612 N Lakeshore Drive Ludington, MI 49431

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$5,100,000

Market Estimate

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18,928 sq. ft.
2.52 Acres
Commercial
MLS# 70413149

612 N Lakeshore Drive, Ludington, MI 49431

Listing provided courtesy of: Greenridge Realty S Rath - swinczewski@greenridge.com

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Property Details

Description

Welcome to your dream investment opportunity in the waterfront city of Ludington, Michigan! Presenting a magnificent 39-unit motel, situated on over 2.5 acres, that exudes charm, comfort, and endless possibilities. Located just one block away from the Stearns Park beach, on the sugar sand shore of Lake Michigan, this gem offers the perfect blend of convenience, relaxation, and natural beauty.Step onto the property and be greeted by open green spaces, meticulously maintained for guests' enjoyment. The saltwater pool provides a refreshing oasis for guests to unwind and soak up the sun. Whether it's a delightful morning swim or a leisurely afternoon by the poolside, this amenity is sure to delight. With plenty of parking available, guests can easily park by their room for convenient

General Features
- Acreage 2.52
- Area Municipality Ludington (53020)
- Body of Water Lake Michigan
- County Mason
- Originating MLS Mason Oceana Manistee Board of REALTORS
- Ownership LLC
- Total SqFt Finished 18928
- Waterfront Y/N No
- Year Built 1890
Building Features
- Exterior Construction Frame, Wood
- Heating System Forced Air
- FUEL TYPE Natural Gas
Property Features
- Water Public Water, Public Water at Street
- Lot Size 454.41x191.50
- Roads City/County, Paved Street
- Sewer Septic Public Sanitary, Public At Street

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: $5,100,000
6/17/2024 12:24:00 PM	New in Database Source: Multiple Listing Service	New Value: $5,100,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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.