26
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$380,000
Est. payment /mo
5,750 SqFt
Price Dropped by $50K
1016 Ludington Street Escanaba, MI 49829
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $66
Subdivision Mi
MLS Listing ID 50168072
Year Built 1986
Annual Tax Amount $5,578
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x140
Property Sub-Type Commercial/Industrial
Property Description
Located in the heart of Escanaba's Downtown District, this prime commercial property at 1016 Ludington Street offers an exceptional investment opportunity. Built in 1986 and meticulously maintained, the building features approximately 5,100 sq. ft. of main-level retail space, plus a spacious 4,100 sq. ft. basement for ample storage. Key upgrades include a brand-new roof installed in June 2023, as well as updated critical systems such as forced air, air conditioning condenser, electrical, and plumbing. The property is designed for accessibility, featuring a handicapped-accessible entrance with a remote-opening system and a dedicated restroom. A sturdy steel-framed floor system with a concrete subfloor ensures lasting structural integrity. Positioned on Main Street for maximum visibility, this location benefits from steady foot traffic in a vibrant community hub, making it ideal for various business ventures. Please note, this listing is for the building only; the existing business and inventory are not included in the sale.
Location
State MI
County Delta
Area Escanaba (21010)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C, HVAC
Exterior
Parking Features 3-5 Spaces, Off Street
Roof Type Rubber
Building
Foundation Basement
Water Public Water
Structure Type Concrete/Block,Masonry
Others
Ownership LLC
SqFt Source Assessors Data
Energy Description Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KEY REALTY DELTA COUNTY LLC