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Property profile & analytics
FOR SALE
Commercial land

94 N Meyers Rd Ludington, MI 49431

1.08 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US43-4508690
Property summary
AI-generated overview

This 1.08-acre commercial land parcel, identified as APN 001-018-061-03, is situated at 94 N Meyers Rd Parcel "C" in Ludington, Michigan, 49431. Zoned C-1 Highway Commercial, it offers excellent visibility and accessibility, located just north of a lighted intersection on US-10, between Walmart and Lowe's. The property benefits from its proximity to numerous national chain restaurants, retail stores, banks, storage facilities, and RV parks. Permitted uses under the current zoning include personal services, vehicle and retail sales, indoor recreation, professional office space, clinics, banks, and restaurants. However, any intended use is subject to Mason County Zoning approval. While Parcels "A" and "B" have frontage on N. Meyers Rd and John Harlan Dr., this Parcel "C" offers frontage on John Harlan Dr. The land is newly cleared and presents a unique opportunity for development in a thriving commercial area. The asking price for this strategically located parcel is $119,000. The property is owned by an LLC.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.08 ac (47,045 SF)
APN 001-018-061-01
UPID US43-4508690
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
JR Meyers LLC · 4 yrs held
JR Meyers LLC
since 2022
1 recorded transaction
2022
$95,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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