37
See all 37 photos
$550,000
Est. payment /mo
2,164 SqFt
Price Dropped by $29K
1117 Ludington Street Escanaba, MI 49829
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,164 sqft
Price per Sqft $254
Subdivision Mi
MLS Listing ID 50194649
Year Built 1900
Annual Tax Amount $3,910
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions irregular
Property Sub-Type Commercial/Industrial
Property Description
This is an exceptional opportunity for both business ownership and rental income potential! This turnkey, full operational establishment is one of downtown Escanaba's most active and well-loved bars, and sits along the city's highest visibility commercial corridors. It offers a blent of modern renovation, has established customer loyalty, and prime placement within Escanaba's developing downtown district. The building features over 2,000 square feet of thoughtfully updated space, including newer mechanicals and a functional front-to-back layout designed for smooth, efficient operations. The basement provides ample storage, and both restrooms have been fully renovated. The front area of the pub offers abundant seating and high-top tables, while the rear section provides plenty of space for groups, events, or additional entertainment. The pool tables are owned, while the dart boards, speaker system, and TouchTunes machines are leased. Upstairs, you'll find an apartment space that has been largely gutted. However, the owner shave recently begun the very basic premnliiminary renovation work. This presents a significant value-add opportunity for a buyer to complete the space to their vision, whether as owner-occupied housing, rental income, short-term lodging, or additional storage/office space. Well-known among locals for its excellent cocktails and welcoming, energetic atmosphere, this pub has become a go-to spot for celebrations of all kinds. From holiday gatherings and sporting events to hunting season festivities and themed parties, it remains a reliable hotspot for both regulars and new visitors. Whether you're looking to expand your hospitality portfolio or bring your bar & lounge concept to life, this is your chance to own a proven, turn-key business with added upside potential in the heart of Escanaba.
Location
State MI
County Delta
Area Escanaba (21010)
Zoning Commercial
Exterior
Parking Features 11-20 Spaces
Building
Water Public Water
Others
Ownership Private
SqFt Source CubiCasa
Financing Cash,Commercial Loan,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by NORTHERN MICHIGAN LAND BROKERS
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION