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

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

Monthly Estimate*

$ 13,891

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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.

LUDINGTON COMMERCIAL WATERFRONT - 4.5 acres - Prime waterfront development and investment opportunity on Pere Marquette Lake with direct channel access out to Lake Michigan! Spanning 4.5+ acres with approximately 735 ft of shoreline and 502 ft of road frontage, this legacy site is exceptionally positioned near the heart of Ludington's harbor and downtown district. The property features an active 35-slip marina with current slip bookings through October 15, 2026, an existing marina service building, restroom facilities, and a fish cleaning station. Situated in the versatile Waterfront zoning district that encourages mixed-use, multi-family residential, retail, hospitality, or expanded marina operations, this property offers incredible potential and an unbeatable location for your premier waterfront vision. Buyer to verify all information.

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Commercial Active

Price

$ 2,200,000

Full Bath

4

Property Type

Commercial

Taxes

$ 18,958

Style

Business

Lot Size

4.5

Year Built

1924

Town/City

Ludington

County/Region

Mason

MLS | Web ID

26051869
Features
Interior
Interior Amenities Broadband
Total Stories 1
Basement (Y/N) N
Heating Y/N N
Total Baths 4
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General
Heating None
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Storm Sewer
Year Built 1924
Township Ludington
Property Subtype Business
Tax Year 2025
Ownership Private Owned
Business Type Other
Waterfront Features Lake
County Mason
New Construction N
Property Type Commercial Sale
Full Baths 4
Status Active
Directions From US-10/ Ludington Ave West to S Washington Ave South on Washington Ave to Lake St West 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
Lot Size Units Acres
Lot Size Square Feet 196020.0
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 18958.68
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 323129
Legal Description See Legal Description attached in documents
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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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

$15,471
Per Month
90%
10%
0%
Monthly Principal & Interest
$13,891
Monthly Property Taxes
$1,580
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5232938 Elementary School
5060446 Middle School
Ludington High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/29/2026$2,200,000 Listed Price

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510 E Lake Street, Ludington, MI, 49431 is a Commercial Property for sale at $2,200,000 with a lot size of 4.5. 510 E 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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