Listing Agency: Coldwell Banker Commercial Premier Manistee

Listed By: Michael Cnudde · License #MI

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:17PM

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Investment Insights

Based on property information with market context.

Located at 505 W. Ludington Ave, the property is currently used as a doctor’s office. The site sits 1/4 mile east of the beach and boat launch, while the city marina is one block away. Residential conversion is also identified as a possible future use, offering flexibility beyond the existing medical-office configuration.

Key Highlights

• Current use as a doctor’s office
• 1/4 mile east of the beach and boat launch
• One block from the city marina

Property Analytics

Property Profile

Current Use

Alexander Warnsholz Physician Dr. Raymond D. ... Physician Camilli Sonya C Employment Agency Primary Health Services Medical Clinic

Suggested Use

Top Pick Auto Repair Shop Spa & Massage Center Auto Parts Store Building Supply HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

586

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing doctor’s office near the beach, boat launch, and city marina.

Where is this medical office space located?

The property is located at 505 W Ludington Ave Ludington, MI.

What are key features of this property?

This property features: Current use as a doctor’s office; 1/4 mile east of the beach and boat launch; One block from the city marina