Ludington Waterfront Development
For Sale
$2,200,000
510 Lake St, Ludington, MI 49431
4.5+ acre waterfront property with marina and development potential.
Property Size50,000 SF
Lot Size4.50 Acres
Price / SF$44
Days on Market1492
Property Features for 510 Lake St
General Information
Standard status
Active
Size
50,000 SF
Lot size
4.50 Acres
Taxes and HOA fees
Annual Taxes
$18,958
Listing Agency:
Greenridge Realty S Rath
(231) 510-5727
Listed By:
Debby Stevenson · License #6502347161
(231) 510-5727
Source:
Exprealty
Added: Jul 22, 2022
Changed: Aug 20
Last Checked: Aug 20 at 9:39AM
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
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?
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.
