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200 W Ludington St
Iron Mountain, MI 49801
Iron Mountain Executive Plaza · Office Property For Sale
Investment Highlights
- 4,180-SF Single Tenant Office on a +/-0.24 Acre Parcel
- Corporately Guaranteed Lease by PWA Management and an Additional 3-Year Significant Personal Guaranty
- Timeframe for Full Operational Status: The Length of the Personal Guaranty Ensures the Property Has Ample Time to Reach Full Operational and Tenanted
- 8 Years Remaining on a 10 Year Absolute Net Master Lease With No Landlord Responsibilities | Rare 10% Yield On a Single Tenant Property
- PWA Management LLC is a Proven Operator with a Track Record of Successful Operations Across the Country
- Positioned at a Prime Location with High Visibility and Accessibility | Daytime Population of 23,200+ Within 5-Miles
Property Facts
Property Type
Office
Building Size
4,180 SF
Building Class
C
Year Built/Renovated
1936/2024
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,180 SF
Building FAR
0.41
Lot Size
0.24 AC
Zoning
Commercial
Property Taxes
| Parcel Number | 051-104-493-00 | Improvements Assessment | $127,300 |
| Land Assessment | $3,600 | Total Assessment | $130,900 |
Property Taxes
Parcel Number
051-104-493-00
Land Assessment
$3,600
Improvements Assessment
$127,300
Total Assessment
$130,900
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