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    246 Dowland St Ludington, MI 49431

    • Industrial properties
    • 0.35 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-4120728
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 246 Dowland St

    Lot size
    0.35 lot acres
    Property type
    Industrial properties
    APN
    051-583-001-00
    APU
    5158300100

    Description

    This exceptional Ludington, MI industrial property offers 68,601 square feet of versatile manufacturing and warehouse space, strategically situated on a 3.9-acre lot at 246 E Dowland St, 49431. The property comprises three single-story buildings, originally constructed in 1910 and extensively renovated in 1987. The buildings boast 16-18' ceilings, providing ample headroom for various industrial applications. Seven loading docks ensure efficient material handling, complemented by a freight elevator servicing a sizable mezzanine. Office space is included within the existing footprint. The M-1 zoning permits a range of uses, presenting opportunities for redevelopment into mixed-use projects, capitalizing on the property's water view potential. Alternatively, the property is well-suited for continued use as a warehouse or manufacturing facility. The asking price is $2,500,000, translating to $36.44 per square foot. This represents a compelling investment opportunity in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $220,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $230,000
      Mixed-Use
      $240,000
      Hospitality
      $250,000
      Educational
      $220,000
      Residential Income
      $195,000
      Energy
      $215,000
      Income-Based Land
      $205,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.4446
    Latitude
    43.949
    CBSA code
    31220
    CBSA name
    LUDINGTON, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $291,300
    $0.00
    $291,300
    -
    $0.00
    $0.00
    $582,600

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    • Value Estimation by Request
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    Similar Nearby for Sale

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    Similar Nearby for Lease

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    246 Dowland St
    Ludington, MI 49431
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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