, Ludington, MI 49431 (MLS# 25029686)
Ludington, MI 49431
$975,000
Property Type:
Commercial Sale
Square Footage:
7,200
Lot Size (sq. ft.):
106,286
Status:
Active
Current Price:
$975,000
List Date:
6/19/2025
Last Modified:
12/09/2025
Overview
Description
THREE 2,400 SF COMMERCIAL BUSINESS RENTALS - Each unit is fully rented and in excellent condition. Plaza has an abundance of parking spaces and plenty of room to build more units if needed. Units have had a high occupancy percentage with little down time between tenants. Price per SQFT of building including the 2.4A lot and paved parking is $135/SQFT. Well below new construction costs. As a landlord, this could be a good choice for a passive income.
Listing Details MLS# 25029686
Location Property Info
- County
- Mason
- State
- MI
- Zip Code
- 49431
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 2.44
- Lot Square Footage
- 106286
- Lot Dimensions
- 98.3x664.64x210.23x434.2x95.4x33.61x176.43
- Year Built
- 1990
- Road Frontage
- 98.3
- Total # Units
- 4
- # Fin Bldg Lvls
- 7200
- Total # Bldgs
- 3
- Total SqFt
- 7200
- Property Use Type
- Investment
- Full Baths
- 6
- Waterfront
- No
- School District
- Ludington
Tax Info
- Taxable Value
- 123900
- SEV
- 123900
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 5912
- Tax Year
- 2024
- Spec Assessment & Type
- None Known
- Non-Conforming Use
- No
- Zoning
- C-1
- Homestead %
- 0
Remarks Misc
- Directions
- From US-10: N on Jebavy. Property on the left just after Rehab Center & before Vet Clinic.
Additional Details
- Total Parking Spaces
- 49
More Information
Waterfront Options
- Water Access Y/N
- No
Location & Property Info
- Cross Streets
- US-10
- Property Sub-Type
- Office
- Area
- MasonOceanaManistee - O
- Municipality
- Pere Marquette Twp
- Principal Road
- Yes
- Ownership Type
- Private Owned
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 135.42
- Prop Avail for Lease?
- No
- Current Bldg Use
- Rental Offices
Remarks & Misc
- Public Remarks
- THREE 2,400 SF COMMERCIAL BUSINESS RENTALS - Each unit is fully rented and in excellent condition. Plaza has an abundance of parking spaces and plenty of room to build more units if needed. Units have had a high occupancy percentage with little down time between tenants. Price per SQFT of building including the 2.4A lot and paved parking is $135/SQFT. Well below new construction costs. As a landlord, this could be a good choice for a passive income.
- Legal
- SECTION 14, T18N, R18W. A PARCEL OF LAND IN THE NORTHEAST 1/4 OF SECTION 14, TOWN 18 NORTH, RANGE 18 WEST, PERE MARQUET
Street Type
- Paved
- Yes
- Public
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Professional Service
- Yes
- Professional/Office
- Yes
Construction Type
- Frame/Wood
- Yes
Exterior Material
- Brick
- Yes
- Vinyl Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- Other
- Yes
Below Grade
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Docs at List Office
- Aerial Photo
- Yes
- Survey
- Yes
Business Includes
- Real Estate
- Yes
Foundation
- Slab
- 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
Tenant Pays All
- Electric
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Driveway
- Asphalt
- Yes
- Shared Paved
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Uses:
Professional Service; Professional/Office
Ownership:
Other
Business Includes:
Real Estate
Construction Type:
Frame/Wood
Exterior Material:
Brick; Vinyl Siding
Roofing:
Composition
Foundation:
Slab
Below Grade:
None
Tenant Pays All:
Electric; Gas; Sewer; Trash; Water
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
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; Shared Paved
Street Type:
Paved; Public
Purchase Terms Avail:
Cash; Conventional
Docs at List Office:
Aerial Photo; Survey
Sale Conditions:
None
Possession:
Close Of Escrow
Listing Office:
GREENRIDGE Realty Ludington
Listing Agent:
Bob Budreau
Last Updated: December - 09 - 2025
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