509 Lake Street
Ludington, MI 49431
1.97Acres(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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Lot Information
Lot Dimensions: 860x100 Lot Description: Buildable, Cleared Lot Size Area: 1.97 Acres Lot Square Feet: 85,813 Waterfront: LakeProperty Information
Property Type: Land Sub Type: Commercial Land MLS Area Minor: MasonOceanaManistee - O
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Listing Price Information
Listing Id: 22003093 ist Price: $434,900 Listing Terms Cash, Conventional, Contract -
Listing Information
Possession: Close Of Escrow
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Tax Information
Parcel Number: 53-051-590-040-01 Annual Tax: $2,774 Tax Year: 2020 Taxes: see attached for legals for both parcels
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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
How much is this property worth?
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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) |
Similar Land To 509 Lake Street
Nearby For Sale
ByOwner last updated this listing 06/18/2026 @ 01:30
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