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510 Lake Street Ludington, MI $ 2,200,000
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$ 2,200,000 Get more info
510 Lake Street
$ 2,200,000
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Share Save

510 Lake Street

Ludington, MI, 49431
$ 2,200,000
Bedrooms-- Baths4.0

Monthly Estimate*

$ 13,725

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Commercial Property for sale in Ludington, MI

for $2,200,000 with 4 full baths. This building was built in 1924 on a lot size of 4.5.

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.

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Commercial Pending

Price

$ 2,200,000

Full Bath

4

Property Type

Commercial

Taxes

$ 19,291

Style

Retail

Lot Size

4.5

Year Built

1924

Town/City

Ludington

County/Region

Mason

MLS | Web ID

22030991
Features
General
Heating None
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Storm Sewer
Possession Close Of Escrow
Year Built 1924
Township Ludington
Property Subtype Retail
Tax Year 2024
Business Type Other
Waterfront Features Lake
County Mason
New Construction N
Property Type Commercial Sale
Full Baths 4
Status Pending
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.
City Ludington
Body of Water Pere Marquette Lake
High School District Ludington
Zoning Description Waterfront Dist
Number Of Units Total 1
MLS Area MasonOceanaManistee - O
Lot Size Units Acres
Lot Size Square Feet 196020.0
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 19291.7
Lease Renewal Y/N N
MLS Area Minor MasonOceanaManistee - O
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Pending
Tax Assessed Value 313414
Legal Description **Lengthy Legal on file
Senior Community None
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Exterior
Inclusions Other Real Estate
Lot Size Area 4.5
Number of Buildings 5
Spa N
Building Area Total 52000.0
Lot Dimensions 502 x 735 Irregular
Lot Size Acres 4.5
Road Surface Type Paved
Waterfront Y/N Y
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
Dock True
Private Frontage True
View True
All Sports True
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Interior
Total Stories 1
Basement (Y/N) N
Heating Y/N N
Total Baths 4
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Internal Only
Street Number 1 510
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* Excluded Features
List By
Greenridge Realty S Rath

Broker

deb@debstevenson.com

Email

Affordability Calculator

$15,333
Per Month
90%
10%
0%
Monthly Principal & Interest
$13,725
Monthly Property Taxes
$1,608
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
12/17/2024$2,200,000 -8.33% Price Down
7/22/2022$2,400,000 Listed Price

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510 Lake Street, Ludington, MI, 49431 is a Commercial Property for sale at $2,200,000 with a lot size of 4.5. 510 Lake Street has 4.0 baths and was built in 1924. The property's zip code is 49431 which is in Ludington, MI

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