509 Lake Street, Ludington, MI 49431 - Photo 1

1/1

$335,000

Sold
Closed
Commercial Land
1.97 Acres
Updated 5 days ago

1/1

Property 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.

Full Property Details

Full Property Details for 509 Lake St

General

Sold For: $335,000
Taxes: $2,773
Status: Closed
Type: Commercial Land
Source: SWMRIC_MLS
MLS ID: 22003093
Added to Site: 991 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 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
Sold by Non Member, Nonmember Agent

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Listing agent

— 509 Lake St —

Mary Jo Pung

Greenridge Realty S Rath

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Schools

Schools serving 509 Lake St

School District:Ludington Area School District

Name	Grades	Distance
Lakeview Elementary School, Ludington, MI 502 West Haight Street, Ludington, MI 49431	K-2	1 mi
Ludington Elementary School 5771 West Bryant Road, Ludington, MI 49431	3-5	1.7 mi
O.J. DeJonge Middle School 706 East Tinkham Avenue, Ludington, MI 49431	6-8	1 mi
Ludington High School 508 North Washington Avenue, Ludington, MI 49431	9-12	0.9 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

Date

Details

Price

Change

Source

9/14/2026

Sold

$335,000

-22.97%

MLS

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

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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$370,000

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Condo
Closed
Updated 7 days ago

2
Beds
2
Total Baths
1,294
Sq. Ft.

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Sold

$295,000

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Single Family
Closed
Updated 6 days ago

3
Beds
2
Total Baths
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Updated 6 days ago

3
Beds
3
Total Baths
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Sold

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Single Family
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3
Beds
2
Total Baths
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509 Lake Street, Ludington, MI 49431 (MLS# 22003093) is a Commercial Land property that was sold at $335,000 on September 14, 2026. 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.

509 Lake St Ludington, MI 49431