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111 W Ludington Avenue

Ludington, MI 49431
  • $1,400,000
  • STATUS: Active
  • ON SITE: 266 days
  • MLS #: 20046469
UPDATED: 43 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.

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© 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-30T00:00:06.61.
www.gingerbaxtergroup.com/homes/111635200
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111 W Ludington Avenue Ludington, MI 49431

  • Price: $1,400,000
  • Status: Active
  • Updated: 43 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. © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-07-30T00:00:06.61.
 
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