5704 W Ludington Drive $589,000

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    5704 W Ludington Drive Farwell, MI 48622

    • 4,864 sq. ft.
    • 80.00 Acres
    • Commercial
    • MLS# 50137990
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    Views: 38 Days On Site: 227

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    Property Details

    If you are looking to start or maybe move and expand your business, this 80 acres of Commercial property on heavily traveled US 10 between Lake and Farwell is just what you are looking for. This property offers three buildings including a 76x64 building with three interior offices, kitchen, 3/4 Bath, New furnace for the office area, well and septic. A 100x42 garage/storage/bay building equipped with oil change pits. A 78x82 Warehouse and cold storage. And an additional older residential 2 Bedroom, 3/4 Bath home on property. There is a pond on the property. Property has a life lease to American Tower for 10 acres which no income is received but they pay 1/8th of Real estate taxes. Sale must be approved by American Tower.

    • General Features
      • Acreage 80
      • Area Municipality Surrey Twp (18015)
      • County Clare
      • Originating MLS Clare Gladwin Board of REALTORS
      • Ownership LLC
      • Total SqFt Finished 4864
      • Waterfront Y/N No
      • Year Built 0
      • ZONING Commercial
    • Property Features
      • Water Private Well
      • Lot Size 660x2640
      • Sewer Septic Septic

    Neighborhood

    48622 (Farwell) Demographics

    45 Median Age
    63 Population Density (per sq. mile)
    22% College Educated
    $52,399 Estimated Median Income
    1,988 Estimated Total Home Owners
    377 Estimated Total Renters
    84% / 16% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    6,022 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $220,000 Median Sales Price
    21 Homes Sold
    10 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: $589,000
        10/7/2024 4:07:22 PM Price Reduced Source: Multiple Listing Service New Value: $589,000 -1.67%
        7/31/2024 11:23:04 AM Price Reduced Source: Multiple Listing Service New Value: $599,000 -4.01%
        7/1/2024 11:52:02 AM Price Reduced Source: Multiple Listing Service New Value: $624,000 -3.85%
        4/8/2024 1:06:00 PM New in Database Source: Multiple Listing Service New Value: $649,000

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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.