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    1010 N Rath Ave, Unit 1 Ludington, MI 49431

    For Sale
    $920,000

    COMMERCIAL - Ludington, MI

    Lot size:
    1.45 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 1010 N Rath Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    53 05123530500
    Lot size
    1.45 Acres

    Utilities

    Utilities
    Cable Available

    Building Details

    Number of units
    1

    Lighthouse Realty Ludington Manistee (231) 845-7500 [email protected]

    Listing agent Lois Mitzelfeld (231) 845-7500

    Listing date Nov 6, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ludington Land with Development Potential

    This property features 9 platted city lots approved for limitless residential and commercial possibilities. Potential uses include selling individual lots, building 2-family homes per lot (with the possibility of 3-4 family dwellings per lot), or adult and family day care. The commercial zoning on the north end of the property offers an abundance of possibilities as well. The property is located just 7 blocks from Lake Michigan, the Ludington Lighthouse, and the beach, and a short bike ride from Downtown Ludington, the Badger car ferry, and the city marina. The lot size is approximately 1.45 acres. Possible Brownfield Development funds may be available. Buyer to verify zoning, taxes, property dimensions and all information.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.449303
    Latitude
    43.96974

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    FAQs

    What type of property is this?
    Residential land & home lot - Platted city lots near Lake Michigan with residential/commercial possibilities.
    Where is this residential land & home lot located?
    The property is located at 1010 N Rath Ave, Unit 1 Ludington, MI.
    What is the asking price?
    The asking price for this property is $920,000.
    What are key features of this property?
    This property features: - 9 platted city lots APPROVED for limitless residential and commercial possibilities.; - Potential for multiple family homes per lot (2-4 dwellings possible).; - Commercial zoning on the North end of the property.
    (231) 845-7500
    Request Owner's contact information
    1010 N Rath Ave, Unit 1 Ludington, MI 49431
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    Ludington, MI 49431
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1010 N Rath Ave, Unit 1 Ludington, MI 49431
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