4743 US HIGHWAY 10, Ludington, MI 49431 (MLS # 18056185)

Price $2,800,000
Status Active
Size 18,800 sq ft
Lot Size 33.21 ac
Days on Market 16
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
Property Type(s): Commercial
Last Updated 11/26/2018 Tract Ludington
Year Built 2006 Community O51 - Ludington
County Mason

SCHOOLS

School District Ludington

Additional Details

AREA O51 - Ludington
HEAT Electric, Forced Air, Natural Gas
LOT 33.2100 acre(s)
LOT DIMENSIONS contact for detail
SEWER Public
STYLE Retail/ Commercial
SUBDIVISION Ludington
TAXES 28000.00
UTILITIES Cable,Electric,Natural Gas,Telephone
WATER Public

Location

 

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Listing provided by Five Star Real Estate (Casc), Tae Yun

Copyright 2018 MichRIC, LLC. All rights reserved.

Updated 12/11/18 3:15 PM PST

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