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Property profile & analytics
OFF-MARKET
Specialty properties

501 3Rd St Ludington, MI 49431

13,355 SF 0.96 ac lot Built 1955
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Year built 1955
Total area 13,355 SF
Lot 0.96 ac (41,818 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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