612 N Lakeshore Drive, Ludington, MI 49431 (MLS# 24030694)

612 N Lakeshore Drive, Ludington, MI 49431

$5,100,000
Property Type: Commercial Sale Baths: 42 Square Footage: 18,928 Lot Size (sq. ft.): 109,641 Status: Active
Current Price: $5,100,000 List Date: 6/17/2024 Last Modified: 3/10/2025

Description

Welcome to your dream investment opportunity in the waterfront city of Ludington, Michigan! Presenting a magnificent 39-unit motel, situated on over 2.5 acres, that exudes charm, comfort, and endless possibilities. Located just one block away from the Stearns Park beach, on the sugar sand shore of Lake Michigan, this gem offers the perfect blend of convenience, relaxation, and natural beauty. Step onto the property and be greeted by open green spaces, meticulously maintained for guests' enjoyment. The saltwater pool provides a refreshing oasis for guests to unwind and soak up the sun. Whether it's a delightful morning swim or a leisurely afternoon by the poolside, this amenity is sure to delight. With plenty of parking available, guests can easily park by their room for convenient

Supplements: and easy access. You will enjoy exploring the amenities of Ludington and its surrounding areas. Miles of Lake Michigan shoreline leading out to the Ludington State Park invite visitors to indulge in long walks along the shore, beach picnics, and breathtaking sunsets. And the allure doesn't end there. This extraordinary property also boasts a phenomenal owner's residence that is nothing short of exceptional. Enjoy three bedrooms, and 3 full baths, plus 1/2 bath and steam shower room, theater room, stunning kitchen, dining room, personal office, main floor laundry, spacious mud room, 2 car oversized attached garage and private patio area. The upper level features a spacious master suite with full bath, slipper tub, walk-in closet with private laundry. This spacious residence offers the perfect blend of casual comfort and sophistication, every aspect of this home has been meticulously designed for optimal convenience and luxury. Don't miss this incredible opportunity to own a thriving motel in Ludington, Michigan. With its prime location, exceptional amenities, and a remarkable owner's home, this property is an investment that promises both financial success and a fulfilling lifestyle. Seize the chance to be part of Ludington's vibrant community and create lasting memories for guests from all walks of life. For additional information and photos please visit the website at https://www.nadersmotel.com/

More Information MLS# 24030694

Location Property Info

County: Mason Street #: 612 Street Direction: N Street Name: Lakeshore Suffix: Drive State: MI Zip Code: 49431 Area: MasonOceanaManistee - O

OfficeContract Info

Status: Active Current Price: $5,100,000 List Price: $5,100,000 Listing Date: 2024-06-17

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 2.52 Lot Square Footage: 109641 Lot Dimensions: 454.41x191.50 Year Built: 1890 Road Frontage: 454.41 Mineral Rights: Unknown Year Remodeled: 2018 Total # Units: 39 # Fin Bldg Lvls: 2 # of Diff Unit Floor Plans: 6 Total # Bldgs: 6 Total SqFt: 18928 Property Use Type: Business Full Baths: 45 Total Baths: 42 Waterfront: No Body of Water: Lake Michigan School District: Ludington Statewide Lakes & Rivers: Lake Michigan

Tax Info

Tax ID #: 53-051-170-004-10 Taxable Value: 758848 SEV: 1060300 For Tax Year: 2024 Annual Property Tax: 43019.57 Tax Year: 2023 Spec Assessment & Type: none known Non-Conforming Use: No Zoning: M-R

Remarks Misc

Directions: Head west on US-10/Ludington Ave. Continue to follow Ludington Ave. Turn right onto Lakeshore Dr. 612 will be on the right.

Unit 1

Unit Description: House/Office SqFt: 3603

Unit 2

Unit Description: Attached Garage SqFt: 924

Unit 3

Unit Description: Building A SqFt: 2528

Unit 4

Unit Description: Building B SqFt: 3153

Unit 5

Unit Description: Building C SqFt: 7680

Unit 6

Unit Description: Shop/Storage SqFt: 1040

Property Features

Property Use: Business Uses: Other Ownership: LLC Business Includes: Equipment; Furniture; Real Estate; Other Construction Type: Frame/Wood; Other Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Broadband; Cable Available; Electricity Available; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Asphalt; Concrete Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs Req Conf Agrmnt: Financials Sale Conditions: None Possession: Close Of Escrow
Listing Office: Greenridge Realty S Rath
Listing Agent: Debby Stevenson
Last Updated: March - 10 - 2025
612 N Lakeshore Drive, Ludington, MI 49431- MLS# 24030694
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