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800 S Washington Ave - Lake Street Marina 44,000 SF Specialty Building Offered at $2,500,000 in Ludington, MI 49431

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Investment Highlights

2nd floor fully rented warehouse space.
2 marine fork lifts 15' negative 30' positive
Only marine 40 ton Marine Travelift in Ludington.

40 ton Marine Travelift, 18 ton hydraulic crane
Full service marina.
Plenty of outside outside storage, 24,000 sqft Inside cold, New 12000 sq ft heated storage building 30' ceilings designed for rack and launch 2021

Executive Summary

Full service marina 1.5 miles from lake Michigan. Unique business or development opportunity with over 600 ft of over 18' deep water frontage on Pere Marquette Lake providing access to Lake Michigan. Currently operating as a full service marina with a fuel dock, hoist way, inside and outside storage, 2nd floor has 12,300 sq ft warehouse and over 28 boat slips, retail and office space. Boat launch and marina docks. Road frontage on Lake street and s Washington. Property is located in Mason County's Opportunity Zone.

Property Facts

Price	$2,500,000	Lot Size	4.00 AC
Price Per SF	$56.82	Building Size	44,000 SF
Sale Type	Owner User	No. Stories	2
Sale Conditions	Business Value Included Redevelopment Project	Year Built/Renovated	1940/2019
Property Type	Specialty	Parking Ratio	1.36/1,000 SF
Property Subtype	Marina Specialty Parking Lot Specialty Shipyard Specialty Contractor Storage Yard	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B
Zoning	C - Commercial

Price	$2,500,000
Price Per SF	$56.82
Sale Type	Owner User
Sale Conditions	Business Value Included Redevelopment Project
Property Type	Specialty
Property Subtype	Marina Specialty Parking Lot Specialty Shipyard Specialty Contractor Storage Yard
Building Class	B
Lot Size	4.00 AC
Building Size	44,000 SF
No. Stories	2
Year Built/Renovated	1940/2019
Parking Ratio	1.36/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C - Commercial

Waterfront

About 800 S WASHINGTON AVE , LUDINGTON, MI 49431

Full service marina 1.5 miles from lake Michigan. 24000 sqft. of cold storage. 12000 sq. ft. of new heated storage. New heated building as of 2021. Waiting list for all slips and storage. Major improvements just completed 2023 to the Hoist way