Technical
Financial
Distress signals
Property profile

246 Dowland St Ludington, MI 49431

OFF-MARKET
Industrial properties
Property ID
US43-4120728
0.35 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 0.35 ac (15,246 SF)
APN 051-583-001-00
UPID US43-4120728

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

246 Dowland St Ludington, MI 49431-2309
Ludington metro Census 950500 LUDINGTON, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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