1166 Rath AveLudington, MI 49431

Property Details for 1166 Rath Ave

Lot size

2.64 AC

Property type

Commercial real estate

APN

010-010-200-010-00

APU

1001020001000

Description

This exceptional 12,635 square foot industrial property, situated on a generous 2.5-acre lot at 1166 N Rath in Ludington, Michigan, presents a unique investment opportunity. Currently configured to accommodate diverse uses, the building boasts a rich history. Previously a racquetball club, it has successfully served as a 24-hour fitness center, dance studio (a 2,000 sq ft space with air conditioning and ample natural light), gymnastics facility, and physical therapy practice. Four of the studio spaces are notable for their two-story design, featuring spectator windows – a feature easily adaptable for expanded training areas or additional floor space. The upper level includes a sizable 50x33 foot room, currently used for gymnastics, and a smaller room suitable for physical therapy or massage therapy. The property's versatility is further enhanced by its zoning. In April 2023, Mason County's planning department designated this property as "Neighborhood Commercial" within their comprehensive plan, opening doors to a wider range of potential uses. This prime Ludington location offers significant advantages for a variety of businesses seeking a spacious and adaptable facility. The building is clean and well-maintained, ready for immediate occupancy or customized renovations to suit your specific needs. Priced at $499,000, this property represents a compelling investment in a thriving community.

• Alternative Use

  Use

  Valuation

  Residential

  $24,041,008

  Hospitality

  $22,021,434

  Educational

  $18,321,574

  Medical

  $18,951,682

  Retail

  $28,500,226

Location Insight

City

Ludington

County

Mason

State

Michigan

Latitude

43.9714

Longitude

-86.4483

CBSA code

31220

CBSA name

LUDINGTON, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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