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    550 Ludington Dr Farwell, MI 48622

    For Sale
    $225,000

    Versatile Commercial Building, Prime Location, High Traffic.

    Property size:
    3,307 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property located at 550 E Ludington in Farwell, MI, presents a unique investment opportunity. The 3,307 square foot building sits on a 1.9-acre corner lot, boasting high visibility due to its position on M-115 between Farwell and Clare, and its adjacency to the Pere Marquette Rail Trail. The property offers a flexible layout, including approximately 1,292 square feet of finished retail space, ideal for immediate occupancy and business operations. An additional 575 square feet of living space presents a readily adaptable area for expansion of retail space or other commercial uses. Significant storage or garage space, totaling approximately 1,440 square feet, provides ample room for inventory, equipment, or other business needs. Both roads providing access to the property are paved, ensuring convenient access for customers and deliveries. The property is equipped with a 50-amp service and sewer hookup for a camper, adding to its versatility. Utilities are comprehensive, including a 5-inch well and a mounded septic system installed in 2004, high-speed internet access, cable television, and natural gas. This property's strategic location, ample space, and existing infrastructure make it an ideal choice for a variety of commercial ventures, offering significant potential for growth and return on investment.

    Property Features for 550 Ludington Dr

    General Information

    Property type
    Industrial properties
    Square Feet
    3,307 SF
    Lot Size
    82,764 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farwell
    County
    Clare
    State
    Michigan
    Longitude
    -84.83883
    Latitude
    43.83207

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    FAQs

    What type of property is this?
    Industrial property - Versatile Commercial Building, Prime Location, High Traffic.
    Where is this industrial property located?
    The property is located at 550 Ludington Dr Farwell, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    (989) 502-2026
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    550 Ludington Dr Farwell, MI 48622
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    Farwell, MI 48622
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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
    550 Ludington Dr Farwell, MI 48622
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