4743 US HIGHWAY 10, Ludington MI 49431 Photo 1

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4743 US HIGHWAY 10 - 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

Listing information

  • MLS® ID: 18056185
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $28,000
  • Subdivision: O51 - Ludington
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 18,800 ($148.94 per sq. foot)
  • County: Mason
  • Year Built: 2006
  • New Construction: No
  • Lot Area: 33.21 Acres
  • School District: Ludington

Features

Auction or For Sale For Sale
Business Includes Non-Applicable
Construction Type Concrete, Steel
Heat Source Electric, Natural Gas
Heat Type Forced Air
Other Road Frontage - 350.00
Property Sub-Type Retail/ Commercial
Purchase Terms Avail Cash/Conventional
Sale Conditions None
Sewer Public
Uses Distribution, Professional/Office, Restaurant, Retail, Storage
Util Avail at St Electric, Natural Gas, Public Sewer, Public Water
Utilities Attached Cable, Electric, Natural Gas, Telephone
Water Public
Listing Courtesy of Tae Yun of Five Star Real Estate (Casc)