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    411 S James St Ludington, MI 49431

    Picture of Commercial land at S James St 411, Ludington, MI
    For Sale
    $125,000

    SINGLE_FAMILY - Ludington, MI

    Type:Retail
    Property size:
    4,820 SF
    Lot size:
    0.11 Acres
    Days on Market:
    296
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 411 S James St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    5305156000560
    Interior features
    Broadband
    Size
    4,820 SF
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    1
    Building materials
    Stucco, Vinyl Siding, Brick
    Roof type
    Rubber

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

    Listing agent Tim Gibson (231) 845-7500

    Listing date Feb 14, 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

    Prime Downtown Development Opportunity

    This property presents a prime location for developing a combined residential and commercial project in downtown Ludington. While the existing building is not salvageable, the land offers potential for a mixed-use project. Funding for demolition, building removal, and soil remediation may be available through EGLE (formerly DEQ) and the State of Michigan. To qualify for state funding, buyers would be responsible for upfront payment for a Baseline Environmental Assessment (BEA) and presenting a development plan. The City of Ludington, EGLE, and EPA are motivated to collaborate with qualified candidates to redevelop this location. The property is 0.11 acres and the building size is 4820 square feet.
    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
    -86.447414
    Latitude
    43.952078

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    FAQs

    What type of property is this?
    Commercial land - Land suitable for a combined residential/commercial project in downtown Ludington.
    Where is this commercial land located?
    The property is located at 411 S James St Ludington, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Prime downtown Ludington location ideal for a combined residential/commercial project.; - Potential for state funding to cover demolition, removal, and soil remediation through EGLE.; - City of Ludington, EGLE, and EPA are highly motivated to support redevelopment.
    (231) 845-7500
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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
    411 S James St Ludington, MI 49431
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