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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:
    128
    Last Refresh:
    Dec 5 at 4:06 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 Jul 31, 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

    Downtown Ludington Multi-Use Building Lot

    This 0.23-acre lot is located in downtown Ludington and offers frontage on Bryant and James Streets, providing significant business visibility. Situated just seven blocks from Lake Michigan and within walking distance of downtown, the location also offers convenient access to walking trails directly across the street. The property is suitable for multiple uses, presenting opportunities for both residential and commercial development. It is possible to build a year-round dream home, a summer escape, or open a business. The property is contingent upon city split approval with accepted offer. The buyer is responsible for verifying all information.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ludington
    County
    Mason
    State
    Michigan
    Longitude
    -86.449305
    Latitude
    43.970054

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    FAQs

    What type of property is this?
    Commercial land - Downtown Ludington lot suitable for residential or commercial use.
    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: - Prime downtown Ludington location with Bryant and James St road frontage offering excellent business visibility.; - Multi-use zoning allows for residential or commercial development.; - Close proximity (7 blocks) to Lake Michigan and downtown amenities.
    (231) 845-7500
    Request Owner's contact information
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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

    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
    N Rath Ave Ludington, MI 49431
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