$1,350,000
Ludington, MI 49431
MLS# 23030749
12500 sqft
1 / 1
Property Description
Investment Property for Sale. Marketplace Center is a four suite, 12,500 square foot commercial building located on US-10 in Ludington, MI. The property sits adjacent to high traffic businesses such as Home Depot, AMC Classic Theater, Applebee's Grill + Bar, Ludington Meat Company and is directly across the street from Meijer and the future Hobby Lobby (approved June 2023). With its location on US-10, Marketplace Center has great access to downtown Ludington, the Lake Michigan shoreline, and all points north and south via US-31. The tenants of Marketplace Center enjoy the use of a large pylon sign on US-10 and access to ample parking. The Rent Roll is diversified into a mix of professional office, retail, professional service and medical/physical therapy.
Details
Maps
Location & Property Info
County: Mason
Street #: 3841
Street Name: US 10
State: MI
Zip Code: 49431
Cross Streets: S Brye, Dennis Rd
Property Sub-Type: Retail/Commercial
Area: MasonOceanaManistee - O
Municipality: Amber Twp
Office/Contract Info
Status: Active
Current Price: $1,350,000
List Price: $1,350,000
Auction or For Sale: For Sale
List Price/SqFt: 108
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2023-08-18
Current Bldg Use: 100% occupied office, therapy, retail, service
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 1
Lot Square Footage: 43560
Lot Dimensions: 125 x 335 x 75 x 76 x 360
Year Built: 2005
Road Frontage: 125
Total # Units: 4
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 12500
Full Baths: 4
Waterfront: No
School District: Ludington
Tax Info
Tax ID #: 53-001-017-035-02
Taxable Value: 320194
SEV: 320194
For Tax Year: 2023
Annual Property Tax: 14700
Tax Year: 2023
Spec Assessment & Type: na
Remarks & Misc
Legal: lengthy legal with listing agent
Directions: From the intersection of US-31 and Highway 10, go East on 10. Property is just past S Brye Rd on the S side of US 10. Property is just east of The Home Depot and AMC Classic Ludington 8 Theater.
Property Features
Uses: Professional Service; Professional/Office; Retail
Ownership: LLC
Business Includes: Other
Construction Type: Block; Steel
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at St: Broadband; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Purchase Terms Avail: Cash
Sale Conditions: None
Listing Office: Liv Communities, LLC
Listing Agent: Charles May
Last Updated: August - 20 - 2023
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