43.954857 -86.396126

4743 US HIGHWAY 10 Ludington, MI 49431

225905262 43.954857 -86.396126 110 False 0 2800000.0 18800 101 18056185 False
  • $2,800,000
  • 16 full ba
  • 18,800 sqft
  • contact for detail lot
  • Est payment $15031.01/mo

Property & Neighborhood Info

Courtesy Of Five Star Real Estate (Casc)

Commercial in Ludington

Multi-tenant retail portfolio that contains two retail centers on the same parcel. Both buildings were built in 2006 and share a parking lot with direct frontage/access to US-10. Building A is currently 100% occupied with a total of 4 tenants and is approx. 7,875 SF. Building B is currently 58.6% occupied with a total of two (2) tenants and is approx. 18,800 SF, with an approximate vacancy rate of 41.4%. There is plenty of opportunity for a prospective investor to add value by leasing the additional space. Financially, the assets are generating approximately $166,938 in revenue and cash flowing a Net Operating Income of $143,582. Purchase also includes 25+ acres in the back, excellent for redevelopment for hotel, restaurant, retail or mix-use development. Site is right off US-10

Courtesy Of Five Star Real Estate (Casc)
  1. 16 Full Bath
  2. 18,800 Sq. Ft.
  3. contact for detail Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 2006
  • Full Bath: 16
  • School District: Ludington
  • County: Mason
  • Taxes: $28,000.00
  • Tax Year: 2018
  • Subdivision: Ludington
  • MLS Number:18056185

Additional Features

  • Construction:
    • Concrete
    • Steel
  • New Construction:
    • No
  • Property Subtype:
    • Retail/Commercial
  • Frontage:
    • 350.00
  • Sub- Area:
    • O51 - Ludington
  • Heating:
    • Forced Air
  • Heating Source:
    • Electric
    • Natural Gas
  • Sewer:
    • Public
  • Utilities:
    • Cable
    • Electric
    • Natural Gas
    • Telephone
  • Utilities Available:
    • Electric
    • Natural Gas
    • Public Sewer
    • Public Water
  • Municipality:
    • Ludington
  • Number of Buildings:
    • 2.00
  • Potential Use:
    • Distribution
    • Professional/Office
    • Restaurant
    • Retail
    • Storage
  • Water:
    • Public
  • Legal Description:
    • LL in LO
  • Sale Includes:
    • Non-Applicable
  • Terms Offered:
    • Cash/Conventional
  • Assessment:
    • NA
  • Document Count:
    • 3
  • Listing Type:
    • For Sale
  • LP Per SQFT:
    • 148.94
  • MLSSystem ID:
    • Grand Rapids Association of Realtors
  • Possession:
    • Subject to Tenant Rights
  • Tax ID:
    • 53-001-018-086-0 & 53-001-018-086-01
  • Total Acres:
    • 24.5100
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
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Randy Ostrander
Randy Ostrander
Broker/Owner
209 N. Michigan Big Rapids MI 49307
43.954857 -86.396126

4743 US HIGHWAY 10 Ludington, MI 49431

225905262 43.954857 -86.396126 110 False 0 2800000.0 18800 101 18056185 False
  • $2,800,000
  • 16 full ba
  • 18,800 sqft
  • contact for detail lot
  • Est payment $15031.01/mo