Commercial Building on High-Traffic
For Sale
$350,000
215 N Jebavy Dr, Ludington, MI 49431
3,980 SF commercial building on 0.85A lot, fully rented.
Property Size3,980 SF
Lot Size0.86 Acres
Price / SF$87.94
Days on Market163
Property Features for 215 N Jebavy Dr
General Information
Standard status
Active
Size
3,980 SF
Lot size
0.86 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,603
Building Details
Year Built
1989
Units
3
Listing Agency:
GREENRIDGE Realty Ludington
(231) 690-8127
Listed By:
Bob Budreau · License #6502356674
(231) 690-8127
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 20 at 8:27AM
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 GREENRIDGE Realty Ludington
Investment Insights
Based on property information with market context.
This commercial building features three units and a total area of 3,980 square feet. The property is currently fully rented by a single tenant and is reported to be in excellent condition. Situated on a 0.85-acre lot, the building has 112 feet of frontage on a high-traffic main road. The site includes ample paved parking spaces in the front, with additional space in the back suitable for parking, storage, or expansion. The price per square foot, including the lot and parking, is $88, which is described as well below new construction costs. The property is located in Pere Marquette Charter Township, Mason, MI 49431. The property is suitable for passive income generation.
Key Highlights
- Fully rented, single‑tenant building providing immediate passive income.
- High‑traffic location with 112' of frontage on a main road.
- Ample paved parking in front and additional space in back for parking/storage/expansion.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
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 Retail in Midwest region
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Similar Off Market Nearby
- Bela Floral — 5734 US-10, Ludington, MI 49431
Frequently Asked Questions
What type of property is this?
Storefront property - 3,980 SF commercial building on 0.85A lot, fully rented.
Where is this storefront property located?
The property is located at 215 N Jebavy Dr Ludington, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully rented, single‑tenant building providing immediate passive income.; High‑traffic location with **112' of frontage on a main road.**; Ample paved parking in front and additional space in back for parking/storage/expansion.
