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Improved Mixed-Use Land for Sale in Ludington, Michigan
510 Lake St, Ludington, MI 49431
$2,200,000
4.5 acres
Active
$200k drop
Est $12,387/moCity 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.
52,000
Sq feet
4
Full baths
1924
Built
Location
- Street address
- 510 Lake St
- County
- Mason County
- Community
- MasonOceanaManistee - O
- School district
- Ludington
- Elevation
- 591 feet
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.
Property details
- Acreage
- 4.5 acres
- MLS #
- MichRIC 22030991
- Posted
Property taxes
- 2024
- $19,292 - **Lengthy Legal on file
Parcels
- 53-051-590-001-00
Details and features
Listing
- Type
- Residential
- Subtype
- Retail
Lot
- Waterfront
- Lake
Structure
- Stories
- 1
Interior
- Rooms
- Bathroom x 4
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 8, 2025 | Back on market | $2,200,000 | — | MichRIC |
| Oct 10, 2025 | Under contract | $2,200,000 | — | MichRIC |
| Sept 5, 2025 | Back on market | $2,200,000 | — | MichRIC |
| Aug 10, 2025 | Under contract | $2,200,000 | — | MichRIC |
| Dec 17, 2024 | Price drop | $2,200,000 | $200,000 -8.3% | MichRIC |
| May 11, 2024 | New listing | $2,400,000 | — | MichRIC |
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