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Mixed-Use Brick Building
For Sale
Contact for pricing
Pending

922 Ludington St, Escanaba, MI 49829

Corner property combines a separate commercial storefront with four apartments and dedicated tenant parking across the alley.

Property SizeContact for details
Days on Market143

Property Features for 922 Ludington St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Corner Location Yes

Building Details

Construction brick
Listing Agency: Coldwell Banker Commercial Schmidt, Realtors Escanaba
Listed By: Samantha Skorupski · License #MI
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 7:36PM

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 Coldwell Banker Commercial Schmidt, Realtors Escanaba

Investment Insights

Based on property information with market context.

This mixed-use brick property includes a commercial storefront and four apartments, with two residences on each of the upper and lower levels. The storefront functions independently from the apartments, and basement access is provided through the commercial area. Some restaurant equipment is currently in place, and the seller may consider including it in the sale.

Building improvements include new windows, new exterior doors, and upgraded electric service. The furnace is approximately 10 years old, while an on-demand water heater serves all four apartments. Two apartments have had tenants in place for more than three years, and utilities are included in the monthly apartment rent.

The property occupies a corner at Ludington Street and 10th Street in downtown Escanaba. The sale includes a half lot across the alley that provides tenant parking, including winter parking capacity.

Key Highlights

  • Four apartments: two upper‑level units and two lower‑level units
  • Separate commercial storefront with no apartment access through the space
  • Half lot across the alley included for tenant parking

Property Analytics

Current Use

Grab & Go Restaurant

Suggested Use

Top Pick Grocery & Convenience Store Barber Shop Furniture & Home Goods Electrical Service Plumbing Service Hair Salon

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

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby

Demographics for 49829, MI

17,009
Population
8,729
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
66.8 sq mi
ZIP Area
255
Density / Sq Mi
$45,808
Median Household Income
$31,366
Median Earnings
$667
Median Rent
$139,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner property combines a separate commercial storefront with four apartments and dedicated tenant parking across the alley.
Where is this mixed-use property located?
The property is located at 922 Ludington St Escanaba, MI.
What are key features of this property?
This property features: Four apartments: two upper‑level units and two lower‑level units; Separate commercial storefront with no apartment access through the space; Half lot across the alley included for tenant parking
More about this property
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