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.
Lot/land
Price increase: $50K (6/25)
$434,900
509 Lake St, Ludington, MI 49431
--beds
--baths
1.97Acres
Land
Built in ----
1.97 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 1289 days
- on Zillow |
- 149 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: June 25, 2025 at 02:52am
Listed by:
Mary Jo Pung 231-690-1587,
Greenridge Realty S Rath 231-843-6868
Source: Realcomp II,MLS#: 67022003093

Travel times
Facts & features
Property
Features
- Has view: Yes
- Waterfront features: Lake, Public Lake
Lot
- Size: 1.97 Acres
- Dimensions: 860 x 100
- Features: Buildable, Cleared
Details
- Parcel number: 5305159004001
- Zoning description: Other
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Ludington
Financial & listing details
- Tax assessed value: $47,631
- Annual tax amount: $2,773
- Date on market: 2/1/2022
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Contract,Conventional
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