Ludington, MI Residential Income Properties for Sale

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Updated: Sep 3

Renovated Short-Term Rental Property

414 E Ludington Avenue, Ludington, MI 49431

$650,000

2,198 sqft 0.19 AC lot

2,198‑square‑foot property on a 0.19‑acre site
Three fully furnished suites with full kitchens
Unit mix includes two 2‑bedroom/2‑bath suites and one 1‑bedroom/1‑bath suite
Renovated in 2020; originally built in 1954
Dedicated laundry/utility space, office, and two newer water heaters

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Updated: Apr 17

Blu Moon Mixed-Use Property

121 & 125 S James Street, Ludington, MI 49431

$849,000

8,208 sqft 0.11 AC lot

8,208‑square‑foot mixed‑use building on 0.11 acres
Operating restaurant and bar with Class C liquor license
Rooftop patio includes wet bar, open‑air seating, and covered seating
One 2‑bedroom apartment and two 1‑bedroom apartments
Two parcels at 121 and 125 S. James Street in downtown Ludington

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Waterfront Duplexes

6105 N Grace Avenue, Ludington, MI 49431

$339,000

0.40 AC lot

Two residences share one tax ID, with lake views, a well, septic system, and tenant interest in continued occupancy.

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Mixed-Use Property with Rooftop Patio

121125 121 & 125 S James St, Ludington, MI 49431

$849,000

8,208 sqft

Restaurant and bar operation combined with three rental apartments, business assets, and a full dry basement.

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Updated Duplex with Two Units

504 E Dowland Street, Ludington, MI 49431

$320,000

0.08 AC lot

Two residential units offer updated kitchens, laundry hookups, and recent exterior improvements.

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Two-Unit Duplex with Off-Street Parking

208 S Washington Avenue, Ludington, MI 49431

$189,900

0.17 AC lot

Well-maintained duplex with two one-bedroom units, private outdoor space, and convenient access to downtown amenities.

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Furnished Duplex Near Beach

706 W Loomis Street, Ludington, MI 49431

$438,000

0.19 AC lot

The two-unit layout supports daily, weekly, and monthly rental use under existing city grandfathering.

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Furnished Short-Term Rental Suites

414 E Ludington Ave, Ludington, MI 49431

$650,000

Renovated lodging property with three furnished suites, full kitchens, dedicated utility space, and an office.

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Lakefront Marina with RV Sites

846 S Lakeshore Drive, Ludington, MI 49431

$849,900

800 sqft 1.70 AC lot

Waterfront operation with boat slips, RV sites, and updated docks and shoreline improvements.

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RV Sites and Boat Slips

Ludington, MI 49431

$849,900

1.70 AC lot

Turnkey business opportunity with RV sites and boat slips.

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Residential Income Property

Ludington, MI 49431

$339,000

Built in 1981 with forced-air and baseboard heating systems and paved exterior improvements.

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Duplex With Updated Units

504 E Dowland St, Ludington, MI 49431

$320,000

Duplex with two 3-bedroom, 1-bath units, laundry hookups, and recent exterior and kitchen upgrades.

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Furnished Two-Unit Duplex

706 W Loomis Street, Ludington, MI 49431

$438,000

8,276 sqft

Furnished duplex with established daily, weekly, and monthly rental use.

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Downtown Ludington Condo with Deck

200 S Robert #54, Ludington, MI 49431

$428,000

Condo in the heart of downtown Ludington with great accessibility.

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Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 14 Active listings in Ludington, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Rebuilt Apartment Buildings

9523 N Business 31, Pentwater, MI 49449

$2,700,000

2.19 AC lot

Fully occupied residential property includes ten long-term rental units plus separate owner and management accommodations.

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Historic Two-Unit Duplex

259 S WYTHE STREET, Pentwater, MI 49449

$495,000

Two separate living spaces include kitchens, dining areas, and living rooms.

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Well-Maintained Duplex Investment

206 S Main St, Scottville, MI 49454

$550,000

Two-unit duplex with remodeled interiors, separate electric meters, and parking for each unit on a large lot.

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Two-Unit Duplex with Attached Garage

212214 212-214 Taylors Ct, Scottville, MI 49454

$295,000

Two residences feature open layouts, appliance packages, main-floor laundry, full basements, and covered front porches.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Corner Commercial Land

302 S James Street, Ludington, MI 49431

$450,000

0.22 AC lot

Corner parcel with Maritime Commercial zoning and public water and sewer service in downtown Ludington.

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Waterfront Land Parcel

509 Lake Street, Ludington, MI 49431

$434,900

1.97 AC lot

Lakefront land in Ludington’s waterfront district with cable availability and multiple stated development uses.

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Waterfront Marina Property

510 Lake Street, Ludington, MI 49431

$2,200,000

52,000 sqft 4.50 AC lot

Lakefront marina site with boat slips and an existing structure requiring removal.

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Ludington Bluffside Retreat Opportunity

2989 S Lakeshore Drive, Ludington, MI 49431

$464,999

2.57 AC lot

2.56-acre parcel with private beach access in Ludington, MI.

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Ludington, MI Residential Income Properties Market Trends and Statistics

Explore 14 residential income properties for sale in Ludington, MI, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 27,690 square feet of properties for sale, with an estimated market value of $7,509,700.

Sale prices for residential income properties in Ludington, MI start at $189,900, averaging $536,407, and reaching up to $849,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 17K

Population Growth (5Y) -2.2%

Median Household Income $63,313

College Educated 41.1%

High-Yield Neighborhoods for Investment

Identify Ludington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49431	$559.4K

Listings Trend

New vs delisted commercial listings in Mason County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Mason County

Retail

Property Size Breakdown

The majority of commercial real estate listings in Ludington fall within the 10,000 to 25,000 square foot range.

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