Three-Unit Retail
New
For Lease
$12 SF/Yr
225 W Ludington Avenue #Units 31, Ludington, MI 49431
White-box delivery includes drywall, ceilings, electrical, heating and fire suppression.
Space SizeContact for details
Property Size4,704 SF
Days on Market3
Property Features for 225 W Ludington Avenue #Units 31
General Information
Standard status
Active
Size
4,704 SF
Zoning
CBD
Lease Term
5 year
Property Condition
Severity
Repairs Needed
Evidence
Currently unfinished
Space & Availability
Space Use
Office
Condition
Shell
Sublease
No
Additional Details
Lease Term
60 months
Sprinkler System
Yes
Amenities
white box finish
Building Details
Building Size
4,704 SF
Year Built
2018
Buildings
1
Listing Agency:
GREENRIDGE Realty Ludington
(231) 843-6868
Listed By:
Bob Budreau · License #6502356674
(231) 690-8127
Source:
Buskardgroup
Added: Oct 22
Last Checked: Oct 22 at 2:32PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three retail suites totaling 4,704 SF are available in the Ludington DDA. The spaces are unfinished, with the owner providing a white-box buildout that includes drywall, ceilings, electrical, heating and fire suppression, plus a flooring allowance. Tenants are responsible for customizing their suites. The property was built in 2018 and is zoned CBD.
Lease terms include an initial five-year term and a five-year extension. Tenants pay their own utilities, with no additional CAM charge.
Lease terms include an initial five-year term and a five-year extension. Tenants pay their own utilities, with no additional CAM charge.
Key Highlights
- Three separate retail suites totaling 4,704 SF
- Owner‑provided white‑box finish includes drywall, ceilings, electrical, heating and fire suppression
- Flooring allowance provided; tenants handle suite customization
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Ludington, MI
$10.24 /SF/Yr
Avg Asking Price
$7.95–$12 /SF/Yr
Price Range
24,331 SF
Avg Space Size
This space is priced 17% above the average of $10.24 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - White-box delivery includes 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 is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Three separate retail suites totaling 4,704 SF; Owner‑provided white‑box finish includes drywall, ceilings, electrical, heating and fire suppression; Flooring allowance provided; tenants handle suite customization
