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$434,900

  • For Sale
  • Active
  • Commercial Land
  • 1.97 Acres
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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.

Full Property Details for 509 Lake St

General

  • Price: $434,900
  • Taxes: $2,773
  • Status: Active
  • Type: Commercial Land
  • Source: SWMRIC_MLS
  • MLS ID: 22003093
  • Updated: 8/23/2025
  • Added to Site: 820 day(s) ago

Location

  • Area: MasonOceanaManistee - O
  • County: Mason
  • Cross Streets: Delia
  • Driving 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

Utilities

  • Cable Available: Yes
  • Utility Description: Natural Gas Available, Electricity Available, Cable Available, None

Lot Features

  • Lot Size (Acres): 1.97
  • Lot Size (Sq. Ft.): 85,813
  • Lot Dimensions: 860 x 100
  • Lot Features: Buildable, Cleared
  • Zoning: W

Water Features

  • Water Front Desc.: Lake
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $2,773.74
  • Terms: Cash, Conventional, Contract

Disclosures and Reports

  • Legal Description: see attached for legals for both parcels
  • Property ID: 53-051-590-040-01

Listed by Greenridge Realty S Rath, Mary Jo Pung

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Listing agent

— 509 Lake St —

  • Mary Jo Pung

    Greenridge Realty S Rath

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 509 Lake St

School District:Ludington Area School District
NameGradesDistance
Lakeview Elementary School, Ludington, MI
502 West Haight Street, Ludington, MI 49431
K-21 mi
Ludington Elementary School
5771 West Bryant Road, Ludington, MI 49431
3-51.7 mi
O.J. DeJonge Middle School
706 East Tinkham Avenue, Ludington, MI 49431
6-81 mi
Ludington High School
508 North Washington Avenue, Ludington, MI 49431
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 509 Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/25/2025
Price Increased
$434,900
12.99%
MLS
1/03/2025
Price Increased
$384,900
6.33%
MLS
1/06/2024
Price Increased
$362,000
5.11%
MLS
8/13/2022
Price Increased
$344,400
5%
MLS
2/01/2022
Listed
$328,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 509 Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,863
—
$73,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Greenridge Realty S Rath, Mary Jo Pung

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509 Lake Street, Ludington, MI 49431 (MLS# 22003093) is a Commercial Land property with a lot size of 1.97 acres. 509 Lake Street is currently listed for $434,900 and was received on January 05, 2024. Want to learn more about 509 Lake Street? Do you have questions about finding other Commercial Land real estate for sale in Ludington? You can browse all Ludington real estate or contact a Coldwell Banker agent to request more information.

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