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509 Lake Street Ludington, MI $ 434,900
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$ 434,900 Get more info
509 Lake Street
$ 434,900
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Share Save

509 Lake Street

Ludington, MI, 49431
$ 434,900
Baths0.0

Monthly Estimate*

$ 2,713

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Studio

Lots and Land for sale in Ludington, MI

for $434,900. The lot size is 1.97.

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.

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Lots and Land Active

Price

$ 434,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,773

Style

Commercial Land

Lot Size

1.97

Town/City

Ludington

County/Region

Mason

MLS | Web ID

22003093
Features
General
Utilities Natural Gas Available Electricity Available Cable Available None
Possession Close Of Escrow
Township Ludington
Property Subtype Commercial Land
Tax Year 2020
Current Use Commercial
Waterfront Features Lake
County Mason
Property Type Land
Status Active
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
City Ludington
High School District Ludington
Zoning Description W
MLS Area MasonOceanaManistee - O
Lot Size Units Acres
Lot Size Square Feet 85813.0
Listing Terms Cash Conventional Contract
Land Lease Y/N N
Tax Annual Amount 2773.74
Lease Renewal Y/N N
MLS Area Minor MasonOceanaManistee - O
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 47631
Legal Description see attached for legals for both parcels
Senior Community None
New Construction None
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Exterior
Lot Features Buildable Cleared
Lot Size Area 1.97
Spa N
Lot Dimensions 860x100
Lot Size Acres 1.97
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 509
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* Excluded Features
List By
Greenridge Realty S Rath

Broker

mjpung@greenridge.com

Email

Affordability Calculator

$2,944
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,713
Monthly Property Taxes
$231
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
251574 Elementary School
251186 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/1/2022$328,000 Listed Price

Map

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509 Lake Street, Ludington, MI, 49431 is a Lots and Land for sale at $434,900 with a lot size of 1.97. 509 Lake Street is a studio with 0.0 baths. The property's zip code is 49431 which is in Ludington, MI

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