For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Investment Opportunity in Ludington Title is generated by Realmo AI

    509 Lake Street, Ludington, MI 49431

    View on Map
    Claim this Listing
    For Sale
    $434,900

    COMMERCIAL - Ludington, MI

    Lot size:
    1.97 Acres
    Added:
    Feb 1, 2022
    Days on Market:
    1591
    Last Refresh:
    Jun 11 at 11:06 pm

    Property Features for 509 Lake Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    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

    Utilities

    Utilities
    Cable Available
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Mary Jo Pung
    Mary Jo Pung

    Listing agent Mary Jo Pung License #6502373040

    Listing office Greenridge Realty S Rath 300 S Rath Ave Suite 101, Ludington, MI

    Listing date Feb 1, 2022

    MLS# 22003093 Listing URL

    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.

    HighLights

    • 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.
    • Opportunity to build condos or apartments.
    • Located in an Opportunity Zone, potentially offering tax incentives.
    • Cable Available

    Overview

    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 Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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

    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 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: 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.
    More about this property
    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