$2,800,000
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

SCHOOL DISTRICT
Ludington
TYPE
Retail/ Commercial
Year Built
2006
Subdivision
O51 - Ludington
Community
MasonOceanaManistee - O
Annual Taxes
$28,000.00
Acres
33.21
Features
School district: Ludington
Electric heat
Forced air heat
Natural gas heat
Lot acreage is: 33.2100
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)

Homes for Sale Nearby 4743 US HIGHWAY 10, Ludington, MI 49431

Recent Sales Nearby 4743 US HIGHWAY 10, Ludington, MI 49431



Community information and market data Powered by Onboard Informatics. Copyright ©2018 Onboard Informatics. Information is deemed reliable but not guaranteed. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Property information deemed reliable but not guaranteed.

Listings provided by Southwestern Michigan Regional Information Center. ALL RIGHTS RESERVED. All listings information and any data on this website should be verified through appropriate professionals. Unauthorized use, copy, dissemination, or downloading of images or content is in direct violation of Copyright laws and is strictly prohibited. Information is deemed reliable but NOT GUARANTEED.