Address
1166 N Rath Avenue, Ludington, MI
Price
$ 499,000
Property Attributes
  • MLS#22036248
  • TypeCommercial
  • CountyMASON
  • CityLudington
  • AreaPere Marquette Twp
  • NeighborhoodPere Marquette Twp
  • Zip49431
  • StyleRetail/Commercial
  • Year Built1977
  • Taxes$ 5246
  • Price$ 499,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size2.5 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

Clean and well-maintained 12,623 sq ft building on the north side of Ludington. The building is currently used as a 24 hour fitness center, it houses Ludington's Letha Fulton School of Dance, and also has provided space for gymnastics and PT, among other things. Once a racquetball club, 4 of the studio spaces are 2 stories tall with spectator windows. Could be converted into 2 floors for more training space. There is a 2000 sq ft dance studio with A/C and lots of windows. Also, a spacious area for exercise equipment for the 24 hour fitness center. Upper level has a 50x33 room, now used for gymnastics, plus a small room for PT or massage therapy. April 2023 update: PM Twp adopted this property as ''Neighborhood Commercial'' in their comprehensive plan.

Price History
8/22/2022 Listed $499,000

General Features

Sewer Public Sewer
Utilities Phone Available,Natural Gas Available,Electric Available,Natural Gas Connected,Electric Connected
Possession Negotiable
Roof Composition
Year Built 1977
Township Pere Marquette Twp
Property SubType Retail/Commercial
Tax Year 2022
Business Type Recreation
County Mason
New Construction No
Property Type Commercial Sale
Status Active
Directions From Ludington Ave turn North on Rath Ave and property is North of Bryant Rd
City Ludington
High School District Ludington
Zoning Description R-1
Total Units 1
MLS Area MasonOceanaManistee - O
Lot Size Square Feet 108900.0
Waterfront Y/N No
Street Name Rath
Land Lease Y/N No
Tax Annual Amount 5246.78
Lease Renewal Y/N No
MLS Area Minor MasonOceanaManistee - O
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 622
Standard Status Active
Tax Assessed Value 108400
Ownership Type LLC
MobileHomeRemainsYN No
Legal Description see attached
Senior Community None

Interior Features

Total Fireplaces 1
Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Full Baths 2
Street Suffix Avenue
Electric On Property Y/N No
Total Baths 2

Exterior Features

Water Source Public
Inclusions {u'Real Estate': True}
Lot Size Area 2.5
Number of Buildings 1
Spa No
Building Area Total 12635.0
Lot Dimensions 213x511.50
Lot Size Acres 2.5
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 49431

Price
AVG $690K
$500K
Taxes
AVG $7,815
$5,246
Visits
AVG 149
98
Data Provided by Inside Real Estate®
Year Built
AVG 1959
1977
Walkscore
AVG 50
40
Data Provided by Walkscore® not using MLS data

Areas We Cover