#24047054, Bob Budreau, Debbie Bush, Listing Office: GREENRIDGE Realty Ludington
Property details
About 509 Lake St
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.
Highlights
Home typeBusiness
StatusActive
Lot size1.97 Acres
MLS #22003093
WaterfrontLake Front
Summary
- Waterfront: Lake Front
- List Price: $384,900
- Lot: Cleared
- 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
- Lot Size: 1.97 Acres
- MLS Number: 22003093
- Office Name: Greenridge Realty S Rath
- Office Email: stevew@greenridge.com
- Listing Agent: Mary Jo Pung
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 12:50:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$384,900
509 Lake St
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $31,300 | $- |
| 2023 | $31,300 | $- |
| 2022 | $31,300 | $- |
| 2021 | $31,300 | $- |
| 2020 | $31,300 | $- |
| 2019 | $31,300 | $- |
History based on county public records data.
Nearby schools
6
Foster School
Public District 3-5
0.4 mi
•505 E Foster St
4
Mason County Central Upper Elementary School
Public District 3-5
7.7 mi
•505 W Maple Ave
5
Mason County Eastern Elementary School
Public District PK-6
11.2 mi
•18 S Main St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,417. Typical income of Ludington, MI residents is less than $<35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
59%
<35k
35%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
14%
Single, with Kids
28%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
21%
18-34 yrs old
40%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
NHRA Drag Racing
Figure Skating
Where do the neighbors shop?
Stein Mart
Big Lots
Chico's
Where do the neighbors go to eat?
Bonefish Grill
Golden Corral
Bob Evans
What do the neighbors drive?
Lincoln
Kia
Oldsmobile
What do the neighbors listen to?
Classical
Adult Standards
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 509 Lake St
The listing price of 509 Lake St property is $384,900.
The property 509 Lake St is land located in Ludington, Michigan, 49431.
Active Listing: 509 Lake St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 509 Lake St are: Foster School (GreatSchools Rating 6/10), Mason County Central Upper Elementary School (GreatSchools Rating 4/10), Mason County Eastern Elementary School (GreatSchools Rating 5/10), Oj Dejonge Middle School (GreatSchools Rating 6/10), Mason County Central Middle School (GreatSchools Rating 5/10), Hart Middle School (GreatSchools Rating 6/10), Ludington High School (GreatSchools Rating 7/10), Academy of Science Math and Technology Early College High Sc (GreatSchools Rating 9/10), Mason County Central High School (GreatSchools Rating 4/10).
The property 509 Lake St is 1.97 acres.
This home is located at 509 Lake St in Ludington, MI and zip code 49431. Features: 0 bathroom. It has been listed on Rocket Homes since February 1, 2022 and is currently priced at $384,900.
Over 5 listings were sold over their listed price in April 2025 in Ludington, MI. In the same period over 5 listings were sold below the listed price and 3 listings were sold for the listed price. In April 2025 in Ludington, MI there were 39.6% more homes for sale than in March. The median list price of listings available in April 2025 was $285,000, while the average time on the real estate market was 74 days.
From Rocket Homes Real Estate and based on county public records data.