, 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
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.
More Information MLS# 25029686
Location & Property Info
Cross Streets: US-10
Property Sub-Type: Office
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
General Property Info
New Construction: No
Lot Dimensions: 98.3x664.64x210.23x434.2x95.4x33.61x176.43
Road Frontage: 98.3
Waterfront: No
Total # Units: 4
Total # Bldgs: 3
# Fin Bldg Lvls: 7200
Total SqFt: 7200
Property Use Type: Investment
School District: Ludington
Lot Measurement: Acres
Lot Acres: 2.44
Lot Square Footage: 106286
Year Built: 1990
Full Baths: 6
Tax Info
Taxable Value: 123900
SEV: 123900
For Tax Year: 2025
Seller's Annual Property Tax: 5912
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None Known
Non-Conforming Use: No
Zoning: C-1
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
Waterfront Options
Water Access Y/N: No
Additional Details
Total Parking Spaces: 49
Street Type
Paved: 1
Public: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Construction Type
Frame/Wood: 1
Exterior Material
Brick: 1
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Other: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Survey: 1
Business Includes
Real Estate: 1
Foundation
Slab: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Tenant Pays All
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Asphalt: 1
Shared Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Mason
State: MI
Zip Code: 49431
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Active
Current Price: $975,000
List Price: $975,000
Listing Date: 2025-06-19
Remarks Misc
Directions: From US-10: N on Jebavy. Property on the left just after Rehab Center & before Vet Clinic.
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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