Under Contract
509 Lake Street, Ludington, MI 49431
$434,900
0 baths1.97 acres
1 / 16
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.
Price & Status History
Jan 5, 2024MLS #22003093
Listed for sale
$434,900
MLS Listing History1 listing
| Status | List Price | Sale Price | Listed | Sold | Board | |
|---|---|---|---|---|---|---|
| Under Contract | $434,900 | — | Jan 5, 2024 | — | MichRIC | View → |
Tax & Assessment
Parcel Number53-051-590-040-01
Assessed Value$47,631
Annual Tax (2020)$2,774
Property Details
Property TypeLandBathrooms0Lot Size1.97 acresCityLudingtonMunicipalityLudingtonZip Code49431School DistrictLudingtonTerms AcceptedCash, Conventional, Land Contract
Listed by Mary Jo Pung
Greenridge Realty S Rath