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Units A, B & C 239 N Jebavy Dr 7,200 SF 100% Leased Office Building Ludington, MI 49431 $995,000 ($138.19/SF)
Investment Highlights
- Three commercial rental units are reported to be fully leased and operating within a single investment property.
- Additional land is included with the offering and may provide future development potential subject to municipal approvals.
- The property has a reported history of high occupancy and limited downtime between tenants.
- The site includes paved parking with capacity that supports tenants and visitors.
- Convenient access to US-10 and US-31 enhances regional connectivity throughout western Michigan.
- Ownership includes both the income-producing improvements and the underlying commercial site.
Executive Summary
THREE 2,400 SF COMMERCIAL BUSINESS RENTALS - Each unit is fully rented and in excellent condition. Plaza has an abundance of parking spaces and plenty of room to build more units if needed. Units have had a high occupancy percentage with little down time between tenants. Price per SQFT of building including the 2.4A lot and paved parking is $135/SQFT. Well below new construction costs. As a landlord, this could be a good choice for a passive income.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,200 SF
Building Class
C
Year Built
1996
Price
$995,000
Price Per SF
$138.19
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,200 SF
Building FAR
0.10
Lot Size
1.68 AC
Zoning
C-1 - Commercial
Parking
55 Spaces (6.02 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 010-014-200-027-10 | Improvements Assessment | $112,200 |
| Land Assessment | $11,700 | Total Assessment | $123,900 |
Property Taxes
Parcel Number
010-014-200-027-10
Land Assessment
$11,700
Improvements Assessment
$112,200
Total Assessment
$123,900
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Units A, B & C | 239 N Jebavy Dr