510 Lake Street, Ludington, MI 49431 (MLS# 22030991)
510 Lake Street, Ludington, MI 49431
$2,200,000
Property Type:
Commercial Sale
Square Footage:
52,000
Lot Size (sq. ft.):
196,020
Status:
Active
Current Price:
$2,200,000
List Date:
12/08/2025
Last Modified:
12/26/2025
Overview
Description
City of Ludington - Development and/or Business opportunity - Approx 4.5+ acres on the shore of Pere Marquette Lake, which is also the Lake Michigan port in the harbor town of Ludington, MI. Approx 735ft of water frontage & 502 ft of road frontage. 35 boat slips in the marina. Looking to create something new for the future? Prime development property for condo community or REHAB the old building and create new living spaces. The 50,000sq ft building has collapsed on the East end and the structure will need to be removed. Don't miss this opportunity to convert a legacy property into your vision for the future.
Listing Details MLS# 22030991
Location Property Info
- County
- Mason
- Street #
- 510
- Street Name
- Lake
- Suffix
- Street
- State
- MI
- Zip Code
- 49431
- Zip (4)
- 2356
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 4.5
- Lot Square Footage
- 196020
- Lot Dimensions
- 502 x 735 Irregular
- Year Built
- 1924
- Road Frontage
- 502
- Mineral Rights
- Unknown
- Total # Units
- Yes
- # Fin Bldg Lvls
- Yes
- Total # Bldgs
- 5
- Total SqFt
- 52000
- Property Use Type
- Investment
- Full Baths
- 4
- Waterfront
- Yes
- Body of Water
- Pere Marquette Lake
- School District
- Ludington
- Statewide Lakes & Rivers
- Pere Marquette Lake
Tax Info
- Tax ID #
- 53-051-590-001-00
- Taxable Value
- 313414
- SEV
- 704500
- For Tax Year
- 2024
- Seller's Annual Property Tax
- 19291.7
- Tax Year
- 2024
- Spec Assessment & Type
- none
- Zoning
- Waterfront Dist
- Homestead %
- 0
Remarks Misc
- Directions
- Head west on US-10/ Ludington Ave. Turn left onto S Washington Ave. Turn right onto Lake St. 510 will be on the left.
Waterfront Options
- Water Access Y/N
- Yes
- Water Frontage
- 750
More Information
Location & Property Info
- Cross Streets
- Washington Ave
- Property Sub-Type
- Retail
- Area
- MasonOceanaManistee - O
- Municipality
- Ludington
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 42.31
- Prop Avail for Lease?
- No
- Current Bldg Use
- Commercial/Light Manufacturing
Remarks & Misc
- Public Remarks
- City of Ludington - Development and/or Business opportunity - Approx 4.5+ acres on the shore of Pere Marquette Lake, which is also the Lake Michigan port in the harbor town of Ludington, MI. Approx 735ft of water frontage & 502 ft of road frontage. 35 boat slips in the marina. Looking to create something new for the future? Prime development property for condo community or REHAB the old building and create new living spaces. The 50,000sq ft building has collapsed on the East end and the structure will need to be removed. Don't miss this opportunity to convert a legacy property into your vision for the future.
- Legal
- **Lengthy Legal on file
Water Type
- Lake
- Yes
Water Fea. Amenities
- All Sports
- Yes
- Dock
- Yes
- Private Frontage
- Yes
- View
- Yes
Street Type
- Paved
- Yes
- Public
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Other
- Yes
Construction Type
- Other
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- Other
- Yes
Heat Type
- None
- Yes
Business Includes
- Real Estate
- Yes
- Other
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Storm Sewer
- Yes
Purchase Terms Avail
- Cash
- Yes
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Water Type:
Lake
Uses:
Other
Ownership:
Other
Business Includes:
Real Estate; Other
Construction Type:
Other
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St:
Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer
Heat Source:
Natural Gas
Heat Type:
None
Street Type:
Paved; Public
Purchase Terms Avail:
Cash; Other
Sale Conditions:
None
Possession:
Close Of Escrow
Documents
Lead Based Paint Disclosure ›
Listing Office:
Greenridge Realty S Rath
Listing Agent:
Debby Stevenson
Last Updated: December - 26 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.