The Historic House of Ludington located in downtown Escanaba, MI $999,000

Lake Commercial Off Market

The Historic House of Ludington located in downtown Escanaba, MI across Ludington street from a lovely public park on the shores of Lake Michigan's Little Bay de Noc. This building provides a multitude of business opportunity with a historical site that has current income in several facets and opportunities for additional income streams. Currently, the building has 14 long-term apartment rentals along with 7 guest rooms rented on a nightly basis. There is a bar area, the Lud Bar, which seats 65. A main dining room seats 56 with a side dining area that has a huge fireplace, access to a courtyard, and views of the bay. A grand ballroom seats 230 with a private bar and dance floor within the ballroom. This space also has access to another private courtyard with lake views. Weddings, meetings, conventions, anything you can think of is possible and the 7 guest rooms allow lodging on site. Several of these rooms have expansive views over the park of the Lake and they have a classic and unique feel. A huge commercial kitchen has everything needed to run a large scale dining and catering operation. The upper two levels contain the guest rooms and apartments. There is an elevator as well as a main stairway access leading up from the lobby. The main entrance opens into a formal lobby with a front desk and sitting area. The current owners have converted a gift shop area into a residential "apartment" which has a nice living area, bedroom, private bath, kitchen, and large walk-in closet. This is a great chance to invest in a income property with a historical side to it that is the landmark property of the area.