$362,000
Ludington, MI 49431
MLS# 22003093
1 / 14
Property Description
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.
Details
Maps
Documents
None
Current Price: $362,000
Location & Property Info
County: Mason
Street #: 509
Street Name: Lake
Suffix: Street
State: MI
Zip Code: 49431
Cross Streets: Delia
Area: MasonOceanaManistee - O
Municipality: Ludington
Office/Contract Info
Status: Active
List Price: $362,000
Auction or For Sale: For Sale
List Price/Acre: 183756.35
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: $
Listing Date: 2022-02-01
General Property Info
Property Sub-Type: Commercial Land
Lot Measurement: Acres
Lot Square Footage: 85813
Lot Acres: 1.97
Lot Dimensions: 860x100
Road Frontage: 860
Waterfront: No
School District: Ludington
Tax Info
Tax ID #: 53-051-590-040-01
Taxable Value: 47631
SEV: 89500
For Tax Year: 2020
Annual Property Tax: 2773.74
Tax Year: 2020
Spec Assessment & Type: none known
Zoning: W
Remarks & Misc
Directions: From Washington St, go west just north of the bridge (Lake St -but not well marked) or From Dowland, south on delia to property
Legal: see attached for legals for both parcels
Waterfront Options
Water Access Y/N: No
Property Features
Water Type: Lake
Water Fea. Amenities: Public Access 1 Mile or Less
Current Use: Commercial
Lot Description: Buildable; Cleared
Street Type: Public
Util Avail at Street: Cable; Electric; Natural Gas
Utilities Attached: None
Terms Available: Cash; Conventional; Land Contract
Mineral Rights: Unknown
Sale Conditions: None
Docs at List Office: Aerial Photo; Plat Map; Survey
Aerial Map 
Listing Office: Greenridge Realty S Rath
Listing Agent: Mary Jo Pung
Last Updated: January - 06 - 2024
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.