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    302 S James St Ludington, MI 49431

    For Sale
    $450,000

    COMMERCIAL - Ludington, MI

    Lot size:
    0.22 Acres
    Days on Market:
    100
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 302 S James St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    53-051-542-001-00
    Lot size
    0.22 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Debby Stevenson (231) 510-5727

    Listing date Aug 29, 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

    Downtown Ludington Corner Lot

    This 0.22-acre corner lot is located in the heart of downtown Ludington and is zoned Maritime Commercial, with setback requirements the same as Central Business District zoning. The lot is approved for a proposed project of 5 townhouses, each 2200 sq ft with 3 bedrooms, 3.5 bathrooms, and a 2-car garage. Other permitted principal uses for this lot include commercial indoor recreational uses, repair and service shops, with residential uses above the first floor. Special land uses offer many more options. Zoning information is available online or upon request. The property, located in Ludington, Michigan, was a gas station for decades, and some environmental cleanup has been done and funded by a state grant. Additional steps may be required at the time of construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -86.448109
    Latitude
    43.95329

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    FAQs

    What type of property is this?
    Commercial land - Development opportunity in the heart of downtown Ludington, Michigan.
    Where is this commercial land located?
    The property is located at 302 S James St Ludington, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime downtown Ludington location on a corner lot (80x120).; - Zoned Maritime Commercial offering flexible usage options.; - Approved for a proposed 5-townhouse development project (2200 sq ft, 3 bed, 3.5 bath, 2-car garage).
    (231) 510-5727
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    302 S James St 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
    302 S James St Ludington, MI 49431
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