411 S James Street Ludington, MI ^$ 125,000

411 S James Street

^$ 125,000

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411 S James Street

Ludington, MI, 49431

^$ 125,000

Bedrooms-- Baths-- Sq 4,820

Monthly Estimate*

^$ 780

411 S James Street, Ludington, MI 49431 - Image 1

Commercial Property for sale in Ludington, MI

for $125,000. This 4,820 square foot building was built in 1910 on a lot size of 0.11.

PRIME LOCATION FOR THE DEVELOPMENT OF A COMBINED RESIDENTIAL/COMMERCIAL PROJECT IN DOWNTOWN LUDINGTON- The building is NOT salvageable, but the land it sits on is potentially ideal for the mixed use project of your choice. Funds for the demolition and removal of the building, as well as remediation of the soil beneath it, are available through EGLE(formerly DEQ) and the State of Michigan. Buyers would be responsible for paying upfront for a BEA(baseline environmental assessment) and the presentation of a development plan to qualify for state funding. The City of Ludington, EGLE and EPA are all highly motivated to work with qualified candidates to redevelop this prime location in downtown Ludington. Information regarding brownfield funding available through the link provided in AGENT REMAR

Commercial Active

Price

^$ 125,000

Property Type

Commercial

Taxes

^$ 1,432

Style

Commercial/Industrial

Lot Size

0.11

Year Built

1910

Town/City

Ludington

County/Region

Mason

MLS | Web ID

70452283

Features

General

Heating Hot Water

Roof Rubber

Water Public Water

Status Active Active

Year Built 1910

County Mason

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership LLC

Municipality Ludington

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ludington (53020)

Primary City Ludington

Directions Ludington Ave. to James St. South on James St.

City Ludington

Financial Terms Cash

Legal Description ORIGINAL PLAT S 70 FT OF W 50 FT OF LOT 4 & S 46 FT OF LOT 5 BLOCK 60 SUBJECT TO EASEMENTS OF RECORD

DOM 292

Postal Code 49431

Price Per Sq Ft Total AG 25.93

Public Remarks PRIME LOCATION FOR THE DEVELOPMENT OF A COMBINED RESIDENTIAL/COMMERCIAL PROJECT IN DOWNTOWN LUDINGTON- The building is NOT salvageable

Exterior

Exterior Block Brick Frame Stucco Vinyl Siding Wood

Frontage 66

Lot Size Area 0.11

Lot Dimensions 46 x 110 Irregular

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Tim Gibson

Listing Agent

Lighthouse Realty-Ludington

Broker

3pearls4me@gmail.com

Affordability Calculator

$899

Per Month

Monthly Principal & Interest: $780
Monthly Property Taxes: $119
Monthly Home Insurance: --

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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 394%

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
2/14/2025	$125,000		Listed Price

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411 S James Street, Ludington, MI, 49431 is a Commercial Property for sale at $125,000 with 4,820 sqft and a lot size of 0.11. 411 S James Street was built in 1910. 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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411 S James Street

Commercial Property for sale in Ludington, MI

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