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    200 32 & 33, Unit 31 Ludington, MI 49431

    For Lease
    $12 SF/Yr ($4,704 /Mo)

    COMMERCIAL - Ludington, MI

    Type:Retail
    Property size:
    4,704 SF
    Lot size:
    0.58 Acres
    Days on Market:
    169
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 200 32 & 33

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    APN
    051-105-232-00
    Parking features
    Driveway
    Fireplace
    1
    Size
    4,704 SF
    Lot size
    0.58 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2018
    Building materials
    Brick

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Bob Budreau (231) 690-8127

    Listing date Jun 20, 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

    Ludington Commercial Retail/Office Units

    Three separate commercial, retail, and office units are newly available for lease within the Ludington Downtown Development Authority (DDA). The units are currently unfinished and offered with a 5-year lease, including an option for a 5-year extension. A security deposit equal to one month's rent is required upon lease signing. The owner will provide a 'white box' finish, which includes drywall, ceilings, electrical systems, heating, and installed fire suppression, along with an allowance for flooring. Tenants are responsible for customizing the unit to their specific needs. Lease terms may be adjusted to accommodate extensive upgrades with a long-term lease agreement. Each unit requires tenants to cover their individual utility expenses. There are no additional Common Area Maintenance (CAM) fees. Rent will increase by 3% annually. The property is situated on a 0.58-acre lot. The available space totals 4,704 square feet. The property is located in Ludington, Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.449877
    Latitude
    43.954709

    Nearby Similar for Lease

    • $12 SF/Yr
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      Commercial Space in Ludington DDA

      Three commercial/retail/office units available in Ludington's DDA.
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    • $30 SF/Yr
      3,150 SF

      Downtown Ludington Commercial Space Available

      Commercial space for lease in downtown Ludington, suitable for retail/office.
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    • $12 SF/Yr
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      Retail Space in Renovated Center

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      Retail Space in Ludington, MI

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    FAQs

    What type of property is this?
    Retail space - Three unfinished commercial units available for lease in Ludington, Michigan.
    Where is this retail space located?
    The property is located at 200 32 & 33, Unit 31 Ludington, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Three separate commercial units available in Ludington DDA.; - 5-year lease with 5-year extension available.; - Owner provides "white box" finish (drywall, ceilings, electrical, heating, fire suppression, and flooring allowance).
    (231) 690-8127
    Request Owner's contact information
    200 32 & 33, Unit 31 Ludington, MI 49431
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    Ludington, MI 49431
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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
    200 32 & 33, Unit 31 Ludington, MI 49431
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