509 Lake Street
Ludington, MI 49431

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Description

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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Unimproved Land
• Listing Status: Active
• County/Area: Mason County
• Zip Code: 49431
• School District: Ludington
• Lot Size: 1.97 acres
• Waterfront: Lake Front
• Cross Street: Delia
• Directions: From Washington St, go west just north of the bridge (Lake St -but not well marked) or From Dowland, south on delia to property
• List Price Acre: 220761.42
• Lot Features: Buildable, Cleared
• Lot Size Area: 1.97
• Lot Size Square Feet: 85813
• Lot Size Units: Acres
• MLS Area Major: MasonOceanaManistee - O
• MLS Area Minor: MasonOceanaManistee - O
• Main Type: Land
• Parcel Number: 53-051-590-040-01
• Possession: Close Of Escrow
• Road Frontage: 860
• SEV: 89500
• Spec Assessment Type: none known
• Street Type: Public
• Tax Annual Amount: 2773.74
• Tax Legal Description: see attached for legals for both parcels
• Tax Year: 2020
• Terms Available: Conventional, Cash, Land Contract
• Township: Ludington
• Util Availat Street: Cable Available, Electricity Available, Natural Gas Available
• Utilities: None, Cable Available, Electricity Available, Natural Gas Available
• Water Access: No
• Zoning Description: W