Waterfront Investment Property
For Sale
Contact for pricing
509 Lake St, Ludington, MI 49431
Investment property overlooking PM Lake, near marinas and fishing charters.
Property SizeContact for details
Days on Market872
Property Features for 509 Lake St
General Information
Standard status
Active
Property subtype
Land, Mixed Use
Zoning
W
Listing Agency:
Greenridge Realty, Inc.
Listed By:
Mary Jo Pung · License #6502373040
(231) 690-1587
Source:
Crexi
Added: Apr 23, 2024
Changed: Sep 10
Last Checked: Sep 10 at 8:33AM
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, Inc.
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
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Open Analytics
Current Use
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.
