Listing Agency: Five Star Real Estate (Main) m***@gmail.com Show Phone

Listed By: Chad Haskin Show Phone

Source: Exprealty

Added: Aug 24 Changed: Aug 31 Last Checked: Aug 31 at 8:49AM

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Investment Insights

Based on property information with market context.

This flex space suite combines a freshly updated office area with substantial mezzanine storage. The configuration provides both finished administrative space and additional overhead storage within the same commercial unit.

The property is located in Ludington Railside Business Park at 5111 E Ludington Ave in Ludington, Michigan, directly across from the fairgrounds. Lease terms range from 12 to 48 months. The suite is served by single-phase power at 220 volts.

Key Highlights

• Freshly updated office area
• Mezzanine storage space
• Located in Ludington Railside Business Park

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Dental Office Auto Repair Shop Spa & Massage Center Parking Lot & Garage HVAC Service

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

Lease Details

NNN (Triple Net)

Lease Type

$1.71 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

632

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Updated office space and mezzanine storage provide a practical configuration for flexible commercial operations.

Where is this flex space located?

The property is located at 5111 E Ludington Ave Ludington, MI.

What is the lease rate?

The lease rate is $11.39 SF/Yr.

What are key features of this property?

This property features: Freshly updated office area; Mezzanine storage space; Located in Ludington Railside Business Park