111 W Ludington Avenue

$1,400,000, 11,172 Sqft .21 Acres

About This Property

Unique opportunity to own 3 liquor-licensed locations in Ludington. With gross receipts of approximately $2.3 million at every year end since 2016, and a 60+ year history of serving the Ludington market with two newer venues added in the last 10 years, this has been a steady operation in its Lake Michigan community.Location one is a TRADITIONAL SPORTSBAR AND GRILL, offering pizza sandwiches and wings, in addition to beer, wine and liquor. This location has been in operation since 1955 and garners tremendous community support.Location two was established in 2011, has focused its theme on the Michigan community and offers MADE IN MICHIGAN CRAFT BEERS, CRAFT WINES AND SPIRITS.Location three was established in 2013 as a SCOTCH AND WHISKEY BAR with a fresh, casual menu. An entirely new concept to the area, patrons can enjoy customizable rice bowls, burritos and tacos at this charming location as well as in the fresh air area in the back with picnic tables. This is a turnkey offering with all locations well-established in the community. Two very experienced managers will stay with the transition. Don't miss your opportunity to become a successful part of the thriving lakeshore community in Ludington, Michigan.

Essential Information

MLS® #20046469
Price$1,400,000
Bathrooms0.00
Full Baths4
Square Footage11,172
Acres0.21
Year Built1955
TypeCommercial
Sub-TypeBusiness Opportunity
StatusActive

Community Information

Address111 W Ludington Avenue
AreaO51
SubdivisionLudington
CityLudington
CountyMason
StateMI
Zip Code49431

Amenities

Utilities

Cable, Electric, Natural Gas, Telephone

Features

BarrierFree Features, Bath-Common Area, Multi User Facility

Interior

HeatingForced Air
# of Fireplaces2
# of Stories2

Exterior

ExteriorBrick/Stone
Lot Description67 x 139
ConstructionBlock

School Information

DistrictLudington
Elementary67 x 139

Middle

See attached legal description in documents.

Additional Information

ZoningCentral Busines

Listing Details

Listing AgentJohn D Groothuis
Listing OfficeCapstone Real Estate LLC

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Listing information last updated on March 6th, 2021 at 8:30pm CST.

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