3776 Jebavy Dr, Ludington, MI 49431
For Sale
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This exceptional 1.31-acre commercial property in Ludington, Michigan, presents a unique investment opportunity. Located at 3776 N Jebavy Dr, this 1,600 square foot building, constructed in 1949, sits on a sizable lot (approximately 188 x 300 feet, totaling 57,064 square feet) and is currently vacant, offering flexibility for various commercial uses. The property features a single building with seven units, a concrete driveway, and block/concrete exterior. The interior requires renovation, but the prime location on a busy corner ensures high visibility and traffic. Utilities available include cable, electricity, and natural gas. The property utilizes a septic system and well water, with forced-air natural gas heating. The building's foundation is slab, and the roof is composition. Zoned for commercial use, this property is priced at $149,900 ($79.69 per square foot) and offers potential for significant return on investment. Cash and other purchase terms are available. The property is easily accessible and ready for immediate development. This is a rare chance to acquire a substantial commercial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.