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    1302 S Madison St Ludington, MI 49431

    For Sale
    $299,900

    COMMERCIAL - Ludington, MI

    Property size:
    1,992 SF
    Lot size:
    0.83 Acres
    Days on Market:
    188
    Last Refresh:
    Dec 8 at 5:06 pm

    Property Features for 1302 S Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Basement
    Bathrooms
    2
    APN
    05143600100
    Size
    1,992 SF
    Lot size
    0.83 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1977
    Floors in Building
    1
    Number of units
    1
    Building materials
    Wood Siding, Brick

    Nexes Realty (231) 739-3501 [email protected]

    Listing agent Eric Shedd (231) 206-3345

    Listing date Jun 4, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Tavern in Ludington For Sale

    This historic tavern, established in 1911, is located in Ludington's 4th Ward neighborhood, just blocks from Pere Marquette Lake. Rebuilt in 1977 after a fire, the property features a spacious layout suitable for live entertainment, dancing, and outdoor seating. There is also room to expand kitchen capabilities for enhanced food service, as well as a basement for storage. The sale includes the real estate, Class C liquor license, equipment, and furnishings. The building size is 1992 square feet, situated on a 0.83-acre lot. This is a turn-key neighborhood establishment with roots in the community. The seller will consider land contract terms with a substantial down payment. The property is suitable for bars, restaurants, retail properties, storefront properties and individual retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pomorskis Tavern Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Alley Bar & Grill, Bud's Tap Room, The Sandbar, Ludington Pub, Admiral Kitchenaid

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.436559
    Latitude
    43.942302

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    FAQs

    What type of property is this?
    Bar - Turn-key tavern with real estate, license, equipment, and furnishings included.
    Where is this bar located?
    The property is located at 1302 S Madison St Ludington, MI.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Turn-key business opportunity including real estate, Class C liquor license, equipment, and furnishings.; - Prime location in Ludington's 4th Ward, just blocks from Pere Marquette Lake.; - Spacious layout suitable for live entertainment, dancing, and outdoor seating.
    (231) 206-3345
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1302 S Madison St Ludington, MI 49431
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