Historic Three-Unit
For Sale
$529,000
109 W Melendy, Ludington, MI 49431
This corner property is currently configured as a three-unit rental and dates to 1900.
Property SizeContact for details
Days on Market49
Property Features for 109 W Melendy
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Additional Details
Gross Income
$40,200
Road Access
Yes
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1900
Listing Agency:
Lighthouse Realty-Ludington
Listed By:
David Moore · License #6501143471
(231) 852-4700
Source:
Jabachler
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 27 at 3:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lighthouse Realty-Ludington
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Investment Insights
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Built in 1900, this historic property is configured as a three-unit rental building. It occupies the corner of West Melendy and South Rath Avenue in Ludington.
The property is five blocks from Ludington Avenue and downtown, with views of Harbor View Marina and the channel toward the lighthouse. Its zoning allows up to seven multifamily units. Plans have been drawn for a 12-unit condominium project and a separate nine-unit concept in three buildings; the neighboring property is also available for purchase and could accommodate five additional units.
The property is five blocks from Ludington Avenue and downtown, with views of Harbor View Marina and the channel toward the lighthouse. Its zoning allows up to seven multifamily units. Plans have been drawn for a 12-unit condominium project and a separate nine-unit concept in three buildings; the neighboring property is also available for purchase and could accommodate five additional units.
Key Highlights
- Three‑unit rental property
- Built in 1900
- Zoning allows up to seven multifamily units
Property Analytics
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
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Business Placement
Demographics for 49431, MI
17,044
Population
9,959
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
96.1 sq mi
ZIP Area
177
Density / Sq Mi
$63,313
Median Household Income
$36,924
Median Earnings
$850
Median Rent
$218,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - This corner property is currently configured as a three-unit rental and dates to 1900.
Where is this triplex located?
The property is located at 109 W Melendy Ludington, MI.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Three‑unit rental property; Built in 1900; Zoning allows up to seven multifamily units
