Established Retail Business
816 Ludington Street, Escanaba, MI 49829
COMMERCIAL - Escanaba, MI
Property size:
1,834 SFLot size:
0.32 AcresPrice / SF:
$136/SF- Added:
- Feb 2, 2026
- Days on Market:
- 108
- Last Refresh:
- May 21 at 10:06 pm
Property Features for 816 Ludington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,834 SF
- Lot size
- 0.32 Acres
Utilities
- Water source
- Public
Listing agent LORI RYMKOS License #UPAR (906) 280-3165
Listing office PREMIER REAL ESTATE, INC. 118 N 22ND STREET, Escanaba, MI (906) 786-5030
Listing date Feb 2, 2026
MLS# 50198737
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.
HighLights
- Well‑established specialty retail business with excellent reputation.
- Largest bra selection in the Upper Peninsula (UP), carrying a wide range of sizes (AA through 56 O cup).
- Includes all inventory and store fixtures, offering an immediate income‑producing operation.
- Fully staffed with experienced manager and employee willing to remain, providing a turnkey opportunity.
- Strong referral base from medical providers and repeat clientele.
- Two locations (main and satellite in Houghton) providing strong regional reach throughout the UP.
Overview
This is an opportunity to own a well-established specialty retail business, operating for 20 years with a strong reputation and loyal customer base throughout the Upper Peninsula. The business includes a main location in Escanaba and a satellite location in Houghton, providing regional reach. The store features a large bra selection, carrying up to 8,500 bras in inventory with sizing from AA through 56 O cup, serving a range of specialty and medical fit needs. Product offerings include bras, wigs and hair accessories, swimsuits, stylish bandanas and headwear, lingerie and underwear, and specialty footwear. The store also carries a curated selection of adult wellness and intimacy products, including accessories and personal care items. The business is fully staffed with one experienced manager and one employee. The property is situated on a 0.32-acre lot and the building size is 1,834 square feet. The business accepts most insurance providers and includes all inventory and store fixtures. It has a strong referral base from medical providers and repeat clientele, with established brand recognition throughout the UP. This is an immediate income-producing operation, suitable for an owner-operator or investor seeking a retail and medical-support business with expansion potential. The business can add C-Pap machine sales and other DME products.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$175.7K
NOI $15,810 @ 9.00% cap · cautious / downside scenario
Moderate
$225.9K
NOI $15,810 @ 7.00% cap · market / base-case scenario
Aggressive
$316.2K
NOI $15,810 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $15.00 |
| − Vacancy | −$4.9k | −$2.69 |
| EGI | $22.6k | $12.32 |
| − OpEx | −$6.8k | −$3.69 |
| NOI | $15.8k | $8.62 |
1,834 SF · lease $15.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$225.9K
$197.6K – $263.5K
NOI $15,810 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.0K
$314.1K – $418.9K
NOI $25,131 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Escanaba Fit Body ...
Gym & Fitness Center
U P Bra's ...
(Bike/Boat/Book/etc) Store
Burkhart, Lewandowski, Miller ...
Law Firm
Location Insight
- Map
- Local Demand
- City
- Escanaba
- County
- Delta
- State
- Michigan
- Longitude
- -87.059341
- Latitude
- 45.746059
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Well-established retail business with excellent reputation and loyal customer base.
Where is this retail space located?
The property is located at 816 Ludington Street Escanaba, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Well‑established specialty retail business with excellent reputation.; Largest bra selection in the Upper Peninsula (UP), carrying a wide range of sizes (AA through 56 O cup).; Includes all inventory and store fixtures, offering an immediate income‑producing operation.
