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    Ludington, MI 49431

    New
    For Sale
    $975,000

    SINGLE_FAMILY - Ludington, MI

    Type:Office
    Property size:
    7,200 SF
    Lot size:
    2.44 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 12 at 4:06 am

    Property Features for

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 1, Bathroom 2
    Bathrooms
    6
    Parking
    49
    Interior features
    Broadband
    Size
    7,200 SF
    Lot size
    2.44 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Number of units
    4
    Building materials
    Vinyl Siding, Brick
    Roof type
    Composition

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Bob Budreau (231) 690-8127

    Listing date Dec 9, 2025

    Copyright © 2025 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.

    Overview

    Commercial Rentals in Ludington, Michigan

    The property features three 2,400-square-foot commercial business rentals, each fully rented and in excellent condition. The plaza includes an abundance of parking spaces and room to build additional units if needed. The units have maintained a high occupancy percentage with minimal downtime between tenants. The property is situated on a 2.44-acre lot. The price per square foot of the building, including the lot and paved parking, is $135. This property, located in Ludington, Michigan, could be a suitable choice for passive income.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.4001
    Latitude
    43.9737

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    FAQs

    What type of property is this?
    Office building - Three commercial rental units in excellent condition with ample parking.
    Where is this office building located?
    The property is located at Ludington, MI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Three fully rented commercial units, each 2,400 SF, providing immediate rental income.; - Ample parking space and potential for future expansion with room to build more units.; - High occupancy percentage with minimal downtime between tenants, indicating stable income.
    (231) 690-8127
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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
    Ludington, MI 49431
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