Marina

Anchor-In Marina

9904 N Straits Hwy, Cheboygan, MI 49721

Listing Price: $1,150,000

Cap Rate
7.27%
Number of Rooms
66
Gross SF
79,148
Price/Room
$17,424
Price/Gross SF
$14.53
Year Built
1980

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to represent the ownership and arrange for the sale of the Anchor In Marina in Cheboygan, Michigan. The offering provides an investor the opportunity to acquire a profitable marina asset in a beautiful northern Michigan town. Th e investment includes nine buildings on 18.7 acres of property with 608’ of shoreline directly fronting the Cheboygan River at the confluence with the Black River. Th e Marina has 63 slips for boats ranging in size from 20’ to 50’ and is one short lock from Lake Huron providing the ability to travel to many wonderful lakefront destinations. Cheboygan has a stable population and when summer visitors arrive, some with second homes in the area, making it a proven vacation and summer spot for many from the state. With direct, quick access by boat to Lake Huron and south to Mullett Lake, this is a rare and unique investment property.

Investment Highlights

  • Excellent Location With Close Access to Lake Huron & Mullett Lake
  • Value-Add Opportunity With Upside in Slip Rental, Potential Rack Storage & Boat Sales
  • Full Service Marina with 63 Slips and 30-Ton Haul-Out Capability

Exclusively Listed By

  • Paul Kerber

    Senior Vice President Investments

    (248) 415-2612

    Email Paul

    License(s): MI: 6502130236, MI: 6506027275

    Detroit

Listing Price: $1,150,000

Cap Rate
7.27%
Number of Rooms
66
Gross SF
79,148
Price/Room
$17,424
Price/Gross SF
$14.53
Year Built
1980

Investment Highlights

  • Excellent Location With Close Access to Lake Huron & Mullett Lake
  • Value-Add Opportunity With Upside in Slip Rental, Potential Rack Storage & Boat Sales
  • Full Service Marina with 63 Slips and 30-Ton Haul-Out Capability

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to represent the ownership and arrange for the sale of the Anchor In Marina in Cheboygan, Michigan. The offering provides an investor the opportunity to acquire a profitable marina asset in a beautiful northern Michigan town. Th e investment includes nine buildings on 18.7 acres of property with 608’ of shoreline directly fronting the Cheboygan River at the confluence with the Black River. Th e Marina has 63 slips for boats ranging in size from 20’ to 50’ and is one short lock from Lake Huron providing the ability to travel to many wonderful lakefront destinations. Cheboygan has a stable population and when summer visitors arrive, some with second homes in the area, making it a proven vacation and summer spot for many from the state. With direct, quick access by boat to Lake Huron and south to Mullett Lake, this is a rare and unique investment property.

Exclusively Listed By

  • Paul Kerber

    Senior Vice President Investments

    (248) 415-2612

    Email Paul

    License(s): MI: 6502130236, MI: 6506027275

    Detroit

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