Escanaba Corner Property with
For Sale
$700,000
1636 Ludington, Escanaba, MI 49829
Mixed-use property featuring a restaurant and auto shop.
Property SizeContact for details
Days on Market156
Property Features for 1636 Ludington
General Information
Standard status
Active
Property subtype
Mixed Use
Building Details
Year Built
1920
Listed By:
Art Van Damme
(906) 553-2722
Source:
Cbcworldwide
Added: Apr 7
Changed: Jul 10
Last Checked: Apr 7 at 8:09PM
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 Art Van Damme
Investment Insights
Based on property information with market context.
Located on the corner of Stephenson and Ludington in Escanaba, this mixed-use property houses two businesses. La Cantina Mexican restaurant occupies part of the building and pays $3200 per month, covering all of their utilities. The restaurant is interested in signing a long-term lease. The restaurant has separate heating and cooling systems. The other part of the building is currently occupied by Novak's used car sales and repair shop, which will be vacating the premises. However, they will be leaving behind a car hoist, a large air compressor, and tire racks. The garage area includes an office, a bathroom, a natural gas heater, and a wood furnace. The repair shop and used car lot could be used as a machine shop or other industrial facility. Additionally, the sale includes two lots located across the alley. The roof over the restaurant was replaced in 2025 with a rubberized sealing at a cost of $40,000.
Key Highlights
- Prime corner location at the intersection of Escanaba, Stephenson, and Ludington.
- Existing tenant provides immediate rental income of $3200/month plus utilities, with potential for a long‑term lease.
- Restaurant roof replaced in 2025 with a $40,000 rubberized sealing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a restaurant and auto shop.
Where is this mixed-use property located?
The property is located at 1636 Ludington Escanaba, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Prime corner location at the intersection of Escanaba, Stephenson, and Ludington.; Existing tenant provides immediate rental income of $3200/month plus utilities, with potential for a long‑term lease.; Restaurant roof replaced in 2025 with a $40,000 rubberized sealing.
