1166 Rath Ave Ludington, MI 49431

This exceptional investment opportunity presents a well-maintained, 12,635 square foot commercial building located at 1166 N Rath Ave, Ludington, MI 49431. Currently operating as a 24-hour fitness center, this two-story building boasts a rich history, previously housing a racquetball club and currently including Ludington's Letha Fulton School of Dance, gymnastics, and physical therapy spaces. The property features four two-story studio spaces with spectator windows, offering versatile conversion potential for expanded training areas. A spacious 2,000 square foot dance studio, complete with air conditioning and ample natural light, adds to the property's appeal. The upper level includes a large 50x33 foot room, ideal for gymnastics, and a smaller room suitable for physical therapy or massage therapy. The building sits on a substantial 108,900 square foot lot, zoned R-1, and was constructed in 1977. The asking price is $499,000, translating to $39.49 per square foot. This property is an owner/user investment opportunity, with an occupancy date of April 23, 2024. Importantly, the property's zoning has been recently updated by the Planning Commission Township, designating it as "Neighborhood Commercial" in their comprehensive plan, signifying significant future development potential. This presents a unique chance for wellness entrepreneurs or investors seeking a versatile, established commercial space in a thriving Michigan community.