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Medical Office Building with Mixed Use Potential
For Sale
$495,000

701 N Washington Avenue, Ludington, MI 49431

Medical/dental office building on a corner lot with protected entry, reception, multiple offices, and 15 parking spaces.

Days on Market72

Property Features for 701 N Washington Avenue

General Information

Standard status Active
Total Parking Spaces 15
Property subtype Commercial

Building Details

Building Size 2,408 SF
Year Built 2003
Buildings 1
Listing Agency: Greenridge Realty S Rath
Listed By: Mary Jo Pung · License #6502373040
Source: Carolbollo
Added: May 21 Changed: Jul 30 Last Checked: Jul 31 at 1:35PM

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 S Rath

Investment Insights

Based on property information with market context.

This medical/dental office building was constructed in 2003 and is currently laid out with a protected entry leading to a spacious reception area. Inside, there is desk space with several workstations behind the desk and glass French doors that open to a private office area with storage shelves and a double sink. The remaining interior includes multiple meeting/patient work spaces, substantial cabinetry for storage and equipment, and two restrooms.

A full basement with an egress window is included and could be finished, providing additional flexibility for future uses. The property also offers 15 parking spaces.

With the property’s “Mixed Use” zoning, the permitted uses include medical/dental offices and professional office, as well as a range of other options such as restaurants, retail, fitness center, event space, and live/work dwelling units.

Key Highlights

  • Built in 2003 as a medical/dental office
  • Reception area plus desk space with several workstations
  • Glass French doors to private office area with storage and double sink

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Computer & Electronic Repair Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store

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

50
Businesses Nearby
Under-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

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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Similar Off Market Nearby

  • Animal Hospital of Ludington 917 E Ludington Ave, Ludington, MI 49431

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical/dental office building on a corner lot with protected entry, reception, multiple offices, and 15 parking spaces.
Where is this medical office space located?
The property is located at 701 N Washington Avenue Ludington, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Built in 2003 as a medical/dental office; Reception area plus desk space with several workstations; Glass French doors to private office area with storage and double sink
More about this property
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