1200 & 1202 Ludington Street

Exceptional investment opportunity in downtown Escanaba! This versatile mixed-use building offers the perfect blend of commercial and residential spaces, totaling 21,000 sq ft. Comprising six residential units and two commercial units, this property has a great location and solid income potential. Currently, one commercial unit is leased to Edward Jones, ensuring stable returns, while the other unit presents an exciting opportunity for a new business or tenant. All residential units are occupied with a strong rental history. Between the residential and commercial units the building currently provides a steady monthly income of $4,485. Additionally, with over 10,000 sq ft of unfinished space on the upper levels, there's ample room for expansion or customization to suit various commercial or residential needs. There is potential grant money from the MEDC for renovations. Whether you're an investor seeking a lucrative venture or an entrepreneur looking to establish your own storefront or office, this property offers the ideal combination of stability and opportunity. Don't miss out on the chance to own a piece of Escanaba's downtown district with this historical building. Owner pays heat and water on each residential unit. Each residential unit pays their own electric. Owner pays for only water on Edward Jones. Parking is off street parking in the city lot behind the building. The Edward Jones space is only available during their business hours (Mon - Thurs 8:00AM to 5:00PM, Fri 8:30AM to 4:00PM, Sat & Sun Closed).