Three-Unit Retail
For Sale
Contact for pricing
225 W Ludington Avenue Units 31, Ludington, MI 49431
Unfinished commercial units will receive white-box improvements, including drywall, ceilings, electrical, heating, and fire suppression.
Property SizeContact for details
Days on Market38
Property Features for 225 W Ludington Avenue Units 31
General Information
Standard status
Active
Listing Agency:
GREENRIDGE Realty Ludington
(231) 690-8127
Listed By:
Bob Budreau · License #6502356674
(231) 690-8127
Source:
Blueowlprop
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 30 at 5:23PM
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.
Three separate retail units are available at 225 W Ludington Avenue in Ludington’s DDA. The spaces are currently unfinished, with the owner providing a white-box buildout that includes drywall, ceilings, electrical, heating, fire suppression, and an allowance for flooring. Tenants are responsible for customizing each unit beyond that scope.
Lease terms provide for an initial 5-year term with a 5-year extension option. Each tenant pays utilities directly, and no additional CAM is required. The lease includes a 3% annual rent increase, while terms may be adjusted when extensive upgrades are paired with a long-term lease.
Lease terms provide for an initial 5-year term with a 5-year extension option. Each tenant pays utilities directly, and no additional CAM is required. The lease includes a 3% annual rent increase, while terms may be adjusted when extensive upgrades are paired with a long-term lease.
Key Highlights
- Three separate retail units at 225 W Ludington Avenue
- Owner‑provided white‑box finish with drywall, ceilings, electrical, heating, and fire suppression
- Allowance for flooring included in the white‑box scope
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Unfinished commercial units will receive white-box improvements, including drywall, ceilings, electrical, heating, and fire suppression.
Where is this retail space located?
The property is located at 225 W Ludington Avenue Units 31 Ludington, MI.
What are key features of this property?
This property features: Three separate retail units at 225 W Ludington Avenue; Owner‑provided white‑box finish with drywall, ceilings, electrical, heating, and fire suppression; Allowance for flooring included in the white‑box scope
