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Historic Office Building with Elevator
For Sale
$625,000

524 Ludington Street, Escanaba, MI 49829

COMMERCIAL - Escanaba, MI

Property Size25,528 SF
Lot Size0.72 Acres
Price / SF$24.48
Days on Market8

Property Features for 524 Ludington Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Parking features Parking Lot
Lot features Main Street
Subdivision Escanaba (21010)
Standard status Active
Size 25,528 SF
Lot size 0.72 Acres

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 14427

Utilities

Heating system Forced Air, Hot Water(Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1908
Listing Agency: PREMIER REAL ESTATE, INC.
Listed By: LORI RYMKOS · License #UPAR
Added: Aug 14 Changed: Aug 17 Last Checked: Aug 21 at 1:06AM
MLS# 50218725

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1908, this office building at 524 Ludington Street provides 25,528 square feet across three stories and a finished basement. An elevator serves all four levels, while the interior includes finished office areas suitable for continued professional use or reconfiguration. Central air, forced-air and hot-water heating, and public water are in place.

The property occupies 0.72 acres in downtown Escanaba, with a side parking area and additional parking at the rear. Many offices have views toward Ludington Park and Lake Michigan. Commercial zoning supports its current office classification, while the building’s scale and multi-level layout provide a substantial downtown office asset.

Key Highlights

  • 25,528 square feet of finished office space
  • Three‑story building with a finished basement
  • Elevator access to all four levels

Property Analytics

Current Use

Law Office of Michael ... Law Firm Maki Law Law Firm Victory Video and Photography Photography Service WCHT Radio Station Wupf Radio Station

Suggested Use

Top Pick Grocery & Convenience Store Plumbing Service Barber Shop Furniture & Home Goods Computer & Electronic Repair 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.

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby

Demographics for 49829, MI

17,009
Population
8,729
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
66.8 sq mi
ZIP Area
255
Density / Sq Mi
$45,808
Median Household Income
$31,366
Median Earnings
$667
Median Rent
$139,000
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
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office property with a finished basement, central air, and on-site parking.
Where is this office building located?
The property is located at 524 Ludington Street Escanaba, MI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 25,528 square feet of finished office space; Three‑story building with a finished basement; Elevator access to all four levels
More about this property
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