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Blu Moon Mixed-Use Property
For Sale
$849,000

121 & 125 S James Street, Ludington, MI 49431

Commercial Sale, Ludington, MI

Property Size8,208 SF
Lot Size0.11 Acres
Price / SF$103.44
Days on Market137

Property Features for 121 & 125 S James Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description F-DC
Bathrooms 7
Full bathrooms 7
Rooms Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 4, Bathroom 7, Basement, Bathroom 3
Interior features Broadband
Elementary school Ludington Elementary School
Middle school Oj Dejonge Middle School
High school Ludington High School
Elementary school district Ludington
Middle school district Ludington
High school district Ludington
Directions From US 10 / Ludington Ave to S James St, South on James St to property on East side of road
Standard status Active
APN 53-051-225-155-00 & 53-051-225-156-00
Size 8,208 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description See lengthy legal on file in documents
Tax Annual Amount 9630
Legal Description See lengthy legal on file in documents

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Number of units 4
Building materials Brick
Roof type Rubber
Listing Agency: Greenridge Realty S Rath
Listed By: Debby Stevenson · License #6502347161
Added: Apr 17 Changed: Aug 31 Last Checked: Aug 31 at 3:06PM
MLS# 26016341

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Blu Moon is a mixed-use property comprising an operating restaurant and bar with the associated business name, phone number, book of business, Class C liquor license, furniture, fixtures, and equipment. The venue includes multiple service areas, kitchen space, restrooms, and a rooftop patio with a wet bar, open-air seating, and covered seating. A lower-level roll-up garage door provides access to an outdoor patio along James Street, while the building also includes a full, dry basement.

The property consists of two parcels at 121 and 125 S. James Street in downtown Ludington. The 8,208-square-foot brick building was constructed in 1900 and sits on 0.11 acres. Residential components include one 2-bedroom apartment and two 1-bedroom apartments. Forced-air heating, central air, broadband, and a rubber roof are also included.

Key Highlights

  • 8,208‑square‑foot mixed‑use building on 0.11 acres
  • Operating restaurant and bar with Class C liquor license
  • Rooftop patio includes wet bar, open‑air seating, and covered seating

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Pharmacy HVAC Service Auto Parts Store Auto Repair Shop Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

653
Businesses Nearby

Demographics for 49431, MI

17,044
Population
9,959
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
96.1 sq mi
ZIP Area
177
Density / Sq Mi
$63,313
Median Household Income
$36,924
Median Earnings
$850
Median Rent
$218,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Restaurant, bar, rooftop patio, and three rental apartments create a varied commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 121 & 125 S James Street Ludington, MI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 8,208‑square‑foot mixed‑use building on 0.11 acres; Operating restaurant and bar with Class C liquor license; Rooftop patio includes wet bar, open‑air seating, and covered seating
More about this property
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