• 509 Lake Street Ludington, Michigan 49431

  • $362,000
  • 0
    Sq Ft
  • 1.97
    Acres

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. Current use is Commercial.

Property Type :

Vacant Land

County :

Mason

Style :

Vacant Land

Sell a home like this and save $21,221 Find Out How

Property Details

 

Lot Information

Lot Size: 1.97

Lot Dimensions: 860x100

Frontage Feet: 860

Property Information

Financing: Cash,Contract,Conventional

Listing Price Information

Original List Price: $328,000

Listing Information

Possession: At Close

Legal Description: see attached for legals for both parcels

Tax Information

Annual Tax: $2,774

Parcel Number: 5305159004001

Possession

At Close

Legal Information

Legal Description: Section: see attached for legals for both parcels

School Information

School District: Ludington

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3776 N Jebavy Drive , Ludington, MI,49431 $149,900 2 1 1,600 1.31 Acres
5312 W Riverside Lane , Ludington, MI,49431 $54,000 -- -- -- 0.68 Acre
3776 N Jebavy Drive, Ludington, MI,49431 $149,900 2 1 1,600 1.31 Acres
509 Lake Street, Ludington, MI,49431 $362,000 -- -- -- 1.97 Acres
N Jebavy Road, Ludington, MI,49431 $44,900 -- -- -- 0.68 Acre
Us-10, Ludington, MI,49431 $139,900 -- -- -- 3.73 Acres
106 W Danaher Street , Ludington, MI,49431 $247,500 -- -- -- 0.19 Acre
106 W Danaher Street, Ludington, MI,49431 $247,500 -- -- -- 0.19 Acre
3240 Us-10 , Ludington, MI,49431 $189,900 -- -- -- 33.57 Acres
3240 Us-10, Ludington, MI,49431 $189,900 -- -- -- 33.57 Acres
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/02/2024 @ 01:36

MLS: 539511366
LISTED BY: Mary Jo Pung , Greenridge Realty S Rath
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $21,221 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion