509 Lake Street Ludington, MI ^$ 434,900

509 Lake Street

^$ 434,900

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509 Lake Street

Ludington, MI, 49431

^$ 434,900

Studio Baths0.0

Monthly Estimate*

^$ 2,678

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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.

Lots and Land Active

Price

^$ 434,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 2,773

Style

Vacant Land

Lot Size

1.97

Town/City

Ludington

County/Region

Mason

MLS | Web ID

70245903

Features

Exterior

Frontage 860

Lot Size Area 1.97

Lot Dimensions 860x100

Lot Description Cleared

Water Features Lake/River Access

Roads City/County

Waterfront Y/N No

General

Status Active Active

Style Vacant Land

County Mason

Class VACANT LAND

Type Vacant Land

Municipality Ludington

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ludington (53020)

Primary City Ludington

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

School District Ludington Area School District

Financial Terms Cash Conventional Land Contract

Legal Description see attached for legals for both parcels

DOM 1450

Postal Code 49431

Price Per Sq Ft Total AG 220761.42

Public Remarks 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

* Excluded Features

List By

Mary Jo Pung

Listing Agent

Greenridge Realty S Rath

Broker

mjpung@greenridge.com

Affordability Calculator

$2,909

Per Month

Monthly Principal & Interest: $2,678
Monthly Property Taxes: $231
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Lots and land listings in Ludington, MI

Average List Price ^$244,340

Percent of Sale Price 44%

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.

3909089 Elementary School

3909090 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/9/2022	$344,400		Listed Price

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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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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509 Lake Street

Lots and Land for sale in Ludington, MI

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