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Mixed-Use Land for Sale in Ludington, Michigan
509 Lake St, Ludington, MI 49431
$434,900
2 acres
Active
Est $3,200/moFantastic opportunity to own investment property overlooking PM Lake and possibly Lake MI. In the heart of the waterfront district of the City of Ludington, this parcel presents so many possibilities. Nestled near marinas, fishing boat charters, and the Boat Club, this is a great time to make your entrepreneurial dreams come true. Permitted uses are multi-family residences, many types of businesses, professional offices, museums, banks, and so much more. There is room to build condos or apartments. The property is in the Opportunity Zone, which could create tax incentives for an investor.
Location
- Street address
- 509 Lake St
- County
- Mason County
- Community
- MasonOceanaManistee - O
- School district
- Ludington
- Elevation
- 591 feet
Directions
From Washington St, go west just north of the bridge (Lake St -but not well marked) or From Dowland, south on delia to property
Property details
- Acreage
- 1.97 acres
- MLS #
- MichRIC 22003093
- Posted
Property taxes
- 2020
- $2,774 - see attached for legals for both parcels
Parcels
- 53-051-590-040-01
Details and features
Listing
- Type
- Commercial Sale
Lot
- Waterfront
- Lake
- Features
- Buildable, Cleared
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 25, 2025 | Price increase | $434,900 | $50,000 13% | MichRIC |
| Jan 4, 2025 | Price increase | $384,900 | $22,900 6.3% | MichRIC |
| May 11, 2024 | New listing | $362,000 | — | MichRIC |
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