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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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15279 Us-23 S , Presque Isle, MI 49777
$974,900
Est. Payment: $5,020.24/mo
0 Bed
1 Bath
3879 Sqft
Status: active | Days on site: 316
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

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 also provide training and guidance to help with a successful start-up to continue the success of the Marina. The property could be an owner-occupied property with a few upgrades to the current structure or host a temporary structure for housing.

Highlights

Listed by Thomas A Rumble , 616-250-6751 EXP Realty LLC , 269-600-4397. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.8

Year Built

1960

County

Presque Isle

Area

Outside MichRIC Area - Z

School District

Presque Isle

Listing ID

25030441

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:1
  • Full Bathrooms:1
Air Cond:Central Air,Window Unit(s)
Fireplaces:
Other:Well

Exterior Features

Lot:Lake,Waterfront
Roof:Composition
Sewer:Septic Tank
Principal Interest
$5,020
Taxes
$83

Home Price

$974,900

Loan Details

30 yrs
6.676%

Down Payment

20%
$194,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,020.24

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,020.24 $83.25 $0.00 $5,103.49
Yearly $60,242.91 $999.00 $0.00 $61,241.91
Total $1,807,287.18 $29,970.00 $0.00 $1,837,257.18
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Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Presque Isle, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

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