239 N Jebavy Dr - Office FOR SALE


Ludington, MI 49431
$995,000 USD
231-690-8127

NO PHOTO

$995,000 USD
Office - FOR SALE
null | Request Cap Rate

239 N Jebavy Dr
Ludington, MI 49431


HIGHLIGHTS

  • Three commercial rental units are reported to be fully leased and operating within a single investment property.
  • The site includes paved parking with capacity that supports tenants and visitors.
  • Additional land is included with the offering and may provide future development potential subject to municipal approvals.
  • Convenient access to US-10 and US-31 enhances regional connectivity throughout western Michigan.
  • The property has a reported history of high occupancy and limited downtime between tenants.
  • Ownership includes both the income-producing improvements and the underlying commercial site.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Units A, B & C

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

72,995 SF

ZONING

C-1

APN/PARCEL ID

010-014-200-027-10

ASK ABOUT THIS PROPERTY

Bob BudreauGreenridge Realty, Inc.More Info
231-690-8127

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bob BudreauGreenridge Realty, Inc.More Info
231-690-8127

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.