Waterfront Land
For Sale
Under Contract
$434,900
509 Lake Street, Ludington, MI 49431
Land, Ludington, MI
Property SizeContact for details
Lot Size1.97 Acres
Days on Market1683
Property Features for 509 Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
W
Lot features
Buildable, Cleared
Elementary school district
Ludington
Middle school district
Ludington
High school district
Ludington
Directions
From Washington St, go west just north of the bridge (Lake St -but not well marked) or From Dowland, south on delia to property
Subdivision
MasonOceanaManistee - O
Standard status
Active Under Contract
APN
53-051-590-040-01
Lot size
1.97 Acres
Taxes and HOA fees
Tax Year
2020
Tax Description
see attached for legals for both parcels
Tax Annual Amount
2774
Legal Description
see attached for legals for both parcels
Utilities
Utilities
Cable Available
Water front features
Lake
Water front
1
Listing Agency:
Greenridge Realty S Rath
(231) 843-6868
Listed By:
Mary Jo Pung · License #6502373040
(231) 690-1587
Added: Feb 1, 2022
Changed: Sep 7
Last Checked: Sep 11 at 7:06AM
MLS# 22003093
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.97-acre waterfront land parcel is located at 509 Lake Street in Ludington, Michigan. The property is positioned within the city’s waterfront district and includes cable availability. The parcel is identified as being in an Opportunity Zone and may support a range of development concepts under the stated permitted uses.
Permitted uses include multifamily residences, professional offices, museums, banks, and other business applications. The site may also accommodate condominium or apartment development. Its setting near marinas, fishing boat charters, and the Boat Club adds established waterfront context for future planning.
Permitted uses include multifamily residences, professional offices, museums, banks, and other business applications. The site may also accommodate condominium or apartment development. Its setting near marinas, fishing boat charters, and the Boat Club adds established waterfront context for future planning.
Key Highlights
- 1.97‑acre waterfront land parcel
- Located at 509 Lake Street in Ludington, MI 49431
- Situated in the city’s waterfront district
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 49431, MI
17,044
Population
9,959
Households
1.7
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
96.1 sq mi
ZIP Area
177
Density / Sq Mi
$63,313
Median Household Income
$36,924
Median Earnings
$850
Median Rent
$218,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Lakefront land in Ludington’s waterfront district with cable availability and multiple stated development uses.
Where is this waterfront land located?
The property is located at 509 Lake Street 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: 1.97‑acre waterfront land parcel; Located at 509 Lake Street in Ludington, MI 49431; Situated in the city’s waterfront district
