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    215 N Jebavy Dr Ludington, MI 49431

    For Sale
    $350,000

    SINGLE_FAMILY - Ludington, MI

    Type:Office
    Property size:
    3,980 SF
    Lot size:
    0.86 Acres
    Days on Market:
    150
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 215 N Jebavy Dr

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 3, Bathroom 2
    Bathrooms
    3
    APN
    010-014-200-027-40
    Parking
    13
    Interior features
    Broadband
    Size
    3,980 SF
    Lot size
    0.86 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Number of units
    3
    Building materials
    Metal Siding
    Roof type
    Composition

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Bob Budreau (231) 690-8127

    Listing date Jul 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

    Commercial Building on High-Traffic Road

    This commercial building features three units within its 3,980 square feet and is currently fully rented by a single tenant. The property is in excellent condition and situated on a 0.85-acre lot with 112 feet of frontage on a high-traffic main road. Ample paved parking is available in the front, with additional space in the back for parking, storage, or expansion. The price per square foot, including the lot and parking, is $88, which is below new construction costs. This property, located in Ludington, Michigan, could be a good choice for passive income as a landlord.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northern Staffing Services Employment Agency West Michigan Seal ... Asphalt Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.419673
    Latitude
    43.960005

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    FAQs

    What type of property is this?
    Office building - Three-unit commercial building in excellent condition, fully rented by a single tenant.
    Where is this office building located?
    The property is located at 215 N Jebavy Dr Ludington, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Fully rented, three-unit commercial building providing immediate income.; - High-traffic location with 112' of frontage.; - Ample paved parking in front and additional space in the back for parking/storage/expansion.
    (231) 690-8127
    Request Owner's contact information
    215 N Jebavy Dr 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
    215 N Jebavy Dr Ludington, MI 49431
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