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509 Lake Street

Ludington, MI 49431
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Acres1.97

Acres(Lot)

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.

Detail Ic Property Details

Property Type : Land

Price : $434,900

AD Id : 43838241

MLS Id : 22003093

Lot Size : 1.97 Acres(Lot)

County : Mason

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Feature Features

  • Lot Information

    Lot Dimensions: 860x100 Lot Description: Buildable, Cleared Lot Size Area: 1.97 Acres Lot Square Feet: 85,813 Waterfront: Lake

    Property Information

    Property Type: Land Sub Type: Commercial Land MLS Area Minor: MasonOceanaManistee - O

  • Listing Price Information

    Listing Id: 22003093 ist Price: $434,900 Listing Terms Cash, Conventional, Contract
  • Listing Information

    Possession: Close Of Escrow

  • Tax Information

    Parcel Number: 53-051-590-040-01 Annual Tax: $2,774 Tax Year: 2020 Taxes: see attached for legals for both parcels

  • School Information

    Senior High School District: Ludington
  • Utility Information

    Natural Gas Available, Electricity Available, Cable Available, None
  • Location Information

    Direction: From Washington St, go west just north of the bridge (Lake St -but not well marked) or From Dowland, south on delia to property
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Land, Ludington, MI, 49431 $200,000 -- -- -- 2.01 Acres(Lot)
W Wilson, Ludington, MI, 49431 $1,000,000 -- -- -- 319.03 Acres(Lot)
156 N Stiles Road, Ludington, MI, 49431 $19,500 -- -- -- 0.46 Acre(Lot)
2655 W Us-10, Ludington, MI, 49431 $99,000 -- -- -- 6 Acres(Lot)
4919 N Victory Corner R.., Ludington, MI, 49431 $369,000 3 1 2,450 36.97 Acres(Lot)
3843 Us-10, Ludington, MI, 49431 $354,775 -- -- -- 0.91 Acre(Lot)
W Us Highway 10, Ludington, MI, 49431 $268,900 -- -- -- 0.69 Acre(Lot)
5766 Pere Marquette Hig.., Ludington, MI, 49431 $89,000 -- -- -- 1.94 Acres(Lot)
4376 S Pere Marquette H.., Ludington, MI, 49431 $44,900 -- -- -- 0.93 Acre(Lot)
Us-10, Ludington, MI, 49431 $119,900 -- -- -- 3.73 Acres(Lot)

ByOwner last updated this listing 06/18/2026 @ 01:30

MLS: 22003093 LISTED BY: Mary Jo Pung, Greenridge Realty S Rath SOURCE: Michigan Regional Information Center (MichRIC)

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