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1117 Ludington Street, Escanaba, MI 49829

$550,000
  • 1117 Ludington Street, Escanaba, MI 49829 Main Photo

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Active
SQUARE FEET2,164 MLS#50194649
STATUSActive PROPERTY TYPECommercial - Business

Property Description

This is an exceptional opportunity for both business ownership and rental income potential! This turnkey, full operational establishment is one of downtown Escanabas most active and well-loved bars, and sits along the citys highest visibility commercial corridors. It offers a blent of modern renovation, has established customer loyalty, and prime placement within Escanabas developing downtown district. The building features over 2,000 square feet of thoughtfully updated space, including newer mechanicals and a functional front-to-back layout designed for smooth, efficient operations. The basement provides ample storage, and both restrooms have been fully renovated. The front area of the pub offers abundant seating and high-top tables, while the rear section provides plenty of space for groups, events, or additional entertainment. The pool tables are owned, while the dart boards, speaker system, and TouchTunes machines are leased. Upstairs, youll find an apartment space that has been largely gutted. However, the owner shave recently begun the very basic premnliiminary renovation work. This presents a significant value-add opportunity for a buyer to complete the space to their vision, whether as owner-occupied housing, rental income, short-term lodging, or additional storage/office space. Well-known among locals for its excellent cocktails and welcoming, energetic atmosphere, this pub has become a go-to spot for celebrations of all kinds. From holiday gatherings and sporting events to hunting season festivities and themed parties, it remains a reliable hotspot for both regulars and new visitors. Whether youre looking to expand your hospitality portfolio or bring your bar & lounge concept to life, this is your chance to own a proven, turn-key business with added upside potential in the heart of Escanaba.

1117 Ludington Street | MLS# 50194649

This commercial property located at 1117 Ludington Street, Escanaba, MI 49829 is currently listed for sale with an asking price of $550,000. Search Escanaba real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.08 Acres
Taxes: $3,910
Year Built: 1900

Feature Descriptions

Business Type: Bar/Tavern
Days on Site: 148
Licenses: Beer/Wine License, Liquor License
Parking Notes: 11-20 Spaces
Sewer: Public Sanitary
Summer Tax: 2057.25
Water: Public Water
Water Features: None
Winter Tax: 1853.72

Listed By / Shown By

Listed By

Agency Name: NORTHERN MICHIGAN LAND BROKERS
Agency Phone: 906-225-5263

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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