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

    509 Lake St Ludington, MI 49431

    For Sale
    $434,900

    COMMERCIAL - Ludington, MI

    Lot size:
    1.97 Acres
    Days on Market:
    62
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 509 Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    53-051-590-040-01
    Lot size
    1.97 Acres

    Utilities

    Utilities
    Cable Available
    Water front features
    Lake
    Water front
    1

    GREENRIDGE Realty-Ludington (231) 843-6868

    Listing agent Mary Jo Pung (231) 843-6868

    Listing date Oct 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

    Waterfront Investment Opportunity in Ludington

    This 1.97-acre commercial land offers an investment opportunity in the waterfront district of Ludington, Michigan. The parcel overlooks PM Lake and potentially Lake Michigan. Its location is near marinas, fishing boat charters, and the Boat Club. Permitted uses include multi-family residences, various types of businesses, professional offices, museums, and banks. There is potential for constructing condos or apartments. The property is located in an Opportunity Zone, which may provide tax incentives for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.443348
    Latitude
    43.948458

    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?
    Commercial land - Investment property overlooking PM Lake in the heart of Ludington.
    Where is this commercial land located?
    The property is located at 509 Lake St Ludington, MI.
    What is the asking price?
    The asking price for this property is $434,900.
    What are key features of this property?
    This property features: - Overlooks PM Lake and possibly Lake MI, offering waterfront views.; - Located in the heart of Ludington's waterfront district, near marinas and boat charters.; - Permitted uses include multi-family residences, businesses, offices, museums, and banks.
    (231) 843-6868
    Request Owner's contact information
    509 Lake St 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.
    509 Lake St
    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
    509 Lake St 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.