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    246 Dowland St Ludington, MI 49431

    Sponsored
    For Sale
    $2,500,000

    Multi-tenant manufacturing/warehouse, 68,601 SF

    Property size:
    68,601 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Ludington, MI industrial property offers 68,601 square feet of versatile manufacturing and warehouse space, strategically situated on a 3.9-acre lot at 246 E Dowland St, 49431. The property comprises three single-story buildings, originally constructed in 1910 and extensively renovated in 1987. The buildings boast 16-18' ceilings, providing ample headroom for various industrial applications. Seven loading docks ensure efficient material handling, complemented by a freight elevator servicing a sizable mezzanine. Office space is included within the existing footprint. The M-1 zoning permits a range of uses, presenting opportunities for redevelopment into mixed-use projects, capitalizing on the property's water view potential. Alternatively, the property is well-suited for continued use as a warehouse or manufacturing facility. The asking price is $2,500,000, translating to $36.44 per square foot. This represents a compelling investment opportunity in a desirable location.

    Property Features for 246 Dowland St

    General Information

    Property type
    Distribution properties
    Square Feet
    68,601 SF
    Lot Size
    169,884 SF

    Building Details

    Year Built/Renovated
    1910/1987
    Buildings
    3
    Stories
    1

    HighLights

    • $2,500,000 asking price for this multi‑tenant industrial property.
    • 68,601 square feet of warehouse/manufacturing space.
    • $36.44 per square foot.
    • 1910 construction, renovated in 1987.
    • Three buildings on a 3.9‑acre lot in Ludington, Michigan.
    • M‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.444062606518
    Latitude
    43.949474655906

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant manufacturing/warehouse, 68,601 SF
    Where is this distribution property located?
    The property is located at 246 Dowland St Ludington, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for this multi-tenant industrial property.; 68,601 square feet of warehouse/manufacturing space.; $36.44 per square foot.
    Request Owner's contact information
    246 Dowland St Ludington, MI 49431
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    Ludington, MI 49431
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    246 Dowland St Ludington, MI 49431
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