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Three-Bar Conventional Restaurant
For Sale
$1,499,000

111 & 107 W Ludington Ave, Ludington, MI 49431

Established dining and entertainment property with live music, arcade games, and a bier garden.

Property Size11,172 SF
Price / SF$134.17
Days on Market37

Property Features for 111 & 107 W Ludington Ave

General Information

Standard status Active
Size 11,172 SF
Property subtype Commercial

Additional Details

Business Included Yes
Patio Yes

Amenities

live music
arcade games

Building Details

Year Built 1940
Listing Agency: LIGHTHOUSE REALTY-Ludington
Listed By: Random Nelson Messeder · License #6501380117
Source: Vmrealestatemichigan
Added: Aug 12 Changed: Sep 15 Last Checked: Sep 16 at 10:15PM

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

Investment Insights

Based on property information with market context.

This 11,172-square-foot conventional restaurant was built in 1940 and includes three separate bar areas with distinct settings. The primary dining area combines family dining with an old-world pub atmosphere, while another bar accommodates live music and Michigan-made drinks, beers, and spirits. A third bar includes arcade games and a more relaxed entertainment setting. A bier garden extends the property’s customer areas, and the upstairs space above the main bar is currently unused and available for expansion.

The property is located at 111 & 107 W Ludington Ave in Ludington, Michigan. The restaurant has been owned and operated by the same family for over 70 years, providing an established operating history for a new owner.

Key Highlights

  • 11,172‑square‑foot restaurant property built in 1940
  • Three separate bar areas with distinct atmospheres
  • Main dining area combines family dining with an old‑world pub setting

Property Analytics

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Current Use

Sportsman's Restaurant Restaurant Century 21 Bayshore ... Real Estate Agency Century 21 Bayshore ... Real Estate Agency

Suggested Use

Top Pick Auto Repair Shop Spa & Massage Center Pharmacy Auto Parts Store Parking Lot & Garage Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

651
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established dining and entertainment property with live music, arcade games, and a bier garden.
Where is this conventional restaurant located?
The property is located at 111 & 107 W Ludington Ave Ludington, MI.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 11,172‑square‑foot restaurant property built in 1940; Three separate bar areas with distinct atmospheres; Main dining area combines family dining with an old‑world pub setting
More about this property
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