For Sale
510 Lake Street, Ludington, MI 49431
$2,200,000
MLS # 22030991 (Michigan Regional Information Center (MichRIC))
4 bathsBuilt 19244.5 acres
1 / 41
Listing Description
City of Ludington - Development and/or Business opportunity - Approx 4.5+ acres on the shore of Pere Marquette Lake, which is also the Lake Michigan port in the harbor town of Ludington, MI. Approx 735ft of water frontage & 502 ft of road frontage. 35 boat slips in the marina. Looking to create something new for the future? Prime development property for condo community or REHAB the old building and create new living spaces. The 50,000sq ft building has collapsed on the East end and the structure will need to be removed. Don't miss this opportunity to convert a legacy property into your vision for the future.
Source: SparkMLS
About this home
4-bath home in Ludington in Ludington built in 1924.
Asking $2,200,000.
Annual property taxes run approximately $18,959 ($1,580/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Fiber internet is available at this address with download speeds up to 7,000 Mbps across 10 providers. Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeRetail
Bathrooms4
Lot Size4.5 acres
Year Built1924
Location
CityLudington
MunicipalityLudington
Zip Code49431
CountyMason
School DistrictLudington
Construction & Systems
HeatingNone
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer
Sale & Financing
Listed12/7/2025
Original Price$2,400,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$18,959
Tax Year2025
Assessed Value$323,129
Parcel #53-051-590-001-00
Source: SparkMLS
Legal Description
**Lengthy Legal on file
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Debby Stevenson
Greenridge Realty S Rath
Frequently Asked Questions about 510 Lake Street, Ludington, MI 49431
What school district is 510 Lake Street, Ludington, MI 49431 in?
Per MLS# 22030991, this property is served by Ludington. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 510 Lake Street, Ludington, MI 49431?
Per MLS# 22030991, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 22030991, the most recent reported annual property tax for 510 Lake Street, Ludington, MI 49431 is $18,959 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 510 Lake Street, Ludington, MI 49431 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 510 Lake Street, Ludington, MI 49431 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 510 Lake Street, Ludington, MI 49431?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 7.0 Gbps. 10 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Ludington police department or the Mason County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$14,269
Principal & interest$14,269
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
7 Gbps
Upload
7 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteFixed WirelessDSL
10 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
510 Lake Street, Ludington, MI 49431
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Municipality
Ludington
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