502 Loomis St, Ludington, MI 49431-2068

This established Ludington, MI restaurant presents a unique owner/user investment opportunity. The 6,980 square foot building, situated on a 0.64-acre lot (APN: 53-051-105-260-00), is currently vacant and available for occupancy March 15, 2024. Built in 1988, this single-story structure boasts a Class C resort license and is meticulously furnished, including a well-appointed bar and private dining rooms. The property features up-to-date technology and an upscale ambiance, ideal for various events, from intimate dinners to large corporate gatherings. Its prime location in Ludington, overlooking the marina and Lake Michigan, provides an iconic destination for waterfront dining. The asking price is $1,300,000 ($186.25/sq ft), and the permitted zoning is WM-2. This turnkey operation is ready for a new owner to capitalize on its established reputation and prime location. The property consists of one unit within a single building. This is an exceptional opportunity to acquire a well-established restaurant with significant potential for growth in a desirable lakeside location. The property is zoned WM-2 and is ready for immediate occupancy.