$2,400,000
For Sale

510 Lake Street

Ludington, MI 49431
Browse 41 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

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. This legacy property, known as Thompson Marina, is an operating business with 35 slips. Another piece of the legacy is the 50,000 sq ft, 2 story manufacturing building that once produced products for the printing industry. Looking to create something new for the future? Prime development property for condo community or REHAB the old building and create new living spaces. Options to demo everything and start fresh, or work with what is onsite and convert a legacy into luxurious living w/a refurbished marina & waterfront. NOW is the time!

  • Property Details
      • Acres4.5
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1924
  • Community and Neighborhood Details
      • CountyMason
  • Financial Details
      • Original List Price$2,400,000
      • Buying Agency Compensation1.75%
      • Days on Market (Cumulative)472
  • Other
      • MLS #M22030991
  • -
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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