$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
County: Mason
Street #: 215
Street Direction: N
Street Name: Jebavy
Suffix: Drive
State: MI
Zip Code: 49431
Zip (4): 1921
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Active
Current Price: $350,000
List Price: $350,000
Listing Date: 2025-06-20
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.86
Lot Square Footage: 37286
Lot Dimensions: 112.99' x 330'
Year Built: 1989
Road Frontage: 112.99
Mineral Rights: Unknown
Total # Units: 3
# Fin Bldg Lvls: 3980
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total SqFt: 3980
Property Use Type: Investment
Full Baths: 3
Waterfront: No
School District: Ludington
Tax Info
Tax ID #: 010-014-200-027-40
Taxable Value: 80931
SEV: 92400
For Tax Year: 2025
Seller's Annual Property Tax: 3603
Tax Year: 2024
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: Commercial/Off
Remarks Misc
Directions: From US10: N on Jebavy. Go 1/4 mile to driveway on West side of road. Parking spots are out front.
Additional Details
Total Parking Spaces: 13
Waterfront Options
Water Access Y/N: No
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: December - 09 - 2025
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