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.
Under contract
$434,900
509 Lake St, Ludington, MI 49431
--beds
--baths
1.97Acres
Land
Built in ----
1.97 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 1629 days |
- 68 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Mary Jo Pung 231-690-1587,
Greenridge Realty S Rath 231-843-6868
Source: Realcomp II,MLS#: 67022003093
Facts & features
Property
Features
- Has view: Yes
- Waterfront features: Lake, Public Lake
Lot
- Size: 1.97 Acres
- Dimensions: 860 x 100
- Features: Buildable, Cleared
Details
- Parcel number: 5305159004001
- Zoning description: Other
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Ludington
Financial & listing details
- Tax assessed value: $47,631
- Annual tax amount: $2,773
- Date on market: 2/1/2022
- Cumulative days on market: 1630 days
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Contract,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Contingent | $434,900 |
Source:  Realcomp II #67022003093 Report a problem | ||
| 6/25/2025 | Price change | $434,900+13% |
Source: Realcomp II #67022003093 Report a problem | ||
| 1/9/2025 | Listed for sale | $384,900 |
Source: Realcomp II #67022003093 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 49431
Nearby schools
GreatSchools rating
- 7/10Ludington Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 7/10O.J. DeJonge Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Ludington High SchoolGrades: 9-12Distance: 1 mi
- $265,0003 bd2 ba1.2k sqft703 S Delia St, Ludington, MI 49431Sold
- $134,800-- bd-- ba-- sqft706 S Lavinia St, Ludington, MI 49431Off Market
- $82,400-- bd-- ba-- sqft318 E Dowland St, Ludington, MI 49431Off Market
- $83,600-- bd-- ba-- sqft322 E Dowland St, Ludington, MI 49431Off Market
- $185,5003 bd2 ba2.5k sqft329 E Dowland St, Ludington, MI 49431Off Market
- $182,800-- bd-- ba-- sqft402 E Dowland St, Ludington, MI 49431Off Market
- $116,400-- bd-- ba-- sqft609 S Delia St, Ludington, MI 49431Off Market
- $188,200-- bd-- ba-- sqft311 E Dowland St, Ludington, MI 49431Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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