Lake Huron Marina For
For Sale
$3,500,000
7365 Cedar Street, Port Sanilac, MI 48469
Full-service Great Lakes marina with storage and service facilities.
Property Size29,300 SF
Lot Size5.83 Acres
Price / SF$119.45
Days on Market252
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
Building Size
29,300 SF
Year Built
1977
Listed By:
Steve Gordon
(249) 613-9700
Source:
Tcnworldwide
Added: Jan 27
Changed: Oct 4
Last Checked: Oct 5 at 4:25PM
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 Steve Gordon
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$297,454
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,949,080
$5.9M
Cap Rate 7%
$4,249,343
$4.2M
Cap Rate 9%
$3,305,044
$3.3M
Market Conditions
NOI Build-Up for 29,300 SF
Gross rent
$421.9K $14.40/SF
− Vacancy
−$25.3K −$0.86/SF
EGI
$396.6K $13.54/SF
− OpEx
−$99.2K −$3.38/SF
NOI
$297.5K $10.15/SF
Area
Sanilac County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,949,080
Cap Rate 7%
$4,249,343
Cap Rate 9%
$3,305,044
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 48469, MI
1,198
Population
1,014
Households
1.2
Avg Household Size
58
Median Age
23%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
152
Density / Sq Mi
$52,577
Median Household Income
$32,500
Median Earnings
$824
Median Rent
$166,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
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
