4743 US HIGHWAY 10, Ludington

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$2,800,000
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  • Bedrooms  
  • Bathrooms  
  • SQ. FT.  
  • Schools Ludington
  • County Mason
  • Township Ludington
  • Basement  
  • Acreage 24.51
  • Heat Type Forced Air
  • Central Air  
  • Year Built 2006
  • Taxes 28000
  • SEV 651900
  • Zoning  
  • Parcel 53-001-018-086-0 & 53-001-018-086-01
  • Lot Size contact for detail
  •  

Features

Multi-tenant retail portfolio that contains two retail centers on the same parcel. Both buildings were built in 2006 and share a parking lot with direct frontage/access to US-10. Building A is currently 100% occupied with a total of 4 tenants and is approx. 7,875 SF. Building B is currently 58.6% occupied with a total of two (2) tenants and is approx. 18,800 SF, with an approximate vacancy rate of 41.4%. There is plenty of opportunity for a prospective investor to add value by leasing the additional space. Financially, the assets are generating approximately $166,938 in revenue and cash flowing a Net Operating Income of $143,582. Purchase also includes 25+ acres in the back, excellent for redevelopment for hotel, restaurant, retail or mix-use development. Site is right off US-10

Directions US 31 North - take US 10 West to property
Listing Courtesy of Hyuntae Yun - Five Star Real Estate (Casc)

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All information provided is deemed reliable but is not guaranteed and should be independently verified.

Mark WentlandCRB, ABR, ABRM Broker/Owner, Big Rapids Realty, Inc & Reed City Realty, Inc

231-598-4871