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4743 Us Highway 10, Ludington, MI 49431

For sale$2,800,000

Est payment: $ / mo
Bedrooms:0 beds
Bathrooms:0 baths
Sq. Ft.:18,800 sqft
Lot:24.51 acre
Year Built:2006
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

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

Detailed Items

Architecture Style : Other
heating : Electric, Natural Gas
roof : Unknown

Listing info

Listing courtesy of Five Star Real Estate
Copyright © 2019 ListHub. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

is a commercial listing of 18,800 sqft on a lot of 24.51 acre. This commercial listing has 0 bedrooms, and 0 baths. The map for this location is located at https://maps.google.com/?q=4743+US+HIGHWAY+10%2cLudington%2cMI%2c49431.


All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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