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    501 3Rd St Ludington, MI 49431

    Sponsored
    For Sale
    $390,000

    Prime Ludington religious property, 13,355 SF.

    Property size:
    13,355 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 501-509 Third Street in Ludington, Michigan, presents a unique investment opportunity. The complex comprises three buildings totaling 13,355 square feet on a 0.96-acre lot with frontage on three streets. The main church building, constructed in 1955, offers 8,730 square feet of space, including a 625-square-foot garage, and has seating for 300 people. A notable feature is the remaining Rogers brand organ. A newer boiler system, installed in 1986, ensures efficient heating. Additionally, a 4,000-square-foot hall, built in 1980, provides ample space with seating for 425. This hall complements the main church building, offering versatile usage potential. The property includes 60 parking spaces, adding significant convenience. The entire complex is in excellent condition, presenting a turnkey opportunity for various uses. The property's APN is 051-418-006-00. The asking price is $390,000, with a price per square foot of $29.20. This property is zoned as Office and Special Purpose.

    Property Features for 501 3Rd St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    13,355 SF
    Lot Size
    41,818 SF

    Building Details

    Year Built
    1955
    Buildings
    3

    HighLights

    • 13,355 SF total across three buildings.
    • 1955 church building, 8,730 SF plus 625 SF garage.
    • 300‑seat sanctuary with original Rogers organ.
    • New boiler installed in 1986.
    • 1980 hall building, 4,000 SF, 425‑seat capacity.
    • Triple street frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.4335867
    Latitude
    43.9446027

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    FAQs

    What type of property is this?
    Church & religious facility - Prime Ludington religious property, 13,355 SF.
    Where is this church & religious facility located?
    The property is located at 501 3Rd St Ludington, MI.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: 13,355 SF total across three buildings.; 1955 church building, 8,730 SF plus 625 SF garage.; 300-seat sanctuary with original Rogers organ.
    Request Owner's contact information
    501 3Rd St 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
    501 3Rd St Ludington, MI 49431
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