510 Lake Street Ludington, MI ^$ 2,200,000

510 Lake Street

^$ 2,200,000

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510 Lake Street

Ludington, MI, 49431

^$ 2,200,000

Bedrooms-- Baths-- Sq 52,000

Monthly Estimate*

^$ 13,725

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Commercial Property for sale in Ludington, MI

for $2,200,000. This 52,000 square foot 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.

Commercial Pending

Price

^$ 2,200,000

Property Type

Commercial

Taxes

^$ 19,291

Style

Commercial/Industrial

Lot Size

4.5

Year Built

1924

Town/City

Ludington

County/Region

Mason

MLS | Web ID

70273907

Features

General

Heating None

Status Pending Pending

Year Built 1924

County Mason

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Other/See Remarks

Municipality Ludington

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ludington (53020)

Primary City Ludington

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

Financial Terms Cash

Legal Description **Lengthy Legal on file

DOM 1146

Postal Code 49431

Price Per Sq Ft Total AG 42.31

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

Exterior

Frontage 502

Body of Water Pere Marquette Lake

Lot Size Area 4.5

Lot Dimensions 502 x 735 Irregular

Water Features Dock/Pier Facility Lake/River Access Water View All Sports Lake

Roads City/County Paved Street

Waterfront Y/N Yes

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Debby Stevenson

Listing Agent

Greenridge Realty S Rath

Broker

deb@debstevenson.com

Affordability Calculator

$15,333

Per Month

Monthly Principal & Interest: $13,725
Monthly Property Taxes: $1,608
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Ludington, MI

Average List Price ^$618,050

Percent of Sale Price 72%

About Ludington, MI

8,282 Population

0% Since 2002

^$36,498 Median Income

41.21 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/17/2024	$2,200,000	-8.33%	Price Down
10/9/2022	$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 52,000 sqft and a lot size of 4.5. 510 Lake Street was built in 1924. The property's zip code is 49431 which is in Ludington, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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510 Lake Street

Commercial Property for sale in Ludington, MI

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