Waterfront Development Land
For Sale
Under Contract
$434,900
509 Lake Street, Ludington, MI 49431
COMMERCIAL - Ludington, MI
Property SizeContact for details
Lot Size1.97 Acres
Days on Market1675
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: Aug 4
Last Checked: Sep 3 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 waterfront land parcel offers investment and development flexibility, with the property positioned to overlook PM Lake. The listing indicates the land may support multiple development directions, including room to build condos or apartments, subject to applicable approvals.
Located in the City of Ludington’s waterfront district, the parcel is described as being near marinas, fishing boat charters, and the Boat Club. The remarks also state the property is within an Opportunity Zone.
Permitted uses referenced in the listing include multi-family residences, many types of businesses, professional offices, museums, and banks. Address: 509 Lake Street, Ludington, MI 49431.
Located in the City of Ludington’s waterfront district, the parcel is described as being near marinas, fishing boat charters, and the Boat Club. The remarks also state the property is within an Opportunity Zone.
Permitted uses referenced in the listing include multi-family residences, many types of businesses, professional offices, museums, and banks. Address: 509 Lake Street, Ludington, MI 49431.
Key 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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Waterfront land parcel overlooking PM Lake in Ludington’s waterfront district, with multiple potential permitted 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: 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.
