Waterfront Marina Development
For Sale
$2,200,000
510 Lake Street, Ludington, MI 49431
COMMERCIAL - Ludington, MI
Property Size52,000 SF
Lot Size4.50 Acres
Price / SF$42.31
Days on Market1491
Property Features for 510 Lake Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Waterfront Dist
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Elementary school district
Ludington
Middle school district
Ludington
High school district
Ludington
Directions
Head west on US-10/ Ludington Ave. Turn left onto S Washington Ave. Turn right onto Lake St. 510 will be on the left.
Subdivision
MasonOceanaManistee - O
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
**Lengthy Legal on file
Tax Annual Amount
18959
Legal Description
**Lengthy Legal on file
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
(231) 843-6868
Listed By:
Debby Stevenson · License #6502347161
(231) 510-5727
Added: Jul 22, 2022
Changed: Aug 4
Last Checked: Aug 20 at 9:06PM
MLS# 22030991
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 property offers approximately 4.5+ acres on the shore of Pere Marquette Lake in Ludington, MI, with approximately 735 feet of water frontage and approximately 502 feet of road frontage. The marina includes 35 boat slips.
The site also features a 50,000-square-foot building on the East end that has collapsed, and the structure will need to be removed.
The combination of shoreline and road frontage makes the property suited for development or redevelopment planning tied to the marina presence and the existing waterfront improvements.
The site also features a 50,000-square-foot building on the East end that has collapsed, and the structure will need to be removed.
The combination of shoreline and road frontage makes the property suited for development or redevelopment planning tied to the marina presence and the existing waterfront improvements.
Key Highlights
- Approx. 4.5+ acres on the shore of Pere Marquette Lake (Lake Michigan port in Ludington, MI)
- Approx. 735 ft of water frontage and 502 ft of road frontage
- 35 boat slips included in the marina
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Marina - Waterfront land with 35 boat slips, approximately 735 feet of water frontage, and 502 feet of road frontage.
Where is this marina located?
The property is located at 510 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: Approx. 4.5+ acres on the shore of Pere Marquette Lake (Lake Michigan port in Ludington, MI); Approx. 735 ft of water frontage and 502 ft of road frontage; 35 boat slips included in the marina
