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509 Lake St

Ludington, MI 49431
Active | MLS #19057758 | 616 days on market
beds
Beds
baths
Baths
sq ft
Sq Ft
acres
Acreage
1.97
type
Commercial Land
$328,000
$1,551/mo est*
Interested in this property?
Realtor®

Home Features

heating
Heating
cooling
Cooling
waterfront
Waterfront
No
county
County
Mason
Municipality
Municipality
Ludington
school
School District
Ludington
calendar
Year Built

Details

Opportunity Zone! Invest in this commercial property overlooking Pere Marquette Lake in fabulous Ludington. Many possibilities for this property, including multi-family housing. Zoning would allow for 25-43 housing units. Other possibilities include professional offices, banks, gov't facilities, boat clubs, and many other possible uses. Ludington is on the rise with a lot of development in the area, and especially near the waterfront. Your project could have a view of PM Lake and Lake Michigan. This property is just north of the local Boat Club, close to the Yacht Club and very close to other marinas, as well as charter boats, condos, the future Splash Pad, the Badger and more. Listing includes 2 parcels (509 Lake and 202 Laura). Call for more details
Agent: Mary Jo PungPhone: 231-843-6868

Interior

Exterior

*Estimated monthly payments are based on 3.92% interest rate and 30 year loan term. Please contact your mortgage lender for a monthly payment estimate accurate to you.

Local Market Info

Balanced
Buyer's
Seller's
Ludington is currenty a
Seller's Market

A seller’s market exists when the number of home buyers exceeds the number of homes offered for sale. Sellers will benefit because high demand and low inventory will drive up prices.

Area Demographics

Demographic Icon
Total Population
8057
Demographic Icon
Population Density
2,393
/sq mi.
Demographic Icon
Median YEARLY income
$24,912
Demographic Icon
MEDIAN AGE
45
Demographic Icon
COLLEGE EDUCATED
24%
Demographic Icon
Owner/renter divide
68% / 32%

Listing Stats

+79.5%
Since last Year
Average List Price
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 100,000 100,000 200,000 200,000 300,000 300,000
+30.0%
Since last Year
Number of New Homes on Market
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 5 5 10 10
+31.9%
Since last Year
Average Sale Price
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 100,000 100,000 200,000 200,000
-64.3%
Since last Year
Number of Sold Homes
2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 0 0 5 5 10 10
875 Oak Ridge Rd
Muskegon, MI 49441

Location Hours

M-F
8AM - 4PM walk ins
(Evenings By Appointment)

S-S
By Appointment Only

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