510 Lake Street $2,400,000

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    510 Lake Street Ludington, MI 49431

    • 52,000 sq. ft.
    • 4.50 Acres
    • Commercial
    • MLS# 22030991
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    Views: 179 Days On Site: 846

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    Property Details

    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.

    • General Features
      • Year Built 1924
      • New Construction Y/N false
      • Business Type Other
      • County Or Parish Mason
      • Property Sub Type Retail/Commercial
      • Tax Annual Amount 16426.84
    • Building Features
      • Building Area Total 52000.0
      • Number Of Units Total 1
      • Heating None
      • Full Bathrooms 4
      • Bathrooms 4
    • Property Features
      • Lot Size Acres 4.5
      • Lot Size Area 4.5
      • Number Of Buildings 5
      • Water Body Name Pere Marquette Lake
      • Water Source Public
      • Waterfront Y/N true
    • Schools
      • High School District Ludington

    Neighborhood

    49431 (Ludington) Demographics

    47 Median Age
    140 Population Density (per sq. mile)
    38% College Educated
    $52,578 Estimated Median Income
    5,348 Estimated Total Home Owners
    2,241 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,286 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $285,000 Median Sales Price
    33 Homes Sold
    34 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,400,000
        7/22/2022 8:14:00 AM New in Database Source: Multiple Listing Service New Value: $2,400,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.