Property profile

609 Ludington St Escanaba, MI 49829

OFF-MARKET
Commercial land
Property ID
US43-3715602
0.08 ac lot
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a mixed-use building in downtown Escanaba on a 0.32-acre lot and zoned for commercial use. It contains 19,200 square feet of building area, with four residential units on the upper level and two commercial units on the street level. Two additional vacant half-lots are included and could be used for supplementary parking or future development. The building is located within walking distance of Little Bay De Noc, Ludington Park, and the downtown area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.08 ac (3,485 SF)
APN 051-010-2929-307-005
UPID US43-3715602

Cap rate & NOI

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

Location

609 Ludington St Escanaba, MI 49829-3801
Escanaba metro Census 970900 ESCANABA, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2013
1 recorded transaction
2013
$9,500

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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