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Waterfront Marina Property
New
For Sale
$2,200,000

510 E Lake Street, Ludington, MI 49431

Commercial Sale, Ludington, MI

Property Size52,000 SF
Lot Size4.50 Acres
Price / SF$42.31
Days on Market7

Property Features for 510 E Lake Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Waterfront Dist
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1
Interior features Broadband
Elementary school Ludington Elementary School
Middle school Oj Dejonge Middle School
High school Ludington High School
Elementary school district Ludington
Middle school district Ludington
High school district Ludington
Directions From US-10/ Ludington Ave West to S Washington Ave, South on Washington Ave to Lake St, West onto Lake St. 510 will be on the left.
Standard status Active
APN 53-051-590-001-00
Size 52,000 SF
Lot size 4.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description See Legal Description attached in documents
Tax Annual Amount 18959
Legal Description See Legal Description attached in documents

Utilities

Utilities Cable Available
Water front features Lake
Water front 1

Building Details

Year built 1924
Floors in Building 1
Number of units 1
Listing Agency: Greenridge Realty S Rath
Listed By: Debby Stevenson · License #6502347161
Added: Sep 29 Changed: Oct 2 Last Checked: Oct 5 at 10:06PM
MLS# 26051869

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.

The 4.5-acre marina property includes 35 slips, a marina service building, restroom facilities, and a fish-cleaning station. Slip bookings extend through October 15, 2026. The site is in the Waterfront zoning district.

Located on Pere Marquette Lake, the property has direct channel access to Lake Michigan, approximately 735 feet of shoreline, and 502 feet of road frontage. Cable is available.

Key Highlights

  • Operating 35‑slip marina with bookings through October 15, 2026
  • 4.5‑acre waterfront site on Pere Marquette Lake
  • Direct channel access to Lake Michigan

Property Analytics

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Current Use

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

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Spa & Massage Center Big Box & Wholesale Store Pharmacy

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

640
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Marina - An operating marina with service amenities occupies a waterfront site with channel access to Lake Michigan.
Where is this marina located?
The property is located at 510 E Lake Street 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: Operating 35‑slip marina with bookings through October 15, 2026; 4.5‑acre waterfront site on Pere Marquette Lake; Direct channel access to Lake Michigan
More about this property
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