White-Box Retail
For Lease
$12 SF/Yr
225 W Ludington Avenue, Ludington, MI 49431
Commercial Lease, Ludington, MI
Space SizeContact for details
Lot Size0.63 Acres
Days on Market2036
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
(231) 690-8127
Added: Mar 24, 2021
Changed: Oct 8
Last Checked: Oct 19 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 4,704-square-foot commercial property contains three separate units intended for retail or office use. The spaces are currently unfinished, with the owner providing a white-box buildout that includes drywall, ceilings, electrical service, heating, fire suppression, and a flooring allowance. Tenants may customize the interiors, with lease terms subject to adjustment for extensive improvements and longer commitments.
Built in 2018, the brick property features forced-air heating, central air, driveway parking, and cable availability. Each unit is separately responsible for its utilities, and the lease structure includes a five-year initial term with a five-year extension option. The property occupies 0.63 acres at 225 W Ludington Avenue in Ludington’s DDA.
Built in 2018, the brick property features forced-air heating, central air, driveway parking, and cable availability. Each unit is separately responsible for its utilities, and the lease structure includes a five-year initial term with a five-year extension option. The property occupies 0.63 acres at 225 W Ludington Avenue in Ludington’s DDA.
Key Highlights
- Three separate retail or office units totaling 4,704 square feet
- Owner‑provided white‑box buildout with drywall, ceilings, electrical, heating, and fire suppression
- 0.63‑acre property at 225 W Ludington Avenue in the Ludington DDA
Property Analytics
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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
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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
Frequently Asked Questions
What type of property is this?
Retail space - Three configurable commercial units offer new retail or office occupancy in the Ludington DDA.
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 retail or office units totaling 4,704 square feet; Owner‑provided white‑box buildout with drywall, ceilings, electrical, heating, and fire suppression; 0.63‑acre property at 225 W Ludington Avenue in the Ludington DDA
