Property Type:
Commercial Sale
Square Footage:
52,000
Lot Size (sq. ft.):
196,020
Status:
Pending
Current Price:
$2,200,000
List Date:
9/05/2025
Last Modified:
10/10/2025
510 Lake Street, Ludington, MI 49431
$2,200,000
Description
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.
More Information MLS# 22030991
Location & Property Info
Cross Streets: Washington Ave
Property Sub-Type: Retail
Municipality: Ludington
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 42.31
Prop Avail for Lease?: No
Current Bldg Use: Commercial/Light Manufacturing
General Property Info
New Construction: No
Lot Dimensions: 502 x 735 Irregular
Road Frontage: 502
Mineral Rights: Unknown
Waterfront: Yes
Body of Water: Pere Marquette Lake
Total # Units: 1
Total # Bldgs: 5
# Fin Bldg Lvls: 1
Total SqFt: 52000
Property Use Type: Investment
Statewide Lakes & Rivers: Pere Marquette Lake
School District: Ludington
Lot Measurement: Acres
Lot Acres: 4.5
Lot Square Footage: 196020
Year Built: 1924
Full Baths: 4
Tax Info
Taxable Value: 313414
SEV: 704500
For Tax Year: 2024
Seller's Annual Property Tax: 19291.7
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: none
Zoning: Waterfront Dist
Tax ID #: 53-051-590-001-00
Remarks & Misc
Public Remarks: 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.
Legal: **Lengthy Legal on file
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 750
Water Type
Lake: 1
Water Fea. Amenities
All Sports: 1
Dock: 1
Private Frontage: 1
View: 1
Street Type
Paved: 1
Public: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Other: 1
Construction Type
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Other: 1
Heat Type
None: 1
Business Includes
Real Estate: 1
Other: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Purchase Terms Avail
Cash: 1
Other: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Mason
Street #: 510
Street Name: Lake
Suffix: Street
State: MI
Zip Code: 49431
Zip (4): 2356
Area: MasonOceanaManistee - O
OfficeContract Info
Status: Pending
Current Price: $2,200,000
List Price: $2,200,000
Listing Date: 2022-07-22
Remarks Misc
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.
Status Change Info
Under Contract Date: 2025-10-08
Property Features
Water Type: Lake
Uses: Other
Ownership: Other
Business Includes: Real Estate; Other
Construction Type: Other
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: None
Street Type: Paved; Public
Purchase Terms Avail: Cash; Other
Sale Conditions: None
Possession: Close Of Escrow
Documents
Lead Based Paint Disclosure ›
Listing Office:
Greenridge Realty S Rath
Listing Agent:
Debby Stevenson
Last Updated: October - 10 - 2025
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