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Ludington Waterfront Development Opportunity

510 Lake St Ludington, MI 49431

510 Lake St, Ludington, MI, 49431
$2,200,000
For Sale
$2,200,000

4.5+ acre waterfront property with marina and development potential.

Property Size50,000 SF
Lot Size4.50 Acres
Price / SF$44
Days on Market733

Property Features for 510 Lake St

General Information

Standard status
Active
Size
50,000 SF
Lot size
4.50 Acres
Listing Agency Greenridge Realty S Rath
Listed by Debby Stevenson · License #6502347161
Source Exprealty
Added: Jul 15, 2024 Checked: Jul 16 at 5:39 pm

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenridge Realty S Rath


Investment Insights

Based on property information with market context.

Located in the harbor town of Ludington, Michigan, this property presents a development or business opportunity on the shore of Pere Marquette Lake, which is also the Lake Michigan port. The site encompasses approximately 4.5+ acres and includes around 735 feet of water frontage and 502 feet of road frontage. A marina with 35 boat slips is present on the property. The site contains a 50,000 square foot building that has collapsed on the East end and will need to be removed. This property is suitable for a condo community or rehabilitation of the existing structure into new living spaces.

Key Highlights

  • Prime development opportunity on approximately 4.5+ acres on Pere Marquette Lake (Lake Michigan port).
  • Includes a 35‑boat slip marina.
  • Substantial water frontage: Approximately 735 ft.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Thompson Marina Marina Katfish Charters Tour Operator FISH-n-TALES Charters Tour Operator

Suggested Use

Building Supply Auto Repair Shop Auto Parts Store Spa & Massage Center Pharmacy Big Box & Wholesale Store HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Electrical Service

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

FAQs

What type of property is this?
Commercial land - 4.5+ acre waterfront property with marina and development potential.
Where is this commercial land located?
The property is located at 510 Lake St Ludington, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime development opportunity on approximately 4.5+ acres on Pere Marquette Lake (Lake Michigan port).; Includes a **35‑boat slip marina**.; Substantial water frontage: Approximately 735 ft.
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