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Industrial Flex Space
For Lease
$775/Mo Modified Gross

5111 US-10, Ludington, MI 49431

Industrial-zoned commercial space with substantial storage and a modified gross lease structure.

Space SizeContact for details
Days on Market53

Property Features for 5111 US-10

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Industrial
Zoning Industrial
Lease Type Modified Gross

Additional Details

Space Use Industrial

Amenities

5 Parking Spaces

Building Details

Year Built 1997
Tenancy Multi-Tenant

Spaces For Lease

at 5111 US-10
Available Space $775/Mo
Contact us
Listing Agency: Five Star Real Estate
Listed By: Chad Haskin
Source: Carwm.resimplifi
Added: Aug 24 Changed: Oct 10 Last Checked: Oct 14 at 7:40PM

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 Five Star Real Estate

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Investment Insights

Based on property information with market context.

This 9,600-square-foot flex property was built in 1997 and offers industrial-zoned commercial space with substantial storage capacity. The building includes two suites, providing separate leasing options within the property.

Located at 5111 US-10 in Ludington’s Railside Business Park, the property offers convenient vehicle access for daily business operations. Lease terms are structured on a modified gross basis with no CAM charges.

Key Highlights

  • 9,600‑square‑foot flex space
  • Industrial zoning
  • Two suites available

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store HVAC Service Electrical 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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

228
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Ludington, MI

$9.1 /SF/Yr
Avg Asking Price
$7–$11.39 /SF/Yr
Price Range
8,122 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Flex space - Industrial-zoned commercial space with substantial storage and a modified gross lease structure.
Where is this flex space located?
The property is located at 5111 US-10 Ludington, MI.
What is the lease rate?
The lease rate is $775/Mo.
What are key features of this property?
This property features: 9,600‑square‑foot flex space; Industrial zoning; Two suites available
More about this property
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