509 Lake Street, Ludington, MI 49431

$335,000
Property Type: Land Lot Size (sq. ft.): 85,813 Status: Sold
Current Price: $335,000 List Date: 1/05/2024 Last Modified: 9/16/2026

Overview

Description

Fantastic 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.

Listing Details MLS# 22003093

Location Property Info

County
Mason
Street #
509
Street Name
Lake
Suffix
Street
State
MI
Zip Code
49431

General Property Info

Property Sub-Type
Commercial Land
Lot Measurement
Acres
Lot Square Footage
85813
Lot Acres
1.97
Lot Dimensions
860x100
Road Frontage
860
Waterfront
No
School District
Ludington

Tax Info

Tax ID #
53-051-590-040-01
Taxable Value
47631
SEV
89500
For Tax Year
2020
Seller's Annual Property Tax
2773.74
Tax Year
2020
Spec Assessment & Type
none known
Zoning
W

Remarks Misc

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

Status Change Info

Under Contract Date
2026-07-10
Sold Date
2026-09-14
Sold Price/Acre
170050.76

More Information

Waterfront Options

Water Access Y/N
No

Property Features

Water Type: Lake Current Use: Commercial Lot Description: Buildable; Cleared Street Type: Public Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available Utilities Attached: None Terms Available: Cash; Conventional; Land Contract Mineral Rights: Unknown Sale Conditions: None Docs at List Office: Aerial Photo; Plat Map; Survey Possession: Close Of Escrow

Documents

IDX
Listing Office: Greenridge Realty S Rath
Listing Agent: Mary Jo Pung
Source MLS Verified
Last Updated: September - 16 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.