Escanaba Office Space For
For Sale
$375,000
2209 Ludington Road, Escanaba, MI 49829
COMMERCIAL - Escanaba, MI
Property Size2,600 SF
Lot Size0.16 Acres
Price / SF$144.23
Days on Market786
Property Features for 2209 Ludington Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Escanaba (21010)
Standard status
Active
Size
2,600 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
3481
Utilities
Water source
Public
Building Details
Year built
1900
Listing Agency:
KEY REALTY DELTA COUNTY LLC
(906) 233-7455
Listed By:
LUCAS GESTWICKI · License #6501433737
(906) 280-0570
Added: Jun 7, 2024
Changed: May 21
Last Checked: Aug 1 at 7:06AM
MLS# 50144705
Copyright © 2026 Upper Peninsula Association of Realtors. 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.
This commercial property in Escanaba, Michigan, offers 2,800 square feet of office space suitable for sale or lease. The layout includes 10 individual offices, a conference room, and a large entry area designed to accommodate clients and customers. Situated in close proximity to the intersection of US 2/41 and M-35, the property benefits from its location near this highly traveled area, potentially attracting walk-in traffic. The lot size is 0.16 acres.
Key Highlights
- High walk‑in traffic potential due to proximity to US 2/41 and M‑35 intersection.
- 2,800 sq ft of office space.
- Includes 10 individual offices.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $18.00 |
| − Vacancy | −$11.2k | −$4.32 |
| EGI | $35.6k | $13.68 |
| − OpEx | −$8.9k | −$3.42 |
| NOI | $26.7k | $10.26 |
2,600 SF · lease $18.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$381.1K
$333.5K – $444.6K
NOI $26,676 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.0K
$445.4K – $593.8K
NOI $35,628 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 2,800 SF office building near US 2/41 and M-35.
Where is this office units located?
The property is located at 2209 Ludington Road Escanaba, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High walk‑in traffic potential due to proximity to US 2/41 and M‑35 intersection.; 2,800 sq ft of office space.; Includes 10 individual offices.
