4743 Us Highway 10

$2,800,000, 18,800 Sqft 24.51 Acres

About This Property

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

Essential Information

MLS® #18056185
Price$2,800,000
Bathrooms0.00
Full Baths16
Square Footage18,800
Acres24.51
Year Built2006
TypeCommercial
Sub-TypeRetail/Commercial
StatusActive

Community Information

Address4743 Us Highway 10
AreaO51
SubdivisionLudington
CityLudington
CountyMason
StateMI
Zip Code49431

Amenities

Utilities

Cable, Natural Gas, Telephone, Electric

Interior

HeatingForced Air
# of Fireplaces2
# of Stories1

Exterior

Lot Descriptioncontact for detail
ConstructionConcrete, Steel

School Information

DistrictLudington
Elementarycontact for detail
MiddleLL in LO

Listing Details

Listing AgentHyuntae Yun
Listing OfficeFive Star Real Estate (Casc)

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Listing information last updated on July 7th, 2020 at 6:15am CDT.

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