Commercial property in Ludington, MI

About this property

THREE 2,400 SF COMMERCIAL BUSINESS RENTALS - Each unit is fully rented and in excellent condition. Plaza has an abundance of parking spaces and plenty of room to build more units if needed. Units have had a high occupancy percentage with little down time between tenants. Price per SQFT of building including the 2.4A lot and paved parking is $135/SQFT. Well below new construction costs. As a landlord, this could be a good choice for a passive income.

Property details

MLS #

25029686

Status

Active

Property type

Commercial Sale

Sub type

Office

County

Mason

Township

Pere Marquette Twp

Year built

1990

Lot size

2.44 ac

Waterfront

No

Interior

Heating

Forced Air

Cooling

Central Air

Total building area

7,200 sq ft

Exterior

Construction

Brick, Vinyl Siding

Roof

Composition

Foundation

Slab

Lot and water

Lot size

106,286 sq ft

Road surface

Paved

Zoning

C-1

Utilities

Water source

Public Water

Utilities

Electricity Connected, Natural Gas Connected, Phone Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available

Taxes

Annual taxes

$5,912

Tax year

2024

Schools

School district

Ludington

More

New construction

No