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Property profile & analytics

1166 Rath Ave Ludington, MI 49431-1029

  • Commercial real estate
  • 2.64 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-3139531
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

  • Ludington Athletic Club / Gym & Fitness Center
  • Health & Racquet Club / Gym & Fitness Center
  • Letha Fulton School of Dance / Training Center

Property Details for 1166 Rath Ave

Lot size
2.64 lot acres
Property type
Commercial real estate
APN
010-010-200-010-00
APU
1001020001000

Description

This exceptional 12,635 square foot industrial property, situated on a generous 2.5-acre lot at 1166 N Rath in Ludington, Michigan, presents a unique investment opportunity. Currently configured to accommodate diverse uses, the building boasts a rich history. Previously a racquetball club, it has successfully served as a 24-hour fitness center, dance studio (a 2,000 sq ft space with air conditioning and ample natural light), gymnastics facility, and physical therapy practice. Four of the studio spaces are notable for their two-story design, featuring spectator windows – a feature easily adaptable for expanded training areas or additional floor space. The upper level includes a sizable 50x33 foot room, currently used for gymnastics, and a smaller room suitable for physical therapy or massage therapy. The property's versatility is further enhanced by its zoning. In April 2023, Mason County's planning department designated this property as "Neighborhood Commercial" within their comprehensive plan, opening doors to a wider range of potential uses. This prime Ludington location offers significant advantages for a variety of businesses seeking a spacious and adaptable facility. The building is clean and well-maintained, ready for immediate occupancy or customized renovations to suit your specific needs. Priced at $499,000, this property represents a compelling investment in a thriving community.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Ludington
County
Mason
State
Michigan
Longitude
-86.4483
Latitude
43.9714
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
$123,300
$0.00
$123,300
-
$0.00
$0.00
$246,600
More about this property
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