509 Lake St Ludington, MI 49431
Estimated payment $2,527/month
Total Views
44,975
1.97
Acres
$220,761
Price per Acre
85,813
Sq Ft Lot
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,774
Lot Details
- 1.97 Acre Lot
- Lot Dimensions are 860x100
- Cleared Lot
Additional Features
- Property is near a lake
- Cable TV Available
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,863 | $73,000 | $73,000 | $0 |
| 2024 | -- | $31,300 | $31,300 | $0 |
| 2023 | -- | $31,300 | $31,300 | $0 |
| 2022 | -- | $31,300 | $0 | $0 |
| 2021 | -- | $31,300 | $0 | $0 |
| 2020 | -- | -- | $0 | $0 |
| 2019 | -- | -- | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Price Changed | $434,900 | +13.0% | -- |
| 01/04/2025 01/04/25 | Price Changed | $384,900 | +6.3% | -- |
| 01/06/2024 01/06/24 | Price Changed | $362,000 | +5.1% | -- |
| 08/13/2022 08/13/22 | Price Changed | $344,400 | +5.0% | -- |
| 02/01/2022 02/01/22 | For Sale | $328,000 | -- | -- |
Source: MichRIC
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | New Title Company Name | |
| Quit Claim Deed | -- | -- |
Source: Public Records
About the Listing Agent
She is super excited to help you with all your real estate needs in the Ludington area, along the Lake Michigan shore of western Michigan. Her experience as a full-time realtor since 2001 will instill the confidence you need to allow her to be the one to help you. She has closed 100s of transactions and gained industry knowledge that she hopes will be just what you are looking for in a realtor. It is her requirement that you be provided with exceptional service from beginning to end. It is
Mary Jo's Other Listings
Source: MichRIC
MLS Number: 22003093
APN: 051-590-040-01
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Information is deemed reliable but not guaranteed.
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