At various times there have been plans to create short sections of track from the station but none of these have ever come to fruition, though the Manx Transport Museum Group have their headquarters in the nearby former brickworks office, holding a number of railway-related items.
The locomotive shed at the eastern end of the yard was demolished at the same time as the rails were lifted, having become unsafe following a fire that engulfed the wooden lean-to some years previously, although the water tower beside it has survived and now forms part of a visitor's centre operated by the local heritage trust.
The building that now forms a display area for the House of Mannanan in Peel was originally the terminus of the Isle of Man Railway It was used as a fishermen's shelter after the line closed.
The goods shed became home of the replica Viking longship "Odin's Raven" in 1979, but now houses an audio-visual display area as part of the museum.
At the eastern end of the station next to the water tower was once the locomotive shed, long since gone, but an original four-wheel coach body is now on site as a potential restoration project for the museum group.
The quayside on which the site sits has been considerably redeveloped in the last few years: many nearby buildings have been overhauled and repainted in period style; the area is having something of a renaissance as a popular destination with trippers and holidaymakers.
A contemporary designed toilet and shower block has also been installed on reclaimed land close to the former locomotive shed for use in connection with the vessels housed at the marina.