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 Details
Property Features
Listing Office:
Office Name: Greenridge Realty S Rath
Office Phone: (231) 843-6868
Listing Agent: Mary Jo Pung
Lot Features
Lot Information:
Lot Size: 1.97 Acres
Other
Directions Information:
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
Price Information
Listing Price Info
Price Summary:
List Price: $362,000
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Housing Market Comparison
See how this home compares to others in Ludington, MI.
This property is $67K 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: #67022003093
Listing Office:
Office Name: Greenridge Realty S Rath
Office Phone: (231) 843-6868
Listing Agent: Mary Jo Pung
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.
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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 school0.35 miles
Public District Grades 3-5
4
/10
Mason County Central Upper Elementary School
505 W Maple Ave
Distance between this listing and this school7.74 miles
Public District Grades 3-5
5
/10
Mason County Eastern Elementary School
18 S Main St
Distance between this listing and this school11.22 miles
Public District Grades PK-6
Nearby Schools
6
/10
Oj Dejonge Middle School
706 E Tinkham Ave
Distance between this listing and this school1.03 miles
Public District Grades 6-8
5
/10
Mason County Central Middle School
310 W Beryl St
Distance between this listing and this school7.77 miles
Public District Grades 6-8
6
/10
Hart Middle School
308 Johnson St W
Distance between this listing and this school17.61 miles
Public District Grades 5-8
Nearby Schools
7
/10
Ludington High School
508 N Washington Ave
Distance between this listing and this school0.90 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 school5.48 miles
Public District Grades 11-12
4
/10
Mason County Central High School
300 W Broadway Ave
Distance between this listing and this school7.82 miles
The neighbors living near this home have an average income of $27,417. The most common annual income of people living in Ludington, MI is less than $35k. Typical family type is 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 509 Lake St
What is the listing price of this property?
The listing price of 509 Lake St property is $362,000.
What type of property is this?
The property 509 Lake St is land located in Ludington, Michigan, 49431.
Is this property for sale now?
Active Listing: 509 Lake St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 509 Lake St in Ludington, MI and zip code 49431. This home sits on a 1.97 acre lot. It has been listed on Rocket Homes since February 01, 2022 and is currently priced at $362,000.
Over 2 listings were sold over their listed price in October 2024 in Ludington, MI. In the same period over 12 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Ludington, MI increased by 16.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 49 days, the median list price was $295,000.
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. 
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