1204 Ludington, Escanaba, MI

Others for Sale - $40,000


Agent Info

Jean Fulton
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1157321
Location
  1204 Ludington
  Escanaba MI 49829
UpdatedApril 5th, 2024
TypeOthers
Price$40,000

Property Description

Retail space ready for a few final touches and an open sign. Comes with 2 10x9 office spaces, breakroom kitchen,2 pc. bathroom, potentially 2nd bath or laundry, plus 2 storage areas for the business. City lot in back offers plenty of parking. Full high basement for much additional storage also. This was the Old Peterson Hotel and is in National Historic Register since 2014. New owner could qualify for Fed tax credit of 20% eligible costs and State credit of 25% eligible costs. 2nd and 3rd floors offer endless possibilities.( Agent has some info.) Original hardwood floors exposed brick walls and numerous 6 panel doors and woodwork are still on site and in need of some restoration. Water is turned off due to a copper water supply line break ,Boiler is also off. Sold as is.


Financials