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    Ludington, MI Multifamily Properties for Sale

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    Turnkey Restaurant and Income Property
    Updated: Apr 17
    Turnkey Restaurant and Income Property

    121 & 125 S James Street, Ludington, MI 49431

    $899,000
    8,208 sqft 0.11 AC lot
    Turnkey restaurant and real estate investment in downtown Ludington, including the established Blu Moon business, Class C liquor license, and all furniture, fixtures, and equipment.
    Prime downtown location with high visibility and multiple income streams from the restaurant and three rental apartments (one 2‑bedroom and two 1‑bedroom).
    Unique rooftop patio with wet bar, kitchen space, restrooms, and varied seating, offering additional revenue potential and a distinctive guest experience.
    Lower‑level patio access via roll‑up garage door, suitable for seasonal service or private events.
    Established business with strong local following, name recognition, and phone number included.
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    Well-Maintained Duplex Income Property
    Updated: Jun 5
    Well-Maintained Duplex Income Property

    602 Fifth Street, Ludington, MI 49431

    $250,000
    0.19 AC lot
    Well‑maintained duplex with two separate 2‑bedroom, 1‑bath units
    Lower unit includes living room, dining room, large kitchen, and basement access with laundry area plus storage
    Upper unit features a similar spacious layout with kitchen/dining area and roomy bedrooms
    Separate electric and gas meters; tenant pays utilities and owner pays water/sewer
    Vinyl siding; some replacement windows; roof is approximately 4 years old (composition roof)
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    Shared Well and Septic Duplex
    Shared Well and Septic Duplex

    6105 N Grace Avenue, Ludington, MI 49431

    $339,000
    0.40 AC lot

    Two-residence duplex offering shared well and septic under one tax ID, with recent roof replacement and updated laundry systems.

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    Ludington Multifamily Investment Opportunity
    Ludington Multifamily Investment Opportunity

    210 N Lavinia St, Ludington, MI 49431

    $450,000
    0.39 AC lot

    Four-unit property near downtown and beach with steady income.

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    Duplex with Two Updated Units
    Duplex with Two Updated Units

    504 E Dowland Street, Ludington, MI 49431

    $325,000
    0.08 AC lot

    Duplex offers two 3-bedroom, 1-bath homes with laundry hook-ups and multiple recent updates.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    208 S Washington Avenue, Ludington, MI 49431

    $194,900
    0.17 AC lot

    Well maintained duplex with two one-bedroom units, a shared backyard, and alley access for three off-street parking spaces.

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    Ludington Multifamily Investment Opportunity
    Ludington Multifamily Investment Opportunity

    210 N Lavinia Street, Ludington, MI 49431

    $450,000
    0.39 AC lot

    Four-unit property near downtown and beach with steady income.

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    Duplex With Updated Units
    Duplex With Updated Units

    504 E Dowland St, Ludington, MI 49431

    $325,000

    Duplex with two 3-bedroom, 1-bath units, laundry hookups, and recent exterior and kitchen upgrades.

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    Ludington Multifamily Property For Sale
    Ludington Multifamily Property For Sale

    604 E Filer Street, Ludington, MI 49431

    $199,900
    0.19 AC lot

    Multifamily property with income potential near downtown Ludington, Michigan.

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    Ludington Multifamily Near Marina
    Ludington Multifamily Near Marina

    706 W Loomis Street, Ludington, MI 49431

    $438,000
    0.19 AC lot

    Two-unit property near the beach and downtown Ludington.

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    Downtown Ludington Condo with Deck
    Downtown Ludington Condo with Deck

    200 S Robert #54, Ludington, MI 49431

    $428,000

    Condo in the heart of downtown Ludington with great accessibility.

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    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 11 Active listings in Ludington, 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.

    Scottville Commercial Property with Apartment
    Scottville Commercial Property with Apartment

    120 Main Street N, Scottville, MI 49454

    $339,900
    1,800 sqft 0.51 AC lot

    Commercial space with apartment and vacant lot in Scottville, MI.

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    Mixed-Use Property with Business Opportunity
    Mixed-Use Property with Business Opportunity

    120 Main Street N, Scottville, MI 49454

    $339,900
    1,800 sqft

    Retail space with apartment and vacant lot for sale.

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    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    221 5th Street, Manistee, MI 49660

    $149,000
    0.11 AC lot

    Multi-purpose building combining two upper rental units, a ground-floor retail space, and enclosed parking for tenant convenience.

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    Manistee Triplex Renovation Opportunity
    Manistee Triplex Renovation Opportunity

    822 Vine Street, Manistee, MI 49660

    $68,000
    0.11 AC lot

    Triplex renovation project with income potential in Manistee, Michigan.

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    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.

    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

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    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

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    Private Campground Lot with Hookups
    Private Campground Lot with Hookups

    4537 Pine Run, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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    Ludington, MI Multifamily Properties Market Trends and Statistics

    Explore 11 multifamily properties for sale in Ludington, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 8,208 square feet of properties for sale, with an estimated market value of $899,000.

    Sale prices for multifamily properties in Ludington, MI start at $899,000, averaging $899,000, and reaching up to $899,000 — 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

    Duplexes 6
    Short term rental properties 3
    Quadplexes 2
    Triplexes 2
    Apartment buildings 1

    Demographics Overview

    Population 17K
    Population Growth (5Y) -2.2%
    Median Household Income $63,313
    College Educated 41.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49431 $379.1K

    Listings Trend

    New vs delisted commercial listings in Mason County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Ludington fall within the 10,000 to 25,000 square foot range.

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