4743 Us Highway 10

Estimated Monthly Payment: $15,102/mo 4743 Us Highway 10, Ludington, MI 49431 MLS# 18056185 Retail/Commercial Listing Status: Active
18,800 sqft
24
489
0
15

REMARKS:

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

OVERVIEW:

Retail/Commercial
Active
Ludington
O51 - Ludington
Masonoceanamanistee - O
2006
18800
1067656
24.51
Public

SCHOOLS:

Ludington

FINANCIAL:

$2,800,000
$28,000

Listing Courtesy of Hyuntae Yun, Five Star Real Estate (Casc)

 

Data last updated 09/25/2020

 

Information Deemed Reliable But Not Guaranteed.

 

©  2020  Michigan Regional Information Center, LLC. All rights reserved.

NEIGHBORHOOD & SCHOOL INFORMATION:

 

 Courtesy of Hyuntae Yun, Five Star Real Estate (Casc)

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Chapple Realty Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

©2020 Michigan Regional Information Center, LLC. All rights reserved.