$350,000
Ludington, MI 49431
MLS# 25029964
3980 sqft
1 / 13
Property Description
COMMERCIAL BUILDING - This three-unit, 3,980 SQFT building is currently fully rented by a single tenant and is in excellent condition. Situated on a 0.85A lot with 112' of frontage on a high-traffic main road, the site offers ample paved parking spaces in the front & plenty of additional space in the back for parking/storage/expansion. Price per SQFT of building including the lot & parking is $88/SQFT. Well below new construction costs. As a landlord, this could be a good choice for a passive income.
Details
Maps
Location & Property Info
Cross Streets: US 10 & Johnson
Property Sub-Type: Office
Area: MasonOceanaManistee - O
Municipality: Pere Marquette Twp
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 87.94
Prop Avail for Lease?: No
Current Bldg Use: Commercial/Office Rental
General Property Info
New Construction: No
Lot Dimensions: 112.99' x 330'
Road Frontage: 112.99
Mineral Rights: Unknown
Waterfront: No
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
# Fin Bldg Lvls: 3980
Total SqFt: 3980
Property Use Type: Investment
School District: Ludington
Lot Measurement: Acres
Lot Acres: 0.86
Lot Square Footage: 37286
Year Built: 1989
Full Baths: 3
Tax Info
Taxable Value: 80931
SEV: 92400
For Tax Year: 2025
Seller's Annual Property Tax: 3603
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: Commercial/Off
Tax ID #: 010-014-200-027-40
Remarks & Misc
Public Remarks: COMMERCIAL BUILDING - This three-unit, 3,980 SQFT building is currently fully rented by a single tenant and is in excellent condition. Situated on a 0.85A lot with 112' of frontage on a high-traffic main road, the site offers ample paved parking spaces in the front & plenty of additional space in the back for parking/storage/expansion. Price per SQFT of building including the lot & parking is $88/SQFT. Well below new construction costs. As a landlord, this could be a good choice for a passive income.
Legal: New legal is being created with proposed split. Survey attached indicated dimensions and boundaries.
Waterfront Options
Water Access Y/N: No
Additional Details
Total Parking Spaces: 13
Street Type
Paved: 1
Public: 1
Property Use
Investment: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Construction Type
Frame/Wood: 1
Exterior Material
Metal Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Other: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Survey: 1
Business Includes
Real Estate: 1
Foundation
Slab: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Tenant Pays All
Electric: 1
Gas: 1
Janitorial: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Asphalt: 1
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Other: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Mason
Street #: 215
Street Direction: N
Street Name: Jebavy
Suffix: Drive
State: MI
Zip Code: 49431
Zip (4): 1921
OfficeContract Info
Status: Active
Current Price: $350,000
List Price: $350,000
Listing Date: 2025-06-20
Remarks Misc
Directions: From US10: N on Jebavy. Go 1/4 mile to driveway on West side of road. Parking spots are out front.
Property Features
Property Use: Investment
Uses: Professional Service; Professional/Office
Ownership: Other
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Metal Siding
Roofing: Composition
Foundation: Slab
Below Grade: None
Tenant Pays All: Electric; Gas; Janitorial; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt; Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional; Other
Docs at List Office: Aerial Photo; Survey
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: GREENRIDGE Realty Ludington
Listing Agent: Bob Budreau
Last Updated: June - 09 - 2026
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