200 W Ludington St | Iron Mountain, MI 49801
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- LoopNet Team
200 W Ludington St
Iron Mountain, MI 49801
Office Property For Sale
Investment Highlights
- Long-Term Single Tenant Master lease through 2033, offering steady income with zero landlord responsibilities.
- 12% Yield: Rare chance to invest with a 12% yield, acting as an equity partner with guaranteed income and full land ownership.
- High-Growth Area: Located in a revitalizing community with major business and residential expansions, ensuring long-term value.
- Strong Guaranty: Backed by Pacific Wind Group and PWA Management LLC, with a proven track record in commercial property operations.
- Added Security: A 3-year personal guaranty provides extra protection alongside the corporate guaranty.
PROPERTY FACTS
Property Type
Building Size
4,180 SF
Building Class
C
Year Built/Renovated
1936/2024
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,180 SF
Building FAR
0.41
Lot Size
0.24 AC
Zoning
Commercial
PROPERTY TAXES
| Parcel Number | 051-104-493-00 | Improvements Assessment | $87,600 |
| Land Assessment | $3,400 | Total Assessment | $91,000 |
PROPERTY TAXES
Parcel Number
051-104-493-00
Land Assessment
$3,400
Improvements Assessment
$87,600
Total Assessment
$91,000
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