Established Retail Business
816 Ludington, Escanaba, MI 49829
Business - Escanaba, MI
Type:Business
Property size:
1,834 SFLot size:
0.32 AcresPrice / SF:
$136/SF- Added:
- Feb 2, 2026
- Days on Market:
- 103
- Last Refresh:
- May 16 at 5:06 am
Property Features for 816 Ludington
General Information
- Property type
- Commercial Sale
- Property subtype
- Business
- Zoning
- Commercial
- Standard status
- Active
- APN
- 051-010-2929-301-006
- Size
- 1,834 SF
- Lot size
- 0.32 Acres
Building Details
- Architectural style
- Other
Listing agent LORI RYMKOS (906) 280-3165
Listing office PREMIER REAL ESTATE, INC. 118 N 22ND STREET, Escanaba, MI (906) 786-5030
Listing date Feb 2, 2026
MLS# 50198737
Listing URL
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.
HighLights
- Well‑established, 20‑year specialty retail business with excellent reputation and loyal customer base throughout the Upper Peninsula.
- Largest bra selection in the UP (AA‑56 O cup) serving a wide range of specialty and medical fit needs.
- Includes all inventory and store fixtures, making it an immediate income‑producing operation.
- Turnkey operation with experienced manager and employee willing to remain.
- Strong referral base from medical providers and repeat clientele; accepts most insurance providers.
- Includes a main location plus a satellite location in Houghton, providing strong regional reach.
Overview
This is an opportunity to acquire a well-established specialty retail business with a 20-year history, an excellent reputation, and a loyal customer base throughout the Upper Peninsula. The business includes a main location in Escanaba and a satellite location in Houghton, providing strong regional reach. The store features an extensive bra selection, carrying up to 8,500 bras in inventory with sizing from AA through 56 O cup, catering to a wide range of specialty and medical fit needs. The business also offers wigs and hair accessories, swimsuits, stylish bandanas and headwear, lingerie and underwear, shoes, and specialty footwear. A curated selection of adult wellness and intimacy products, including accessories and personal care items, is also available. The business is fully staffed with one experienced manager and one employee who will remain. The business accepts most insurance providers and has a strong referral base from medical providers and repeat clientele. The sale includes all inventory and store fixtures. The business has established brand recognition throughout the UP and is an immediate income-producing operation. The property is situated on a 0.32-acre lot. The building has 1,834 square feet of retail space. The property is zoned commercial. The business can add C-Pap machine sales and other DME products. It is perfect for an owner-operator or investor seeking a proven retail and medical-support business with expansion potential.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$175.7K
NOI $15,810 @ 9.00% cap · cautious / downside scenario
Moderate
$225.9K
NOI $15,810 @ 7.00% cap · market / base-case scenario
Aggressive
$316.2K
NOI $15,810 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $15.00 |
| − Vacancy | −$4.9k | −$2.69 |
| EGI | $22.6k | $12.32 |
| − OpEx | −$6.8k | −$3.69 |
| NOI | $15.8k | $8.62 |
1,834 SF · lease $15.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$225.9K
$197.6K – $263.5K
NOI $15,810 @ 7.0% cap · market cap 6.32%
Second Best
Healthcare Medical
$208.3K
$182.2K – $243.0K
NOI $14,578 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$359.0K
$314.1K – $418.9K
NOI $25,131 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Escanaba Fit Body ...
Gym & Fitness Center
U P Bra's ...
(Bike/Boat/Book/etc) Store
Burkhart, Lewandowski, Miller ...
Law Firm
Location Insight
- Map
- Local Demand
- City
- Escanaba
- County
- Delta
- State
- Michigan
- Longitude
- -87.059341
- Latitude
- 45.746059
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Turnkey retail business with strong regional reach and loyal customers.
Where is this retail space located?
The property is located at 816 Ludington Escanaba, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Well‑established, 20‑year specialty retail business with excellent reputation and loyal customer base throughout the Upper Peninsula.; Largest bra selection in the UP (AA‑56 O cup) serving a wide range of specialty and medical fit needs.; Includes all inventory and store fixtures, making it an immediate income‑producing operation.
