501 3Rd St Ludington, MI 49431
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.