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 will
Presque Isle is located in Michigan. Presque Isle, Michigan has a population of 1,743. Presque Isle is less family-centric than the surrounding county with 17.55% of the households containing married families with children. The county average for households married with children is 19.93%.
The median household income in Presque Isle, Michigan is $80,750. The median household income for the surrounding county is $52,181 compared to the national median of $69,021. The median age of people living in Presque Isle is 59.6 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 12.2 degrees. The average rainfall is approximately 29.4 inches per year, with 82 inches of snow per year.
