510 Lake Street Ludington, MI 49431

Active

$2,400,000

Market Estimate

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52,000 sq. ft.
4.50 Acres
Commercial
MLS# 22030991

Listing provided courtesy of: Greenridge Realty S Rath

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Property Details

Description

City of Ludington - Development and/or Business opportunity - Approx 4.5+ acres on the shore of Pere Marquette Lake, which is also the Lake Michigan port in the harbor town of Ludington, MI. Approx 735ft of water frontage & 502 ft of road frontage. This legacy property, known as Thompson Marina, is an operating business with 35 slips. Another piece of the legacy is the 50,000 sq ft, 2 story manufacturing building that once produced products for the printing industry. Looking to create something new for the future? Prime development property for condo community or REHAB the old building and create new living spaces. Options to demo everything and start fresh, or work with what is onsite and convert a legacy into luxurious living w/a refurbished marina & waterfront. NOW is the time!

General Features
- Year Built 1924
- New Construction Y/N false
- Business Type Other
- County Or Parish Mason
- Property Sub Type Business
- Tax Annual Amount 16426.84
Building Features
- Foundation Details Other
- Building Area Total 52000.0
- Number Of Units Total 1
- Full Bathrooms 4
- Bathrooms 4
Property Features
- Lot Size Acres 4.5
- Lot Size Area 4.5
- Number Of Buildings 5
- Water Body Name Pere Marquette Lake
- Water Source Public
- Waterfront Y/N true
- Waterfront Features All Sports, Dock, Private Frontage
Schools
- High School District Ludington

Contact

Adriane Lau

Associate Broker

RE/MAX Real Estate Professionals

Direct: 517-881-5182

Neighborhood

49431 (Ludington) Demographics

47 Median Age

140 Population Density (per sq. mile)

38% College Educated

$52,578 Estimated Median Income

5,348 Estimated Total Home Owners

2,241 Estimated Total Renters

70% / 30% Estimated Owner / Renter Divide

2 Estimated Average Household Size

17,286 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$345,000 Median Sales Price

30 Homes Sold

52 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price
--	Current Price Source: Multiple Listing Service	New Value: $2,400,000
11/6/2023 1:44:24 PM	Status Changed Source: Multiple Listing Service	New Value: Active
7/22/2022 8:14:00 AM	New in Database Source: Multiple Listing Service	New Value: $2,400,000

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** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

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Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 5/3/2024 7:45:29 AM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.