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502 W Loomis Street Ludington, MI $ 1,500,000
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$ 1,500,000 Get more info
502 W Loomis Street
$ 1,500,000
Back to search
Share Save

502 W Loomis Street

Ludington, MI, 49431
$ 1,500,000
Baths3.0

Monthly Estimate*

$ 9,969

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Studio

Commercial Property for sale in Ludington, MI

for $1,500,000 with 3 full baths. This building was built in 1988 on a lot size of 0.64.

Nestled in the heart of Ludington, Michigan, overlooking the picturesque Marina and the serene expansion of Pere Marquette Lake merging into the grandeur of Lake Michigan, lies the Crown and Cork restaurant--an iconic destination renowned for its upscale ambiance and dining experience. Spanning almost 7000 sqft, this culinary gem has been meticulously furnished, and curated with up-to-date technology over the past 3 years reflecting a commitment to excellence. With its expansive dining area, well-appointed bar, and private dining rooms, the Crown and Cork offers versatility and potential for growth, catering to a diverse array of clientele and special events. Whether it's a dinner for two, a lively gathering of friends, an elegant corporate event, or a catered event, the opportunity is here for someone with vision to write the next chapter in this culinary legacy.

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Commercial Active

Price

$ 1,500,000

Bedrooms

Studio

Full Bath

3

Property Type

Commercial

Taxes

$ 35,162

Style

Business

Lot Size

0.64

Year Built

1988

Town/City

Ludington

County/Region

Mason

MLS | Web ID

24012749
Features
General
Sewer Public Sewer
Cooling Central Air
Utilities Phone Available Storm Sewer Available Public Water Available Public Sewer Available Natural Gas Available Electric Available Cable Available Broadband Available Phone Connected Natural Gas Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Wood Siding
Year Built 1988
Township Ludington
Property SubType Business
Tax Year 2023
Business Type Professional/Office Professional Service Restaurant Bar/Tavern/Lounge Retail
Waterfront Features All Sports Channel
Community Features Lake
County Mason
New Construction N
Property Type Commercial Sale
Attached Garage N
Building Features Fire Sprinkler Security System
Status Active
Directions From Ludington Ave: S on Lewis W on Loomis. Parking lot on the immediate right.
City Ludington
Body of Water Pere Marquette Lake
High School District Ludington
Zoning Description WM-2
Total Units 1
MLS Area MasonOceanaManistee - O
Lot Size Square Feet 27878.0
Waterfront Y/N Y
Street Name Loomis
Land Lease Y/N N
Tax Annual Amount 35162.0
Lease Renewal Y/N N
MLS Area Minor MasonOceanaManistee - O
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Availability Date 2024-03-15
Days on Market 69
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 575500
Ownership Type LLC
Legal Description ORIGINAL PLAT LOTS 9 10 11 & 12 BLOCK 49
Senior Community None
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Exterior
Parking Features Asphalt Driveway Paved
Water Source Public
Total Parking 48.0
Inclusions {u'Licenses': True u'Equipment': True u'Real Estate': True u'Inventory': True u'Furniture': True}
Lot Size Area 0.64
Number of Buildings 1
Spa N
Building Area Total 6980.0
Lot Dimensions 200 x 140
Lot Size Acres 0.64
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Fireplaces 1
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 3
Street Suffix Street
Electric On Property Y/N N
Total Baths 3
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Internal Only
Street Number 1 502
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* Excluded Features
List By
Greenridge Realty-Ludington

Broker

bbudreau@greenridge.com

Email

Affordability Calculator

$12,900
Per Month
77%
23%
0%
Monthly Principal & Interest
$9,969
Monthly Property Taxes
$2,930
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
251574 Elementary School
251186 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/16/2024$1,500,000 -14.29% Price Down
3/15/2024$1,750,000 Listed Price

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502 W Loomis Street, Ludington, MI, 49431 is a Commercial Property for sale at $1,500,000 with a lot size of 0.64. 502 W Loomis Street is a studio with 3.0 baths and was built in 1988. The property's zip code is 49431 which is in Ludington, MI

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