Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1010 N Rath Ave, Unit 1 Ludington, MI 49431

    For Sale
    $920,000

    LAND - 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
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5305123530500
    Lot size
    1.45 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

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

    Listing agent Lois Mitzelfeld (231) 845-7500

    Listing date Nov 6, 2025

    MLS# 25024037 Listing URL

    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: Residential & Commercial

    This property features 9 platted city lots approved for limitless residential and commercial possibilities. Potential uses include selling individual lots, building two-family homes per lot, with the possibility of three- or four-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. Lots 4 and 5 have an outbuilding with electric and a cement floor. The property is located seven 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 1.45 acres. Possible Brownfield Development funds may be available. Buyers are responsible for verifying 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
    -86.449267
    Latitude
    43.969751

    Nearby Similar for Sale

    • $595,000
      14.50 Acres

      Versatile Income Property on 14.6 Acres

      Income-producing property with multiple rental units and a pole barn.
      1907 W Sugar Grove Rd, Ludington, MI 49431
      View Details
    • $450,000
      0.39 Acres

      Ludington Multifamily Investment Opportunity

      Four-unit property in Ludington, near downtown and the beach.
      210 N Lavinia St, Ludington, MI 49431
      View Details
    • $399,000
      0.29 Acres

      Ludington Multi-Family Investment Opportunity

      Four-unit multi-family property in the heart of Ludington, Michigan.
      724 E Ludington Ave, Ludington, MI 49431
      View Details
    • $895,000
      3,480 SF

      Turnkey Motel and Ice Cream Shop

      Successful motel and ice cream shop near Ludington State Park.
      1882 N Lakeshore Dr, Ludington, MI 49431
      View Details
    • $929,000
      19,960 SF

      Established Bowling Alley with Restaurant

      Thriving business opportunity with real estate in Mason County.
      2253 Us-10, Ludington, MI 49431
      View Details
    • $729,000
      16,960 SF

      Bowling Center and Restaurant Space

      Commercial space with bowling center, restaurant, and additional storage.
      2253 W Us-10, Ludington, MI 49431
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Platted city lots near Lake Michigan with residential/commercial potential.
    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 offer limitless residential and commercial possibilities.; - Build multi-family homes with potential for 2-4 family dwellings per lot.; - 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
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1010 N Rath Ave, Unit 1
    Ludington, MI 49431
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.