Skip To Content
    Return to Previous Page

    111 W Ludington Avenue

    Ludington, MI 49431
    • $1,400,000
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 20046469
    UPDATED: 135 min ago
    $1,400,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,172
      SQFT
    • $125
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Unique opportunity to own 3 liquor-licensed locations in Ludington. With gross receipts of approximately $2.3 million at every year end since 2016, and a 60+ year history of serving the Ludington market with two newer venues added in the last 10 years, this has been a steady operation in its Lake Michigan community.Location one is a TRADITIONAL SPORTSBAR AND GRILL, offering pizza sandwiches and wings, in addition to beer, wine and liquor. This location has been in operation since 1955 and garners tremendous community support.Location two was established in 2011, has focused its theme on the Michigan community and offers MADE IN MICHIGAN CRAFT BEERS, CRAFT WINES AND SPIRITS.Location three was established in 2013 as a SCOTCH AND WHISKEY BAR with a fresh, casual menu. An entirely new concept to the area, patrons can enjoy customizable rice bowls, burritos and tacos at this charming location as well as in the fresh air area in the back with picnic tables. This is a turnkey offering with all locations well-established in the community. Two very experienced managers will stay with the transition. Don't miss your opportunity to become a successful part of the thriving lakeshore community in Ludington, Michigan.

    Monthly Payment Calculator

    © 2020 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2020-11-27T23:59:51.94.
    www.rekemateam.com/homes/111635200
    Print Image

    111 W Ludington Avenue Ludington, MI 49431

    • Price: $1,400,000
    • Status: Active
    • Updated: 135 min ago
    • MLS #: 20046469
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    11,172
    SQFT
    $125
    $/SQFT
    1955
    Built
    Neighborhood:
    Ludington
    County:
    Mason
    Area:
    Ludington
    School District:
    Ludington
    Property Description
    Unique opportunity to own 3 liquor-licensed locations in Ludington. With gross receipts of approximately $2.3 million at every year end since 2016, and a 60+ year history of serving the Ludington market with two newer venues added in the last 10 years, this has been a steady operation in its Lake Michigan community.Location one is a TRADITIONAL SPORTSBAR AND GRILL, offering pizza sandwiches and wings, in addition to beer, wine and liquor. This location has been in operation since 1955 and garners tremendous community support.Location two was established in 2011, has focused its theme on the Michigan community and offers MADE IN MICHIGAN CRAFT BEERS, CRAFT WINES AND SPIRITS.Location three was established in 2013 as a SCOTCH AND WHISKEY BAR with a fresh, casual menu. An entirely new concept to the area, patrons can enjoy customizable rice bowls, burritos and tacos at this charming location as well as in the fresh air area in the back with picnic tables. This is a turnkey offering with all locations well-established in the community. Two very experienced managers will stay with the transition. Don't miss your opportunity to become a successful part of the thriving lakeshore community in Ludington, Michigan.
    Exterior Features

    Construction Type Block Exterior Material Brick Finished Building Levels 2.00 Lot Dimensions 67 X 139 Number Of Buildings 2.00 Road Frontage 67.00 Street Type PavedPublic Waterfront No

    Interior Features

    Below Grade BasementFull Heat Source Natural Gas Heat Type Forced Air Interior Features Barrier FreeBath Common AreaMulti User Facility Tot Bldg Sq Ft Gross 11172.00

    Property Features

    Annual Property Tax 11174.00 Association West Michigan Lakeshore Association Of Realtors Business Includes EquipmentFurnitureInventoryLicensesReal Estate Business Only Value 700000.00 Commercial Type Business Opportunity Current Use Bar & Restaurant Equipment Value 20000.00 Inventory Value 5000.00 New Construction No Ownership CorporationTrust Real Estate Value 700000.00 Sale Conditions None Sewer Public Tax Year 2019 Terms Available CashConventional Uses Bar/Tavern/LoungeOtherRestaurant Util Avl At Street CableElectricNatural GasPublic SewerPublic WaterTelephone Utilities Attached CableElectricNatural GasTelephone Water Public Zoning Central Busines

    Listing provided courtesy of John D Groothuis of Capstone Real Estate Llc. © 2020 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2020 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2020-11-27T23:59:51.94.
     
    https://bt-photos.global.ssl.fastly.net/swmich/orig_boomver_1_20046469-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/orig_boomver_1_20046469-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/orig_boomver_1_20046469-2.jpg
    Logo
    Ron Ekema Team - RE/MAX Advantage
    7127 South Westnedge
    Portage MI, 49002