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Ludington Waterfront Development Opportunity

510 Lake St, Ludington, MI 49431

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For Sale

$2,200,000

4.5+ acre waterfront property with marina and development potential.

Property size:

50,000 SF

Lot size:

4.50 Acres

Price / SF:

$44/SF

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.
Significant road frontage: Approximately 502 ft.
Potential for condo community development or rehabilitation of existing structure.
Legacy property with opportunity to create a new vision for the future.

We can help!

Contact an agent

Debby Stevenson

For Sale

$2,200,000

4.5+ acre waterfront property with marina and development potential.

Property size:

50,000 SF

Lot size:

4.50 Acres

Price / SF:

$44/SF

Added:: Jul 15, 2024
Days on Market:: 723
Last Refresh:: Jan 14 at 8:19 am

Property Features for 510 Lake St

General Information

Standard status: Active
Size: 50,000 SF
Lot size: 4.50 Acres

We can help!

Contact an agent

Debby Stevenson

Listing office Greenridge Realty S Rath

Listing date Jul 15, 2024

Source Exprealty

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

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.
Significant road frontage: Approximately 502 ft.
Potential for condo community development or rehabilitation of existing structure.
Legacy property with opportunity to create a new vision for the future.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

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

Suggested Use

Location Insight

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Local Demand

City: Ludington
County: Mason
State: Michigan
Longitude: -86.4427
Latitude: 43.9477

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For sale
Commercial land
MI
Ludington
49431
510 Lake St

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.