street Port Sanilac, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Full‑service Great Lakes Marina on Lake Huron; Includes a **50‑Ton marine travel lift with telescoping crane**; Multiple addresses with diverse facilities: storage yards, heated storage, main building with showroom/restaurant, and marine service center
