For Sale
603 S James Street, Ludington, MI 49431
$195,000
MLS # 26027022 (Michigan Regional Information Center (MichRIC))
0.19 acres
1 / 11
Listing Description
Corner Lot. Prime Location. Endless Vision. Located in the heart of Ludington's vibrant waterfront district, this vacant parcel offers an exciting opportunity in the growing South James Street Maritime District. This prime corner lot is just one block from the marina and moments from downtown shopping, restaurants, breweries, Waterfront Park, and Lake Michigan beaches. Zoned F-DC (Form-Based Downtown Core), the property supports a wide range of residential, commercial, and mixed-use possibilities within one of Ludington's most walkable and rapidly evolving areas. Ideal for investors, developers, or visionaries looking to be part of Ludington's continued growth, this parcel offers the flexibility to bring a variety of concepts to life. With the potential for a future multi-story project designed to capture marina, downtown, and SS Badger views, this is a rare opportunity to create something truly special along Ludington's waterfront corridor.
Source: SparkMLS
About this home
Listed at $195,000.
Estimated annual property tax: $1,486, or about $124 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Property SubtypeCommercial Land
Bathrooms0
Lot Size0.19 acres
Location
CityLudington
MunicipalityLudington
Zip Code49431
CountyMason
School DistrictLudington
Construction & Systems
WaterPublic
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Phone Available, None
Sale & Financing
Listed6/3/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,486
Tax Year2025
State Equalized Value$28,700
Taxable Value$25,331
Assessed Value$25,331
Parcel #051-575-007-00
Source: Public Records
Legal Description
ORIGINAL PLAT N 1/2 OF LOTS 7 & 8 BLOCK 75.
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 Dana Allen
LIGHTHOUSE REALTY-Ludington
Frequently Asked Questions about 603 S James Street, Ludington, MI 49431
What school district is 603 S James Street, Ludington, MI 49431 in?
Per MLS# 26027022, 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 603 S James Street, Ludington, MI 49431?
Per MLS# 26027022, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26027022, the most recent reported annual property tax for 603 S James Street, Ludington, MI 49431 is $1,486 (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 603 S James 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, 603 S James 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public Sewer. Water: Public. 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
BETAMulti-Year Tax History
View SEV, Taxable Value, and uncapping difference for this parcel — Mason County public records.
Mortgage Calculator
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Monthly payment$1,265
Principal & interest$1,265
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
603 S James Street, Ludington, MI 49431
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Municipality
Ludington
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