$ 362,000
509 Lake Street Ludington, MI 49431
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 362,000
Est. payment /mo
Active
509 Lake Street Ludington, MI 49431
1.97 Acres Lot
UPDATED:
10/21/2024 06:43 PM
Key Details
Property Type Commercial
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
Municipality Ludington
MLS Listing ID 22003093
Annual Tax Amount $2,773
Tax Year 2020
Lot Size 1.970 Acres
Acres 1.97
Lot Dimensions 860x100
Property Description
Fantastic opportunity to own investment property overlooking PM Lake and possibly Lake MI. In the heart of the waterfront district of the City of Ludington, this parcel presents so many possibilities. Nestled near marinas, fishing boat charters, and the Boat Club, this is a great time to make your entrepreneurial dreams come true. Permitted uses are multi-family residences, many types of businesses, professional offices, museums, banks, and so much more. There is room to build condos or apartments. The property is in the Opportunity Zone, which could create tax incentives for an investor.
Location
State MI
County Mason
Area Masonoceanamanistee - O
Direction From Washington St, go west just north of the bridge (Lake St -but not well marked) or From Dowland, south on delia to property
Exterior
Utilities Available None
Waterfront No
Waterfront Description Lake
View Y/N No
Present Use Commercial
Building
Lot Description Buildable, Cleared
Schools
School District Ludington
Others
Tax ID 53-051-590-040-01
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Listed by Greenridge Realty S Rath
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