507 E Foster St, Ludington, Mason County, MI

Listing description

What the seller provided

RESSEGUIE'S ADDITION ENTIRE BLOCK 11. This is a 30's/40's era grade school building with several additions of different periods. It is in a great Ludington neighborhood. It was closed by the school district within the last decade or so, and sold to a third party developer, who has since abandoned it. The building is structurally sound, but has been vandalized in the form of broken windows (boarded now) and some graffiti inside. Otherwise, the building is in generally solid condition. It is clear that this property was well maintained until the district sold it. There are electrical upgrades dated 2007 and other obvious infrastructure improvements that are not old. We did not see any roof issues transmitting to the inside other than one small leak in a central atrium. We found and are attaching floor plan maps. We include many photographs but did not attempt to document every room as it would just be redundant. Things that we DID see: Barrier free design. Up to date HVAC. Network ethernet infrastructure appears intact. What we did NOT see: Any over signs of asbestos, including in the original two story portion of the building (general observations). Roof leaks. Broken or vandalized fixtures. Boilers (removed). It also has a very minimal kitchen and no room specified as a cafeteria. The lunch ladies of yore would have been distressed by lack of a place to make the mystery meat. Maybe they had it all Door-dashed ? The potential for this property is substantial. You'll want to check with the zoning people, but it would make an impressive corporate campus, private educational facility or various forms of housing or nursing care. Again ... zoning and community buy-in are important here. We did notice that the boilers have been removed. . The overall synopsis is thus: This is a well maintained, solid, modern infrastructure building that has a myriad of uses. This sale includes two parcels, which incorporates the playground and parking area across the street to the south of the building.

Record details

County

Mason

Parcel #

051-311-001-00

Local unit

CITY OF LUDINGTON

Delinquent taxes

$15,900

State equalized value

$104,000