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    Property profile & analytics
    FOR SALE
    Commercial real estate

    7365 Cedar St, Port Sanilac, MI 48469

    0.67 ac lot
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-3621754
    Property summary
    AI-generated overview

    Exceptional investment opportunity: Port Sanilac Marina, a thriving waterfront business located at 7365 Cedar St, Port Sanilac, MI 48469, is offered for sale at $3,500,000. This 29,300 square foot property boasts a prime location on Lake Huron and includes a full-service marina with 120 docks accommodating vessels up to 60 feet. The main building, encompassing 8,000 square feet, features a 100-seat restaurant with a liquor license and elevator access, a ship store, and a showroom, all situated on the waterfront with a second-floor view. A marine service center with offices, heated storage buildings, and extensive outdoor storage areas complement the property. Heavy equipment, including a 27-ton Algonac boat hoist, 25-ton Wiggins lift truck, and 50-ton Marine Travelift with a telescoping crane, is included. The 7.98-acre lot also includes additional parcels used for winter and long-term storage. The property is zoned commercial, features 30-foot ceilings, and has twelve loading docks. No significant deferred maintenance is reported. This turnkey operation presents significant growth potential, combining valuable real estate with a successful existing business. The convenient location near shops and restaurants in Port Sanilac adds to its appeal. This is an outstanding opportunity for an investor or entrepreneur seeking a unique and established waterfront business.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.67 ac (29,185 SF)
    APN 212-200-000-045-00
    UPID US43-3621754
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Port Sanilac Marina (Bike/Boat/Book/etc) Store
    • First Mate Ice Cream Parlor Grocery & Convenience Store Specialty Food Shop
    • Uri's Waterfront Dining & Spirits Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    On Water LLC · 1 yrs held
    On Water LLC
    since 2025
    2 recorded transactions
    2025
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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