Property summary
This exceptional 8,400-square-foot auditorium, situated on a 0.241-acre lot in downtown Ludington, Michigan, presents a unique investment opportunity. Currently vacant, this property offers immense potential for a variety of commercial uses. Built in 1924, the building is zoned MC and boasts a substantial footprint, ideal for adaptive reuse. The asking price is $225,000, translating to $26.79 per square foot. Located in Ludington's vibrant entertainment district, this property benefits from its prime location within one of Michigan's charming tourist towns. The property's size and central location make it an attractive prospect for entrepreneurs seeking a prominent space in a thriving community. The single-unit building offers 8,400 square feet of net rentable space, providing ample room for development and customization. The property's parcel number is 051-541-003-00. This is an owner/user investment opportunity with significant upside potential in a desirable location. The property's history and character offer a unique blend of vintage charm and modern adaptability. This is a rare chance to acquire a substantial commercial property in a growing Michigan tourist destination.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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