Listing Agency: Greenridge Realty, Inc.

Listed By: Mary Jo Pung · License #6502373040 Show Phone

Source: Crexi

Added: Apr 23, 2024 Changed: Oct 26 Last Checked: Oct 28 at 7:33AM

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Investment Insights

Based on property information with market context.

This investment property offers potential views of PM Lake and possibly Lake Michigan. Situated in the waterfront district of Ludington, the parcel is located near marinas, fishing boat charters, and the Boat Club. Permitted uses include multi-family residences, various types of businesses, professional offices, museums, and banks. The property allows for the construction of condos or apartments and is located in an Opportunity Zone, potentially offering tax incentives for investors.

Key Highlights

• Overlooking PM Lake and possibly Lake Michigan.
• Located in the heart of Ludington's waterfront district.
• Zoned for multi‑family residences and various businesses.

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Pharmacy Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

596

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

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Frequently Asked Questions

What type of property is this?

Commercial land - Investment property overlooking PM Lake, near marinas and fishing charters.

Where is this commercial land located?

The property is located at 509 Lake St 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: Overlooking PM Lake and possibly Lake Michigan.; Located in the heart of Ludington's waterfront district.; Zoned for multi‑family residences and various businesses.