Retail Space with White-Box
For Lease
$12 SF/Yr
225 W Ludington Avenue, Ludington, MI 49431
COMMERCIAL - Ludington, MI
Space SizeContact for details
Lot Size0.63 Acres
Days on Market1991
Property Features for 225 W Ludington Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Property condition
Under Construction
Zoning description
CBD
Parking features
Driveway
Fireplace
1
Elementary school district
Ludington
Middle school district
Ludington
High school district
Ludington
Directions
From US-10/31 intersection: W on US-10 into Ludington. Building on N side of Ludington Ave between Rath & Robert.
Subdivision
MasonOceanaManistee - O
Standard status
Active
APN
051-105-223-00
Size
4,704 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2020
Tax Description
ORIGINAL PLAT COM. AT NE COR. OF LOT 1, THENCE W 101 1/2 FT, S 140 FT, E 25.5 FT, N 38 FT, E 76 FT, N 102 FT TO BEGINNING. ALSO THE W 20 FT LOT 2, LOT 3 & E 36 FT OF LOT 4, ALL IN BLOCK 46.
Legal Description
ORIGINAL PLAT COM. AT NE COR. OF LOT 1, THENCE W 101 1/2 FT, S 140 FT, E 25.5 FT, N 38 FT, E 76 FT, N 102 FT TO BEGINNING. ALSO THE W 20 FT LOT 2, LOT 3 & E 36 FT OF LOT 4, ALL IN BLOCK 46.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2018
Building materials
Brick
Listing Agency:
GREENRIDGE Realty Ludington
(231) 843-6868
Listed By:
Bob Budreau · License #6502356674
(231) 690-8127
Added: Mar 24, 2021
Changed: Aug 4
Last Checked: Sep 4 at 12:06AM
MLS# 21009549
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.
This 4,704-square-foot retail property contains three separate commercial units within a 2018 brick building. The spaces are currently unfinished, with the owner providing a base buildout that includes drywall, ceilings, electrical service, forced-air heating, fire suppression, and a flooring allowance. Tenants can complete the remaining customization to suit their operations. Central air and driveway parking are also provided.
Located at 225 W Ludington Avenue in the Ludington DDA, the property is available under a 5-year lease with a 5-year extension option. Each tenant is responsible for its own utilities, and the lease structure does not include additional CAM charges. The building is under construction, allowing occupants to coordinate their final interior configuration as improvements are completed.
Located at 225 W Ludington Avenue in the Ludington DDA, the property is available under a 5-year lease with a 5-year extension option. Each tenant is responsible for its own utilities, and the lease structure does not include additional CAM charges. The building is under construction, allowing occupants to coordinate their final interior configuration as improvements are completed.
Key Highlights
- Three separate commercial units totaling 4,704 square feet
- Landlord‑provided base buildout includes drywall, ceilings, electrical, heating, and fire suppression
- 5‑year lease with 5‑year extension option
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Ludington, MI
$10.24 /SF/Yr
Avg Asking Price
$7.95–$12 /SF/Yr
Price Range
24,331 SF
Avg Space Size
This space is priced 17% above the average of $10.24 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Three unfinished commercial units with landlord-provided base improvements and tenant customization flexibility.
Where is this retail space located?
The property is located at 225 W Ludington Avenue 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 totaling 4,704 square feet; Landlord‑provided base buildout includes drywall, ceilings, electrical, heating, and fire suppression; 5‑year lease with 5‑year extension option
