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    909 Ludington St Escanaba, MI 49829

    Sponsored
    For Sale
    $299,000

    Three-unit commercial building, strong rental income, development potential.

    Property size:
    14,136 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional Escanaba investment opportunity presents a three-unit commercial building totaling 14,136 square feet on a 0.23-acre lot. Located on Ludington Street, this property features three distinct storefronts at 909, 911, and 915. Two units are currently leased to established businesses: North Coast Apparel and Nyman Jewelers (operating since 1968). The third unit, 915, is vacant and ready for immediate occupancy, offering flexible retail and office space with separately metered utilities for tenant convenience. Each unit includes a full basement providing substantial storage capacity. A significant feature is the 7,000 square foot second floor, previously a bowling alley, offering unique redevelopment potential. The current owner's plans included renovation while retaining two functional bowling lanes. The property benefits from a recently replaced roof, ensuring long-term structural integrity. This combination of stable rental income from existing tenants and the exciting prospect of developing the second floor makes this an attractive investment for those seeking a diversified portfolio with strong potential for future growth and returns. The asking price is $299,000.

    Property Features for 909 Ludington St

    General Information

    Property type
    Industrial properties
    Square Feet
    14,136 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1915
    Property Profile Location Intelligence

    Current Use by Public Records

    North Coast Apparel Clothing Store

    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
    -87.06055
    Latitude
    45.74552

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    FAQs

    What type of property is this?
    Industrial property - Three-unit commercial building, strong rental income, development potential.
    Where is this industrial property located?
    The property is located at 909 Ludington St Escanaba, MI.
    What is the asking price?
    The asking price for this property is $299,000.
    (906) 233-7455
    Request Owner's contact information
    909 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
    909 Ludington St Escanaba, MI 49829
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