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    Escanaba, MI
    Medical Premises

    Escanaba, MI Medical Office Space for Sale

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    Wells, MI Gladstone, MI Rapid River, MI Bark River, MI Cornell, MI Perkins, MI Garden, MI Perronville, MI
    Multi-Floor Office Building with Elevator
    Updated: Apr 17
    Multi-Floor Office Building with Elevator

    1211 Ludington Street, Escanaba, MI 49829

    $475,000
    5,271 sqft 0.26 AC lot
    5,200 sqft commercial office building - ideal for professional services, medical use, or investment.
    Includes a 50'x160' parking lot with black top and a spacious garage with electric.
    Features an elevator servicing the first and second floors.
    Main floor offers 6 private offices and significant open space.
    Upstairs includes an impressive conference room with views, a kitchen, and bathrooms.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1211 Ludington Street, Escanaba, MI 49829

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $42K
      Annual

    • Price @ 7% Cap

      $599K
      Above asking

    • Last Sold

      Sep 2008
      $150K
    View Property Analytics
    Multi-Floor Office Building with Elevator
    Updated: Apr 15
    Multi-Floor Office Building with Elevator

    1211 Ludington Street Unit SourceFi, Escanaba, MI 49829

    $475,000
    5,271 sqft
    Well‑maintained 5,200 sq ft commercial office building built in 1946
    Main floor has an accessible front entrance with stairs and a ramp
    Includes 6 private offices plus open space for cubicles or future buildouts
    Elevator services the first and second floors; extra‑wide staircase connects basement, first, and second floors
    Upstairs conference room with views over Ludington Street, plus staff kitchen, 1 half bath and 1 full bath
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Escanaba, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Office and Residential Property
    Mixed-Use Office and Residential Property

    417 Washington Avenue, Iron River, MI 49935

    $425,000
    6,237 sqft 0.18 AC lot

    Barrier-free main-level office space includes exam rooms and offices, with two apartments above and basement storage.

    View details
    COMMERCIAL - Iron River, MI
    COMMERCIAL - Iron River, MI

    417 Washington Ave, Iron River, MI 49935

    $425,000
    6,237 sqft 0.18 AC lot

    4,158 sq ft commercial/residential property with income potential.

    View details
    Standalone Office Building with Vault
    Standalone Office Building with Vault

    6536 N M-66 Highway, Charlevoix, MI 49720

    $399,000
    2,500 sqft 0.52 AC lot

    A turn-key office building with private offices, conference room, lobby, and secure walk-in vault.

    View details
    Downtown Office Suite with Elevator
    Downtown Office Suite with Elevator

    201 State St Unit: 10, Charlevoix, MI 49720

    Contact for pricing

    Corner office suite with private conference room and break room, plus storage and onsite parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Parcel
    Commercial Land Parcel

    V/L Zimmerman Road, Traverse City, MI 49685

    $145,000
    1.48 AC lot

    1.48-acre commercial land with municipal water and sewer, supporting a range of office, medical, service, and retail uses under PUD zoning.

    View details
    Approved Office Pad in Professional Center
    Approved Office Pad in Professional Center

    4240 Copper View, Traverse City, MI 49684

    $1,495,000
    30,000 sqft

    Land parcel approved for a 30,000-square-foot office building with a basement parking garage.

    View details
    Commercial Lot in Growing District
    Commercial Lot in Growing District

    NAVAJO ST lot: 5, Rhinelander, WI 54501

    $457,380
    1.50 AC lot

    Commercial lot in Rhinelander's Quarry Professional Business Park.

    View details
    Cadillac Vacant Development Land
    Cadillac Vacant Development Land

    8072 S Mackinaw Trail, Cadillac, MI 49601

    $299,000
    5.98 AC lot

    6 acres of vacant land ready for development in Cadillac.

    View details

    Escanaba, MI Medical Office Space Market Trends and Statistics

    Explore 2 medical office space for sale in Escanaba, MI on our real estate platform. These investment opportunities span a total of 10,542 square feet of properties for sale, with an estimated market value of $950,000.

    Sale prices for medical spaces in Escanaba, MI average $475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 5
    Office Units 4
    Medical Office Space 3

    Demographics Overview

    Population 17K
    Population Growth (5Y) -0.5%
    Median Household Income $45,808
    College Educated 23.9%

    High-Yield Neighborhoods for Investment

    Identify Escanaba submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49829 $475K

    Taxes & Financing

    Tax Rate (average for all types) 4.91%
    Property Tax per SF $85.03 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Delta County

    New Delisted

    Total CRE Inventory on Market (SF)

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