524 Ludington Street $850,000

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    524 Ludington Street Escanaba, MI 49829

    • 25,528 sq. ft.
    • 0.72 Acres
    • Commercial
    • MLS# 50146747
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    Views: 32 Days On Site: 150

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    Property Details

    Escanaba's iconic Ludington Post Suites is now available! This building was originally the post office and is a staple of Escanaba's downtown. It is rich with history and charm. Ludington Post Suites boasts over 25,000 sq ft of finished space spanning 3 stories and a full basement. There are currently 9 tenants with space for more. Varying unit sizes makes this an attractive commercial rental to a wide variety of businesses. Small and large companies alike can find their home here. Beyond a commercial rental this property holds tons of potential. This would make an incredible conference center, hotel, or upscale apartment building. There are tons of options! Views of Ludington Park and Lake Michigan can be seen from many of the offices. An elevator provides access to all 4 floors. There is street parking, a small side parking area and a rear back parking lot. Come see what this beautiful building has to offer!

    • General Features
      • Acreage 0.72
      • Area Municipality Escanaba (21010)
      • Body of Water Lake Michigan
      • County Delta
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership LLC
      • Total SqFt Finished 25528
      • Waterfront Y/N No
      • Year Built 1908
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Brick, Masonry
      • Foundation Type Basement
      • Heating System Forced Air, Hot Water, None
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Water Features None
      • PARKING On Site,Parking Lot
      • Lot Size 125x140.50x140.50x140
      • Roads City/County
      • Sewer Septic Public Sanitary

    Neighborhood

    49829 (Escanaba) Demographics

    46 Median Age
    236 Population Density (per sq. mile)
    34% College Educated
    $39,914 Estimated Median Income
    5,470 Estimated Total Home Owners
    2,512 Estimated Total Renters
    69% / 31% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    16,704 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $150,000 Median Sales Price
    15 Homes Sold
    15 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: $850,000
        6/27/2024 9:54:00 AM New in Database Source: Multiple Listing Service New Value: $850,000

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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.