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    N Rath Ave Ludington, MI 49431

    For Sale
    $125,000

    LAND - Ludington, MI

    Lot size:
    0.23 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for N Rath Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5305123530500
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

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

    Listing agent Lois Mitzelfeld (231) 845-7500

    Listing date Nov 6, 2025

    MLS# 25024053 Listing URL

    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 Multi-Use Building Lot

    This 0.23-acre multi-use building lot is located in downtown Ludington, offering frontage on Bryant and Rath Road. The property provides visibility for a business and is situated approximately seven blocks from Lake Michigan, with a short walk to downtown. Walking trails are located across the street. The property is suitable for building a year-round home, a summer escape, or opening a business. Lots 4 and 5 include an outbuilding with electric and cement flooring. The property is also available as one large parcel which includes all 9 city lots. Contingent upon city split approval with accepted offer.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.449152
    Latitude
    43.969935

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    FAQs

    What type of property is this?
    Commercial land - Multi-use building lot in downtown Ludington, near Lake Michigan.
    Where is this commercial land located?
    The property is located at N Rath Ave 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: - Multi-use building lot with Bryant and Rath Road frontage, offering fantastic visibility for a business.; - Prime downtown Ludington location, just 7 blocks from Lake Michigan and a short walk to downtown.; - Multiple lots available, including adjoining multi-use lots for limitless residential and commercial opportunities.
    (231) 845-7500
    Request Owner's contact information
    N Rath Ave 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

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    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
    N Rath Ave Ludington, MI 49431
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