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Multi-Unit Office Building
For Sale
$975,000

Ludington, MI 49431, Ludington, MI 49431

Commercial Sale, Ludington, MI

Property Size7,200 SF
Lot Size2.44 Acres
Price / SF$135.42
Days on Market475

Property Features

General Information

Property type Commercial Sale
Property subtype Office
Zoning description C-1
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 5
Parking 49
Interior features Broadband
Elementary school district Ludington
Middle school district Ludington
High school district Ludington
Directions From US-10: N on Jebavy. Property on the left just after Rehab Center & before Vet Clinic.
Subdivision MasonOceanaManistee - O
Standard status Active
Size 7,200 SF
Lot size 2.44 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SECTION 14, T18N, R18W. A PARCEL OF LAND IN THE NORTHEAST 1/4 OF SECTION 14, TOWN 18 NORTH, RANGE 18 WEST, PERE MARQUET
Tax Annual Amount 5912
Legal Description SECTION 14, T18N, R18W. A PARCEL OF LAND IN THE NORTHEAST 1/4 OF SECTION 14, TOWN 18 NORTH, RANGE 18 WEST, PERE MARQUET

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1990
Number of units 4
Building materials Vinyl Siding, Brick
Roof type Composition
Listing Agency: GREENRIDGE Realty Ludington
Listed By: Bob Budreau · License #6502356674
Added: Jun 19, 2025 Changed: Sep 16 Last Checked: Oct 6 at 12:06AM
MLS# 25029686

Copyright © 2026 Michigan Regional Information Center, LLC. 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.

The property contains three office units totaling 7,200 square feet, with each unit measuring 2,400 square feet. All three units are fully rented. The building was constructed in 1990 and includes six bathrooms, broadband, and cable availability. Construction features vinyl siding and brick, along with a composition roof.

Building systems include forced-air heating and central air conditioning. The property is located in Ludington, Michigan, in ZIP Code 49431. Its three-unit office configuration provides separate commercial spaces within one building, with existing bathrooms, heating, cooling, and communications-related features already present.

Key Highlights

  • Three office units totaling 7,200 square feet
  • Each unit measures 2,400 square feet
  • All three units are fully rented

Property Analytics

Current Use

Office buildings

Lease Details

3
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

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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Frequently Asked Questions

What type of property is this?
Office building - Fully occupied office property with central air, forced-air heating, broadband, and cable availability.
Where is this office building located?
The property is located at Ludington, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three office units totaling 7,200 square feet; Each unit measures 2,400 square feet; All three units are fully rented
More about this property
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