# 15279 US 23 S, Presque Isle, MI 49777

> **TL;DR:** 0bd/1ba single family, $974,900 ($251/sqft), built 1960, 3,879 sqft.
> Waterfront, View. Est. $4,225/mo. Listed 343 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $974,900 |
| Price/sqft | $251 |
| Bathrooms | 1 full |
| Square Feet | 3,879 |
| Year Built | 1960 |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 343 |

## Why This Home Stands Out

- **Waterfront** - Direct water access
- **Views** - Lake

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,225 |
| **Total** | **$4,225** |

## Key Amenities

- Waterfront
- View

## Property Highlights

- Built in 1960
- Waterfront

## Description

### Agent 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 entertain 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.

## Location

- **Address:** 15279 US 23 S, Presque Isle, MI 49777
- **Coordinates:** 45.31364, -83.565222
- **Google Maps:** https://www.google.com/maps?q=45.31364,-83.565222

## Listing Agent

- **Name:** Tom Rumble
- **Brokerage:** eXp Realty
- **Phone:** 6162506751
- **Email:** rprg.corp@gmail.com

## Primary Photo

![15279 US 23 S - Primary Photo](http://lh.rdcpix.com/e8644bd3817a81af1cdb4b0032e382c0l-f3892822476r.jpg)

*42 total photos available on [listing page](https://www.propertysimple.com/listing/15279-us-23-s-presque-isle-mi-49777-11523699)*

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**MLS#:** 11523699 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/15279-us-23-s-presque-isle-mi-49777-11523699)

---

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