502 W Loomis Street Ludington, MI ^$ 1,750,000

502 W Loomis Street

^$ 1,750,000

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502 W Loomis Street

Ludington, MI, 49431

^$ 1,750,000

Studio Baths0.0 Sq 6,980

Monthly Estimate*

^$ 12,224

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Studio

Commercial Property for sale in Ludington, MI

for $1,750,000. This 6,980 square foot building was built in 1988 on a lot size of 0.64.

Nestled in the heart of Ludington, Michigan, overlooking the picturesque Marina and the serene expansion of Pere Marquette Lake merging into the grandeur of Lake Michigan, lies the Crown and Cork restaurant--an iconic destination renowned for its upscale ambiance and dining experience. Spanning almost 7000 sqft, this culinary gem has been meticulously furnished, and curated with up-to-date technology over the past 3 years reflecting a commitment to excellence. With its expansive dining area, well-appointed bar, and private dining rooms, the Crown and Cork offers versatility and potential for growth, catering to a diverse array of clientele and special events. Whether it's a dinner for two, a lively gathering of friends, an elegant corporate event, or a catered event, the opportunity is

Commercial Active

Price

^$ 1,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 35,162

Style

Business

Lot Size

0.64

Year Built

1988

Town/City

Ludington

County/Region

Mason

MLS | Web ID

70395212

Features

General

Heating Forced Air

Possession At Close

Roof Composite

Water Public Water Public Water at Street

Status Active Active

Year Built 1988

Parking 21+ Spaces

County Mason

Class COM/IND/BUS OPP

Type Business

Percent Ownership LLC

Municipality Ludington

Subdivision MI

Commercial Features Cable Internet Installed Cable TV Available Electric Available Furniture Gas Available Sprinkler System Telephone

Area Ludington (53020)

Primary City Ludington

Directions From Ludington Ave: S on Lewis W on Loomis. Parking lot on the immediate right.

City Ludington

Street Name Loomis

Financial Terms Cash Conventional

Legal Description ORIGINAL PLAT LOTS 9 10 11 & 12 BLOCK 49

DOM 39

Postal Code 49431

Price Per Sq Ft 250.72

Coming Soon Nestled in the heart of Ludington Michigan overlooking the picturesque Marina and the serene expansion of Pere Marquette Lake merging into the grandeur of Lake Michigan

Exterior

Exterior Frame Wood

Frontage 340

Body of Water Pere Marquette Lake

Lot Size Area 0.64

Lot Dimensions 200 x 140

Water Features Lake/River Access Water View All Sports Lake

Roads City/County Paved Street

Waterfront Y/N Yes

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Bob Budreau

Listing Agent

Greenridge Realty-Ludington

Broker

bbudreau@greenridge.com

Affordability Calculator

$15,154

Per Month

Monthly Principal & Interest: $12,224
Monthly Property Taxes: $2,930
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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

Trends
Schools

Commerical listings in Ludington, MI

Average List Price ^$685,082

Percent of Sale Price 61%

About Ludington, MI

8,282 Population

0% Since 2002

^$36,498 Median Income

41.21 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/16/2024	$1,750,000		Listed Price

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502 W Loomis Street, Ludington, MI, 49431 is a Commercial Property for sale at $1,750,000 with 6,980 sqft and a lot size of 0.64. 502 W Loomis Street is a studio with 0.0 baths and was built in 1988. The property's zip code is 49431 which is in Ludington, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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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502 W Loomis Street

Commercial Property for sale in Ludington, MI

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