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    524 Ludington St Escanaba, MI 49829

    For Sale
    $750,000

    Office - Escanaba, MI

    Type:Office
    Property size:
    25,528 SF
    Lot size:
    0.72 Acres
    Days on Market:
    165
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 524 Ludington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    051-010-2929-304-006 & others
    Parking features
    Parking Lot
    Interior features
    220 Volt Power, Cable Internet Installed, Electric Available, Elevator(s), Handicap Elevator, Private Restrooms, Public Restrooms, Reception Area, Restroom(s), Sidewalks, Telephone, Trash Removal
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Size
    25,528 SF
    Lot size
    0.72 Acres

    Utilities

    Utilities
    Electricity Available, Phone Available
    Heating system
    Forced Air, Hot Water (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1908
    Building materials
    Brick
    Architectural style
    Other

    Premier Real Estate Inc (906) 786-5030 [email protected]

    Listing agent LORI RYMKOS (906) 786-5030

    Listing date Jul 3, 2025

    MLS# 50146747 Listing URL

    Copyright © 2025 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.

    Overview

    Iconic Office Building in Escanaba

    The Ludington Post Suites, a historic building in downtown Escanaba, Michigan, is available for purchase. Originally the post office, the building offers over 25,000 square feet of finished space across three stories and a full basement. The property currently houses nine tenants and has the capacity for more, with varying unit sizes suitable for a range of businesses. The building has potential for use as a conference center, hotel, or apartment building. An elevator provides access to all four floors. The property includes street parking, a small side parking area, and a rear parking lot. The building is located on a 0.72-acre lot and offers views of Ludington Park and Lake Michigan from many of the offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Michael ... Personal Injury Attorney Maki Law Legal Services Victory Video and Photography Photography Service WCHT Radio Broadcaster Wupf Radio Broadcaster

    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
    Escanaba
    County
    Delta
    State
    Michigan
    Longitude
    -87.054864
    Latitude
    45.746038

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    FAQs

    What type of property is this?
    Office building - Historic downtown Escanaba office building with diverse tenant potential.
    Where is this office building located?
    The property is located at 524 Ludington St Escanaba, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Iconic building in downtown Escanaba with historical significance.; - Boasting over 25,000 sq ft of finished space across 3 stories and a full basement.; - Currently has 9 tenants, offering immediate rental income, with potential for more.
    (906) 786-5030
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    524 Ludington St Escanaba, MI 49829
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    Escanaba, MI 49829
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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
    524 Ludington St Escanaba, MI 49829
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