$499,000
For Sale

1166 N Rath Avenue

Ludington, MI 49431
Browse 56 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Clean and well-maintained 12,623 sq ft building on the north side of Ludington. The building is currently used as a 24 hour fitness center, it houses Ludington's Letha Fulton School of Dance, and also has provided space for gymnastics and PT, among other things. Once a racquetball club, 4 of the studio spaces are 2 stories tall with spectator windows. Could be converted into 2 floors for more training space. There is a 2000 sq ft dance studio with A/C and lots of windows. Also, a spacious area for exercise equipment for the 24 hour fitness center. Upper level has a 50x33 room, now used for gymnastics, plus a small room for PT or massage therapy. April 2023 update: PM Twp adopted this property as ''Neighborhood Commercial'' in their comprehensive plan.

  • Property Details
      • Property SubtypeCommercial
      • MLS #M22036248
      • MLS #M22036248
      • Property TypePurchase
      • Original List Price$499,000
      • Cost499000
      • CountyMason
      • Buying Agency Compensation3.00%
      • Year Built1977
      • Acres2.5
      • Days on Market (Cumulative)459
      • Days On Market459
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

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6.0%

Tax Rate

%
2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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