502 W Loomis Street $1,300,000

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    502 W Loomis Street Ludington, MI 49431

    • 6,980 sq. ft.
    • 0.64 Acres
    • Commercial
    • MLS# 70395212
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    Views: 33 Days On Site: 244

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    Property Details

    Nestled in the heart of Ludington, Michigan, overlooking the picturesque Marina and the serene expansion of Pere Marquette Lake merging into the grandeur of Lake Michigan, lies the Crown and Cork restaurant--an iconic destination renowned for its upscale ambiance and dining experience. Spanning almost 7000 sqft, this culinary gem has been meticulously furnished, and curated with up-to-date technology over the past 3 years reflecting a commitment to excellence. With its expansive dining area, well-appointed bar, and private dining rooms, the Crown and Cork offers versatility and potential for growth, catering to a diverse array of clientele and special events. Whether it's a dinner for two, a lively gathering of friends, an elegant corporate event, or a catered event, the opportunity is

    • General Features
      • Acreage 0.64
      • Area Municipality Ludington (53020)
      • Body of Water Pere Marquette Lake
      • County Mason
      • Originating MLS Mason Oceana Manistee Board of REALTORS
      • Ownership LLC
      • Total SqFt Finished 6980
      • Waterfront Y/N Yes
      • Year Built 1988
    • Building Features
      • Exterior Construction Frame, Wood
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Composite
    • Property Features
      • Water Public Water, Public Water at Street
      • Water Features All Sports Lake, Lake/River Access, Water View
      • PARKING 21+ Spaces
      • Lot Size 200 x 140
      • Roads City/County, Paved Street
      • Sewer Septic Public At Street, Public Sanitary, Storm

    Neighborhood

    49431 (Ludington) Demographics

    47 Median Age
    140 Population Density (per sq. mile)
    38% College Educated
    $52,578 Estimated Median Income
    5,348 Estimated Total Home Owners
    2,241 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,286 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $285,000 Median Sales Price
    33 Homes Sold
    34 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,300,000
        8/13/2024 12:37:17 PM Status Changed Source: Multiple Listing Service New Value: Active
        7/29/2024 3:23:32 PM Status Changed Source: Multiple Listing Service New Value: Pending
        7/18/2024 2:52:15 PM Price Reduced Source: Multiple Listing Service New Value: $1,300,000 -13.33%
        5/16/2024 4:06:40 PM Price Reduced Source: Multiple Listing Service New Value: $1,500,000 -14.29%
        3/15/2024 7:52:00 PM New in Database Source: Multiple Listing Service New Value: $1,750,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.