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    202 N Rath Ave Ludington, MI 49431

    For Sale
    $845,000

    COMMERCIAL - Ludington, MI

    Property size:
    15,354 SF
    Lot size:
    0.57 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 202 N Rath Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
    Bathrooms
    4
    APN
    051-225-064-00
    Size
    15,354 SF
    Lot size
    0.57 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Radiant, Forced Air

    Building Details

    Year built
    1957
    Floors in Building
    2
    Number of units
    1
    Building materials
    Metal Siding

    Lacuna Group LLC (616) 855-2662

    Listing agent Marcus P Velzen (616) 855-7662

    Listing date Nov 10, 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

    Office and Warehouse Downtown Ludington

    Located in downtown Ludington, the property at 202 N Rath Ave features a combination of office and warehouse space. The 15,354-square-foot building includes offices on the main floor and an upper mezzanine office area. A spacious warehouse is accessible via two garage doors. The property consists of a 0.0565-acre main site and a 0.209-acre outlot directly across the street. It is equipped with three-phase electrical service and a practical layout. The property is suitable for a range of business operations and is located blocks from the lakeshore.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ludington Daily News Newspaper Publisher Jim JOhnson Newspaper Advertising Department

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.448853
    Latitude
    43.956934

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    FAQs

    What type of property is this?
    Warehouse - Office and warehouse space in downtown Ludington, close to lakeshore.
    Where is this warehouse located?
    The property is located at 202 N Rath Ave Ludington, MI.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: - Prime downtown Ludington location, blocks from the lakeshore.; - Substantial 15,354 sq ft building with office and warehouse space.; - Includes a .0565-acre main site and a .209-acre outlot across the street.
    (616) 855-7662
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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
    202 N Rath Ave Ludington, MI 49431
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