510 Lake Street, Ludington, MI 49431 (MLS# 22030991)

510 Lake Street, Ludington, MI 49431

$2,200,000

Property Type: Commercial Sale Square Footage: 52,000 Lot Size (sq. ft.): 196,020 Status: Active

Current Price: $2,200,000 List Date: 12/08/2025 Last Modified: 12/26/2025

Description

City of Ludington - Development and/or Business opportunity - Approx 4.5+ acres on the shore of Pere Marquette Lake, which is also the Lake Michigan port in the harbor town of Ludington, MI. Approx 735ft of water frontage & 502 ft of road frontage. 35 boat slips in the marina. Looking to create something new for the future? Prime development property for condo community or REHAB the old building and create new living spaces. The 50,000sq ft building has collapsed on the East end and the structure will need to be removed. Don't miss this opportunity to convert a legacy property into your vision for the future.

More Information MLS# 22030991

Location Property Info

County: Mason Street #: 510 Street Name: Lake Suffix: Street State: MI Zip Code: 49431 Zip (4): 2356 Area: MasonOceanaManistee - O

OfficeContract Info

Status: Active Current Price: $2,200,000 List Price: $2,200,000 Listing Date: 2022-07-22

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 4.5 Lot Square Footage: 196020 Lot Dimensions: 502 x 735 Irregular Year Built: 1924 Road Frontage: 502 Mineral Rights: Unknown Total # Units: 1 # Fin Bldg Lvls: 1 Total # Bldgs: 5 Total SqFt: 52000 Property Use Type: Investment Full Baths: 4 Waterfront: Yes Body of Water: Pere Marquette Lake School District: Ludington Statewide Lakes & Rivers: Pere Marquette Lake

Tax Info

Tax ID #: 53-051-590-001-00 Taxable Value: 313414 SEV: 704500 For Tax Year: 2024 Seller's Annual Property Tax: 19291.7 Tax Year: 2024 Spec Assessment & Type: none Zoning: Waterfront Dist

Remarks Misc

Directions: Head west on US-10/ Ludington Ave. Turn left onto S Washington Ave. Turn right onto Lake St. 510 will be on the left.

Waterfront Options

Water Access Y/N: Yes Water Frontage: 750

Property Features

Water Type: Lake Uses: Other Ownership: Other Business Includes: Real Estate; Other Construction Type: Other Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: None Street Type: Paved; Public Purchase Terms Avail: Cash; Other Sale Conditions: None Possession: Close Of Escrow

Documents

Lead Based Paint Disclosure ›

Lengthy Legal ›

Lot sketch ›

Aerials ›

Zoning Map with Info ›

City of Ludington - Zoning Map ›

Waterfront District - Zoning Ordinances ›

All Documents Packet ›

Listing Office: Greenridge Realty S Rath

Listing Agent: Debby Stevenson

Last Updated: December - 26 - 2025

510 Lake Street, Ludington, MI 49431- MLS# 22030991

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