502 W Loomis Street, Ludington, MI 49431 (MLS# 24012749)

502 W Loomis Street, Ludington, MI 49431

$570,000

Property Type: Commercial Sale Square Footage: 6,980 Lot Size (sq. ft.): 14,000 Status: Sold

Current Price: $570,000 List Date: 3/05/2026 Last Modified: 3/06/2026

Overview

Description

Nestled in the heart of Ludington, Michigan, overlooking the picturesque Marina and the serene expansion of Pere Marquette Lake merging into the grandeur of Lake Michigan, lies the Crown and Cork restaurant--an iconic destination renowned for its upscale ambiance and dining experience. Spanning almost 7000 sqft, this culinary gem has been meticulously furnished, and curated with up-to-date technology over the past 3 years reflecting a commitment to excellence. With its expansive dining area, well-appointed bar, and private dining rooms, the Crown and Cork offers versatility and potential for growth, catering to a diverse array of clientele and special events. Whether it's a dinner for two, a lively gathering of friends, an elegant corporate event, or a catered event, the opportunity is

Supplements: here for someone with vision to write the next chapter in this culinary legacy.

Listing Details MLS# 24012749

Location Property Info

County: Mason
Street #: 502
Street Direction: W
Street Name: Loomis
Suffix: Street
State: MI
Zip Code: 49431
Zip (4): 2068

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.32
Lot Square Footage: 14000
Lot Dimensions: 100 x 140
Year Built: 1988
Road Frontage: 240
Total # Units: Yes
# Fin Bldg Lvls: Yes
Total # Bldgs: Yes
Total SqFt: 6980
Total Net SqFt: 6980
Property Use Type: Business
Full Baths: 3
Waterfront: Yes
Body of Water: Pere Marquette Lake
School District: Ludington
Statewide Lakes & Rivers: Pere Marquette Lake

Tax Info

Tax ID #: 051-105-260-00
Taxable Value: 575500
SEV: 575500
For Tax Year: 2023
Seller's Annual Property Tax: 35162
Tax Year: 2023
Spec Assessment & Type: None Known
Non-Conforming Use: No
Zoning: WM-2
Homestead %: 0

Remarks Misc

Directions: From Ludington Ave: S on Lewis, W on Loomis. Parking lot on the immediate right.

Status Change Info

Under Contract Date: 2025-08-18
Sold Date: 2026-03-05
Sold Price/SqFt: 81.66

More Information

Additional Details

Total Parking Spaces: 48

Waterfront Options

Water Frontage: 200

Location & Property Info

Cross Streets: Lewis
Property Sub-Type: Business Opportunity
Area: MasonOceanaManistee - O
Municipality: Ludington
Principal Road: Yes
Ownership Type: Corporate Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 186.25
Prop Avail for Lease?: No
Current Bldg Use: Restaurant

Remarks & Misc

Public Remarks: Nestled in the heart of Ludington, Michigan, overlooking the picturesque Marina and the serene expansion of Pere Marquette Lake merging into the grandeur of Lake Michigan, lies the Crown and Cork restaurant--an iconic destination renowned for its upscale ambiance and dining experience. Spanning almost 7000 sqft, this culinary gem has been meticulously furnished, and curated with up-to-date technology over the past 3 years reflecting a commitment to excellence. With its expansive dining area, well-appointed bar, and private dining rooms, the Crown and Cork offers versatility and potential for growth, catering to a diverse array of clientele and special events. Whether it's a dinner for two, a lively gathering of friends, an elegant corporate event, or a catered event, the opportunity is
Legal: ORIGINAL PLAT LOTS 11 & 12, BLOCK 49

Water Type

Lake: Yes

Water Fea. Amenities

All Sports: Yes
Channel: Yes
View: Yes

Street Type

Paved: Yes
Public: Yes

SqFt Information

Security System: Yes

Property Use

Business: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Bar/Tavern/Lounge: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes

Construction Type

Frame/Wood: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Equipment: Yes
Furniture: Yes
Inventory: Yes
Licenses: Yes
Real Estate: Yes

Additional Features

Fire Sprinkler: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Driveway

Asphalt: Yes
Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Property Features

Property Use: Business SqFt Information: Security System Water Type: Lake Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail Ownership: LLC Business Includes: Equipment; Furniture; Inventory; Licenses; Real Estate Construction Type: Frame/Wood Exterior Material: Wood Siding Roofing: Composition Below Grade: None Additional Features: Fire Sprinkler Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Asphalt; Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Close Of Escrow

Listing Office: GREENRIDGE Realty Ludington

Listing Agent: Bob Budreau

Last Updated: March - 06 - 2026

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