Downtown Restaurant and Rental
For Sale
$899,000
121 & 125 S James Street, Ludington, MI 49431
COMMERCIAL - Ludington, MI
Property Size8,208 SF
Lot Size0.11 Acres
Price / SF$109.53
Days on Market121
Property Features for 121 & 125 S James Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
F-DC
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Basement, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 7
Interior features
Broadband
Elementary school
Ludington Elementary School
Middle school
Oj Dejonge Middle School
High school
Ludington High School
Elementary school district
Ludington
Middle school district
Ludington
High school district
Ludington
Directions
From US 10 / Ludington Ave to S James St, South on James St to property on East side of road
Standard status
Active
APN
53-051-225-155-00 & 53-051-225-156-00
Size
8,208 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See lengthy legal on file in documents
Tax Annual Amount
9630
Legal Description
See lengthy legal on file in documents
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
wet bar
full dry basement
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Roof type
Rubber
Listing Agency:
Greenridge Realty S Rath
(231) 843-6868
Listed By:
Debby Stevenson · License #6502347161
(231) 510-5727
Added: Apr 17
Changed: Aug 5
Last Checked: Aug 15 at 8:06AM
MLS# 26016341
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
A turnkey downtown property offering an operating restaurant/bar along with rental income. The sale includes the Blu Moon business name, phone number, established book of business, and all furniture, fixtures, and equipment. The restaurant includes multiple service areas, featuring a rooftop patio with a wet bar, kitchen space, and restrooms, with a mix of open-air and covered seating.
The lower level provides roll-up garage door access that opens directly to an outdoor patio along James Street. In addition to the restaurant, the property includes one 2-bedroom and two 1-bedroom rental apartments of varying sizes, supported by a full, dry basement that may provide additional usable or storage space. The building is situated on two parcels: 121 and 125 S. James St. Buyer to verify all information.
The lower level provides roll-up garage door access that opens directly to an outdoor patio along James Street. In addition to the restaurant, the property includes one 2-bedroom and two 1-bedroom rental apartments of varying sizes, supported by a full, dry basement that may provide additional usable or storage space. The building is situated on two parcels: 121 and 125 S. James St. Buyer to verify all information.
Key Highlights
- Downtown Ludington restaurant and rental property on two parcels: 121 & 125 S. James St
- Roof rubber; brick construction with forced‑air heat and central air
- Restaurant includes multiple service areas plus rooftop patio with wet bar, kitchen space, restrooms, and open‑air/covered seating
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with rooftop patio and multiple service areas, plus three rental apartments on two parcels.
Where is this conventional restaurant located?
The property is located at 121 & 125 S James Street Ludington, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Downtown Ludington restaurant and rental property on two parcels: 121 & 125 S. James St; Roof rubber; brick construction with forced‑air heat and central air; Restaurant includes multiple service areas plus rooftop patio with wet bar, kitchen space, restrooms, and open‑air/covered seating
