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$2,400,000
510 Lake Street
Ludington, MI 49431
MLS# 22030991
52000 sqft
510 Lake Street, Ludington, MI 49431
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510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431 510 Lake Street, Ludington, MI 49431

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!

Details
Maps
Documents
Location & Property Info
County: Mason
Street #: 510
Street Name: Lake
Suffix: Street
State: MI
Zip Code: 49431
Zip (4): 2356
Cross Streets: Washington Ave
Property Sub-Type: Business Opportunity
Area: MasonOceanaManistee - O
Municipality: Ludington
Office/Contract Info
Status: Active
Current Price: $2,400,000
List Price: $2,400,000
Auction or For Sale: For Sale
List Price/SqFt: 46.15
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 1.75
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2022-07-22
Current Bldg Use: Commercial/Light Manufacturing
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 4.5
Lot Square Footage: 196020
Lot Dimensions: 502 x 735 Irregular
Year Built: 1924
Road Frontage: 502
Mineral Rights: Unknown
Total # Units: 1
# Fin Bldg Lvls: 1
Total # Bldgs: 5
Total SqFt: 52000
Property Use Type: Investment
Full Baths: 4
Waterfront: Yes
Body of Water: Pere Marquette Lake
School District: Ludington
Tax Info
Tax ID #: 53-051-590-001-00
Taxable Value: 275196
SEV: 629900
For Tax Year: 2021
Annual Property Tax: 16426.84
Tax Year: 2021
Spec Assessment & Type: none
Zoning: Waterfront Dist
Remarks & Misc
Legal: **Lengthy Legal on file
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.
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 750
Property Features
Water Type: Lake
Water Fea. Amenities: All Sports; Dock; Private Frontage; View
Uses: Other
Ownership: Other
Business Includes: Real Estate; Other
Construction Type: Other
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas; Telephone
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: None
Street Type: Paved; Public
Purchase Terms Avail: Cash; Other
Sale Conditions: None

Listing Office: Greenridge Realty S Rath

Listing Agent: Debby Stevenson

Last Updated: December - 28 - 2023

510 Lake Street, Ludington, MI 49431 - MLS# 22030991
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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