Waterfront
Address
510 Lake Street, Ludington, MI
Price
$ 2,400,000
Property Attributes
- MLS#22030991
- TypeCommercial
- CountyMASON
- CityLudington
- AreaLudington
- NeighborhoodLudington
- Zip49431
- StyleBusiness
- Year Built1924
- Taxes$ 16426
- Price$ 2,400,000
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Lot Size4.5 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property 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!
| Price History | |
|---|---|
| 7/22/2022 | Listed $2,400,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Phone Available,Storm Sewer Available,Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Cable Available,Phone Connected,Natural Gas Connected,Electric Connected |
| Possession | Close Of Escrow |
| Year Built | 1924 |
| Township | Ludington |
| Property SubType | Business |
| Tax Year | 2021 |
| Business Type | Other |
| Waterfront Features | All Sports,Dock,Private Frontage |
| Community Features | Lake |
| County | Mason |
| New Construction | No |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Head west on US-10/ Ludington Ave. Turn left onto S Washington Ave. Turn right onto Lake St. 510 will be on the left. |
| City | Ludington |
| Body of Water | Pere Marquette Lake |
| High School District | Ludington |
| Zoning Description | Waterfront Dist |
| Total Units | 1 |
| MLS Area | MasonOceanaManistee - O |
| Lot Size Square Feet | 196020.0 |
| Waterfront Y/N | Yes |
| Street Name | Lake |
| Land Lease Y/N | No |
| Tax Annual Amount | 16426.84 |
| Lease Renewal Y/N | No |
| MLS Area Minor | MasonOceanaManistee - O |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 654 |
| Standard Status | Active |
| Tax Assessed Value | 275196 |
| MobileHomeRemainsYN | No |
| Legal Description | **Lengthy Legal on file |
| Senior Community | None |
Interior Features
| Total Fireplaces | 5 |
|---|---|
| Total Stories | 1 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Full Baths | 4 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
| Total Baths | 4 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | {u'Other': True,u'Real Estate': True} |
| Lot Size Area | 4.5 |
| Foundation Details | Other |
| Number of Buildings | 5 |
| Spa | No |
| Building Area Total | 52000.0 |
| Lot Dimensions | 502 x 735 Irregular |
| Lot Size Acres | 4.5 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49431
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 12, 2024 2:10 PM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
