Just Available!! Right across from the City Marina. Previous restaurant site converted to 4 amazing building sites. Each lot is ready for your building plans with spectacular views and exceptional location. All current improvements on property will be removed by seller and lot will be shovel ready!Not expecting these lots to last long on the market.Get one today and seller will transform the property for your project. Note: Showings are only outside the building. Current use is Commercial.
Property Details
Property Features
Listing Office:
Office Name: GREENRIDGE Realty-Ludington
Office Phone: (231) 843-6868
Listing Agent: Bob Budreau
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Other
Directions Information:
Directions: From US 10 and 31 intersection, go West on US 10 (Ludington Ave to Lewis St (5 blocks from Lake Michigan). Go South (left) to W. Loomis. Property is on the SE corner of Lewis and Loomis. (across from City Marina)
Price Information
Listing Price Info
Price Summary:
List Price: $369,900
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Ludington, MI.
This property is $74.9K more than the Median Sold Price in Ludington, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Mason Oceana Manistee Board of REALTORS®
MLS Number: #67024047054
Listing Office:
Office Name: GREENRIDGE Realty-Ludington
Office Phone: (231) 843-6868
Listing Agent: Bob Budreau
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,914
Per Month
Principal & Interest
$1,847
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,175
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Foster School
505 E Foster St
Distance between this listing and this school0.63 miles
Public District Grades 3-5
4
/10
Mason County Central Upper Elementary School
505 W Maple Ave
Distance between this listing and this school8.27 miles
Public District Grades 3-5
5
/10
Mason County Eastern Elementary School
18 S Main St
Distance between this listing and this school11.78 miles
Public District Grades PK-6
Nearby Schools
6
/10
Oj Dejonge Middle School
706 E Tinkham Ave
Distance between this listing and this school0.94 miles
Public District Grades 6-8
5
/10
Mason County Central Middle School
310 W Beryl St
Distance between this listing and this school8.29 miles
Public District Grades 6-8
6
/10
Hart Middle School
308 Johnson St W
Distance between this listing and this school18.17 miles
Public District Grades 5-8
Nearby Schools
7
/10
Ludington High School
508 N Washington Ave
Distance between this listing and this school0.87 miles
Public District Grades 9-12
9
/10
Academy of Science Math and Technology Early College High Sc
2130 W US Highway 10
Distance between this listing and this school6.02 miles
Public District Grades 11-12
4
/10
Mason County Central High School
300 W Broadway Ave
Distance between this listing and this school8.36 miles
The neighbors living near this home have an average income of $27,417. Typical income of Ludington, MI residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 502 W Loomis
What is the listing price of this property?
The listing price of 502 W Loomis property is $369,900.
What type of property is this?
The property 502 W Loomis is land located in Ludington, Michigan, 49431.
Is this property for sale now?
Active Listing: 502 W Loomis is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 502 W Loomis in Ludington, MI and zip code 49431. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $369,900.
In October 2024 more than 2 listings in Ludington, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 12 were sold below. The number of homes for sale in Ludington, MI increased by 16.2% between September 2024 and October 2024. In October 2024 median list price was $295,000 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
PGA/LPGA
PGA/LPGA
NHRA Drag Racing
Figure Skating
Stein Mart
Big Lots
Chico's
Bonefish Grill
Golden Corral
Bob Evans
Lincoln
Kia
Oldsmobile
Classical
Adult Standards
News