1166 N Rath Avenue Ludington, MI $ 499,000
1166 N Rath Avenue
$ 499,000
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1166 N Rath Avenue

Ludington, MI, 49431
$ 499,000
Baths2.0

Monthly Estimate*

$ 3,317

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Studio

Commercial Property for sale in Ludington, MI

for $499,000 with 2 full baths. This building was built in 1977 on a lot size of 2.5.

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.

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Commercial Active

Price

$ 499,000

Bedrooms

Studio

Full Bath

2

Property Type

Commercial

Taxes

$ 5,246

Style

Retail/Commercial

Lot Size

2.5

Year Built

1977

Town/City

Ludington

County/Region

Mason

MLS | Web ID

22036248

Features
General
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 N
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
NumberOfUnitsTotal 1
MLS Area MasonOceanaManistee - O
Lot Size Units Acres
Lot Size Square Feet 108900.0
Waterfront Y/N N
Street Name Rath
Land Lease Y/N N
Tax Annual Amount 5246.78
Lease Renewal Y/N N
MLS Area Minor MasonOceanaManistee - O
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 646
Standard Status Active
Tax Assessed Value 108400
Ownership Type LLC
Legal Description see attached
Senior Community None
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Interior
Total Fireplaces 1
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Full Baths 2
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 2
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Exterior
Water Source Public
Inclusions {u'Real Estate': True}
Lot Size Area 2.5
Number of Buildings 1
Spa N
Building Area Total 12635.0
Lot Dimensions 213x511.50
Lot Size Acres 2.5
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1166
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* Excluded Features
List By
Greenridge Realty S Rath

Broker

mjpung@greenridge.com

Email

Affordability Calculator

$3,754
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,317
Monthly Property Taxes
$437
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
251574 Elementary School
251186 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/22/2022$499,000 Listed Price

Map


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1166 N Rath Avenue, Ludington, MI, 49431 is a Commercial Property for sale at $499,000 with a lot size of 2.5. 1166 N Rath Avenue is a studio with 2.0 baths and was built in 1977. The property's zip code is 49431 which is in Ludington, MI