509 Lake St Ludington, MI 49431
Estimated payment $2,633/month
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
Utilities
- Cable TV Available
Map
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | New Title Company Name | |
| Quit Claim Deed | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 22003093
APN: 051-590-040-01
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Information is deemed reliable but not guaranteed.
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