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Three-Story Office Building
For Sale
$625,000

524 Ludington Street, Escanaba, MI 49829

COM/IND/BUS OPP, Escanaba, MI

Property Size25,528 SF
Lot Size0.72 Acres
Price / SF$24.48
Days on Market38

Property Features for 524 Ludington Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Parking features Parking Lot
Lot features Main Street
Subdivision Escanaba (21010)
Standard status Active
Size 25,528 SF
Lot size 0.72 Acres

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 14427

Utilities

Heating system Hot Water(Heating), Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1908
Listing Agency: PREMIER REAL ESTATE, INC.
Listed By: LORI RYMKOS · License #UPAR
Added: Aug 14 Changed: Sep 7 Last Checked: Sep 20 at 3:06PM
MLS# 50218725

Copyright © 2026 Upper Peninsula 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.

Investment Insights

Based on property information with market context.

Built in 1908, this three-story office building includes a full finished basement and 25,528 square feet of finished space. The property was originally constructed as a U.S. Post Office and includes an elevator serving all four levels. Existing features include offices, central air conditioning, hot water and forced-air heating, and public water service.

The building occupies 0.72 acres at 524 Ludington Street in downtown Escanaba. Many offices have views toward Ludington Park and Lake Michigan. Parking is provided in a side lot, with additional parking at the rear. The property is zoned Commercial and is being offered in its existing condition, providing a substantial office-oriented building with adaptable interior space.

Key Highlights

  • 25,528 square feet of finished space
  • Three‑story building with a full finished basement
  • Elevator provides access to all four levels

Property Analytics

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Current Use

Law Office of Michael ... Law Firm Maki Law Law Firm Victory Video and Photography Photography Service WCHT Radio Station Wupf Radio Station

Suggested Use

Top Pick Grocery & Convenience Store Plumbing Service Barber Shop Furniture & Home Goods Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby

Demographics for 49829, MI

17,009
Population
8,729
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
66.8 sq mi
ZIP Area
255
Density / Sq Mi
$45,808
Median Household Income
$31,366
Median Earnings
$667
Median Rent
$139,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Former post office with elevator access, parking areas, and views toward Ludington Park and Lake Michigan.
Where is this office building located?
The property is located at 524 Ludington Street Escanaba, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 25,528 square feet of finished space; Three‑story building with a full finished basement; Elevator provides access to all four levels
More about this property
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