510 Lake Street, Ludington, MI 49431

Debby Stevenson

PRO

MI 6505368421

Listed by Deb Stevenson Group

$2,200,000

1211 days on market

Updated 37 days ago

Opportunity zone

510 Lake Street

Details

APN

53-051-590-001-00

Property Type

Retail

Sub Type

Storefront, Other

Square Footage

52,000

Units

Tenancy

Vacant

Price per SqFt

$42

Year Built

1924

Buildings

Stories

Acreage

4.500

Zoning

Waterfront District

Development and/or Business Opportunity on the shore of Pere Marquette Lake to Lake Michigan

Marketing 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. 35 boat slips in the marina. Looking to create something new for the future? Prime development property for condo community or REHAB the old building and create new living spaces. The 50,000sq ft building has collapsed on the East end and the structure will need to be removed. Don't miss this opportunity to convert a legacy property into your vision for the future.

Investment highlights

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 735 ft of water frontage & 502 ft of road frontage
Legacy property, known as Thompson Marina, is an operating business with 35 slips
Plus, 50,000 sq ft, 2 story, manufacturing building that once produced products for the printing industry
Prime development property for condo community or REHAB the old building and create new living spaces by converting a legacy into luxurious living with a refurbished marina & waterfront
Prime development property for condo community or rehab the old building and create new living spaces
Work with what is onsite and convert a legacy into luxurious living with a refurbished marina and waterfront, or options to demo everything and start fresh!