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$2,200,000 Just Listed
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Property Description
LUDINGTON COMMERCIAL WATERFRONT - 4.5 acres - Prime waterfront development and investment opportunity on Pere Marquette Lake with direct channel access out to Lake Michigan! Spanning 4.5+ acres with approximately 735 ft of shoreline and 502 ft of road frontage, this legacy site is exceptionally positioned near the heart of Ludington's harbor and downtown district. The property features an active 35-slip marina with current slip bookings through October 15, 2026, an existing marina service building, restroom facilities, and a fish cleaning station. Situated in the versatile Waterfront zoning district that encourages mixed-use, multi-family residential, retail, hospitality, or expanded marina operations, this property offers incredible potential and an unbeatable location for your premier waterfront vision. Buyer to verify all information.
Full Property Details
Full Property Details for 510 E Lake St
General
- Price: $2,200,000
- Taxes: $18,958
- Status: Active
- Type: Business
- Source: SWMRIC_MLS
- MLS ID: 26051869
- Updated: 9/30/2026
- Added to Site: 3 day(s) ago
Business
- Business Type: Other
Interior
- Interior Features: Broadband
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Location
- County: Mason
- Cross Streets: S Washington Ave
- Driving Directions: From US-10/ Ludington Ave West to S Washington Ave, South on Washington Ave to Lake St, West onto Lake St. 510 will be on the left.
Heating & Cooling
- Heating Type: None
Utilities
- Cable Available: Yes
- Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Storm Sewer
Structural Information
- # Buildings: 5
- Stories/Levels: 1
- Square Feet: 52,000
- Year Built: 1924
Lot Features
- Lot Size (Acres): 4.5
- Lot Size (Sq. Ft.): 196,020
- Lot Dimensions: 502 x 735 Irregular
- Frontage: Paved
- Zoning: Waterfront Dist
Water Features
- Water Front: Yes
- Water Front Desc.: Lake
- Lake Front: Yes
Financial Considerations
- Tax Amount: $18,958.68
- Terms: Cash
Disclosures and Reports
- Legal Description: See Legal Description attached in documents
- Property ID: 53-051-590-001-00
Listed by Greenridge Realty S Rath, Debby Stevenson
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Schools
Schools serving 510 E 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 | 1.8 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 510 E Lake St
Date
Details
Price
Change
Source
9/29/2026
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 510 E Lake St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$991
-95%
$1,056,100
4%
2024
$18,655
—
$1,019,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 510 E Lake St
510 E Lake Street, Ludington, MI 49431 (MLS# 26051869) is a Business property. 510 E Lake Street is currently listed for $2,200,000 and was received on September 29, 2026. Want to learn more about 510 E Lake Street? Do you have questions about finding other Business real estate for sale in Ludington? You can browse all Ludington real estate or contact a Coldwell Banker agent to request more information.

