24.51 Acres in Mason County

4743 US HIGHWAY 10 Ludington MI 49431  |  Mason County, MI
  • $2,800,000
  • 24.51 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: GRARMI
Irrigated: No
Residence: Yes
Property ID: 8813112

Property Description

Multi-tenant retail portfolio that contains two retail centers on the same parcel. Both buildings were built in 2006 and share a parking lot with direct frontage/access to US-10. Building A is currently 100% occupied with a total of 4 tenants and is approx. 7,875 SF. Building B is currently 58.6% occupied with a total of two (2) tenants and is approx. 18,800 SF, with an approximate vacancy rate of 41.4%. There is plenty of opportunity for a prospective investor to add value by leasing the additional space. Financially, the assets are generating approximately $166,938 in revenue and cash flowing a Net Operating Income of $143,582. Purchase also includes 25 acres in the back, excellent for redevelopment for hotel, restaurant, retail or mix-use development. Site is right off US-10

Copyright 2019 Grand Rapids Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Map


Driving Directions

US 31 North - take US 10 West to property

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Tae Yun

Five Star Real Estate (Casc)

(616) 977-7790 (work)

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Contact Seller

Tae Yun

Five Star Real Estate (Casc)

(616) 977-7790 (work)

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