Listing provided courtesy of UPWARDS REAL ESTATEMLS# 50207281MLS Provider
  • 48 days on site
  • 1 views

Prime commercial opportunity in the heart of downtown Escanaba! Located right on the main street of downtown Escanaba, the true heartbeat of the community, this incredible commercial offering presents endless potential at an unbeatable price. This property consists of three buildings (two combined) offering well over 8,000 square feet of main-level commercial space. The visibility, foot traffic, and central location make this a rare investment opportunity in a thriving downtown district. Upstairs, you'll find over 6,000 square feet ready for your vision to come to life. Much of the heavy lifting has already been done (demo work is complete in many areas) leaving a mostly blank canvas for redevelopment, additional residential units, office suites, or creative space. Above 1107, there is an existing two-bedroom residential apartment currently generating strong rental income of $985 a month. This is a perfect opportunity to have immediate cash flow while you bring your larger plans to fruition. Please note: The unfinished portions of the second floor are currently in a demoed state and are considered hazardous. For your safety, do not cross the yellow caution tape during showings. Opportunities like this with size, location, income potential, and price do not come along often!!! Whether you're an investor, developer, or entrepreneur looking to make a mark in downtown Escanaba, this property is ready for its next chapter.

Source: Great Lakes Repository, MLS#: 50207281

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Commercial Sale
  • Lot
    0.24 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Kevin Prokopp

Create a profile so you can receive updates on this property as soon as they happen!

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1107 and 1109 Ludington Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.