MLS #: 18056185
Property Photo
18,800 Sq Ft

Description of 4743 US HIGHWAY 10, Ludington, MI 49431

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 Features of 4743 US HIGHWAY 10, Ludington, MI 49431

Year Built
O51 - Ludington
MasonOceanaManistee - O
Annual Taxes
School district: Ludington
Electric heat
Forced air heat
Natural gas heat
Lot acreage is: 24.5100
Lot dimension is: contact for detail
Road frontage: 350.00
Cable television available
Public sewer
Public water
Natural gas
Tax year: 2018
Courtesy of: Five Star Real Estate (Casc)

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