For Sale
701 W Loomis Street, Ludington, MI 49431
$1,600,000
MLS # 26032981 (Michigan Regional Information Center (MichRIC))
2 beds1 bath768 sqftBuilt 19600.17 acres
1 / 45
Listing Description
Exceptional waterfront redevelopment opportunity in the heart of Ludington! Located directly across from the Ludington Municipal Marina, this rare offering includes an updated ranch home plus four residential lots (one improved), creating endless possibilities for future development. Potential uses include luxury homes, custom residences, townhomes, or low-rise condominiums (subject to approvals). Occupying nearly three-quarters of a city block, the property offers marina views, excellent frontage, and is just minutes from downtown, parks, beaches, restaurants, and shopping. The existing 2-bedroom, 1-bath home was completely renovated in 2018, including the interior, exterior, and a detached 2-car garage. Both bedrooms offer water views, and public utilities are available. The seller has already consulted with the City and a surveyor regarding future parcel configurations, making this an outstanding opportunity for builders, developers, and investors.
Source: SparkMLS
About this home
This 2-bedroom, 1-bath, 768 sq ft home built in 1960 sits in Ludington in Ludington.
Asking $1,600,000 (about $2,083/sq ft).
Estimated annual property tax: $56,542, or about $4,712 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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area768 sqft
Lot Size0.17 acres
Year Built1960
Stories1
Location
CityLudington
MunicipalityLudington
Zip Code49431
CountyMason
School DistrictLudington
Construction & Systems
StyleRanch
ConstructionVinyl Siding
BasementCrawl Space
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Available, Electricity Available, Cable Available, Cable Connected, High-Speed Internet
InteriorBroadband
Sale & Financing
Listed6/29/2026
Terms AcceptedCash, FHA, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$56,542
Tax Year3144
State Equalized Value$187,800
Taxable Value$56,542
Assessed Value$58,068
Parcel #051-125-001-00
Source: Public Records
Legal Description
ASSESSOR'S PLAT OF TENTH ADDITION, LOTS 1, 2, & 3
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 Rudy Acuna
eXp Realty, LLC
Frequently Asked Questions about 701 W Loomis Street, Ludington, MI 49431
What school district is 701 W Loomis Street, Ludington, MI 49431 in?
Per MLS# 26032981, 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 701 W Loomis Street, Ludington, MI 49431?
Per MLS# 26032981, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26032981, the most recent reported annual property tax for 701 W Loomis Street, Ludington, MI 49431 is $56,542 (3144). 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 701 W Loomis 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, 701 W Loomis 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. 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.
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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$10,378
Principal & interest$10,378
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
701 W Loomis Street, Ludington, MI 49431
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Municipality
Ludington
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