$5,100,000
Ludington, MI 49431
MLS# 24030694
43 baths | 4000 sqft
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Property Description
Welcome to your dream investment opportunity in the waterfront city of Ludington, Michigan! Presenting a magnificent 39-unit motel, situated on over 2.5 acres, that exudes charm, comfort, and endless possibilities. Located just one block away from the Stearns Park beach, on the sugar sand shore of Lake Michigan, this gem offers the perfect blend of convenience, relaxation, and natural beauty. Step onto the property and be greeted by open green spaces, meticulously maintained for guests' enjoyment. The saltwater pool provides a refreshing oasis for guests to unwind and soak up the sun. Whether it's a delightful morning swim or a leisurely afternoon by the poolside, this amenity is sure to delight. With plenty of parking available, guests can easily park by their room for convenient
Details
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Location & Property Info
County: Mason
Street #: 612
Street Direction: N
Street Name: Lakeshore
Suffix: Drive
State: MI
Zip Code: 49431
Cross Streets: Tinkham Ave
Property Sub-Type: Business Opportunity
Area: MasonOceanaManistee - O
Municipality: Ludington
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $5,100,000
List Price: $5,100,000
Auction or For Sale: For Sale
List Price/SqFt: 1275
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 2
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-06-17
Current Bldg Use: Motel
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.52
Lot Square Footage: 109641
Lot Dimensions: 454.41x191.50
Year Built: 1890
Road Frontage: 454.41
Mineral Rights: Unknown
Year Remodeled: 1973
Total # Units: 39
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: 6
Total # Bldgs: 6
Total SqFt: 4000
Property Use Type: Business
Total Baths: 43
Waterfront: No
Body of Water: Lake Michigan
School District: Ludington
Statewide Lakes & Rivers: Lake Michigan
Tax Info
Tax ID #: 53-051-170-004-10
Taxable Value: 758848
SEV: 1060300
For Tax Year: 2024
Annual Property Tax: 43019.57
Tax Year: 2023
Spec Assessment & Type: none known
Non-Conforming Use: No
Zoning: M-R
Remarks & Misc
Legal: lengthy legal
Directions: Head west on US-10/Ludington Ave. Continue to follow Ludington Ave. Turn right onto Lakeshore Dr. 612 will be on the right.
Property Features
Property Use: Business
Water Fea. Amenities: Public Access 1 Mile or Less
Uses: Other
Ownership: LLC
Business Includes: Equipment; Furniture; Real Estate; Other
Construction Type: Frame/Wood; Other
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt; Concrete
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Financials
Sale Conditions: None
Supplements
and easy access. You will enjoy exploring the amenities of Ludington and its surrounding areas. Miles of Lake Michigan shoreline leading out to the Ludington State Park invite visitors to indulge in long walks along the shore, beach picnics, and breathtaking sunsets.
And the allure doesn't end there. This extraordinary property also boasts a phenomenal owner's residence that is nothing short of exceptional. Enjoy three bedrooms, each with private full baths, theater room, stunning kitchen, dining room, personal office, main floor laundry, spacious mud room, 2 car oversized attached garage and private patio area. The upper level features a spacious master suite with full bath, slipper tub, walk-in closet with private laundry. This spacious residence offers the perfect blend of casual comfort and sophistication, every aspect of this home has been meticulously designed for optimal convenience and luxury.
Don't miss this incredible opportunity to own a thriving motel in Ludington, Michigan. With its prime location, exceptional amenities, and a remarkable owner's home, this property is an investment that promises both financial success and a fulfilling lifestyle. Seize the chance to be part of Ludington's vibrant community and create lasting memories for guests from all walks of life. For additional information and photos please visit the website at https://www.nadersmotel.com/
Lead Based Paint Disclosure 
Listing Office: Greenridge Realty S Rath
Listing Agent: Debby Stevenson
Last Updated: June - 17 - 2024
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.