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:
11/06/2023
Last Modified:
3/10/2025
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.
More Information MLS# 22030991
Location Property Info
County: Mason
Street #: 510
Street Name: Lake
Suffix: Street
State: MI
Zip Code: 49431
Zip (4): 2356
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Active
Current Price: $2,200,000
List Price: $2,200,000
Listing Date: 2022-07-22
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: 1
# Fin Bldg Lvls: 1
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
Annual Property Tax: 19291.7
Tax Year: 2024
Spec Assessment & Type: none
Zoning: Waterfront Dist
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
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: March - 10 - 2025
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