# 509 Lake Street, Ludington, MI 49431

> **TL;DR:** commercial, $434,900.
> Waterfront. Est. $1,885/mo. Listed 1529 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $434,900 |
| Lot Size | 85,813 sqft (1.97 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 1529 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,885 |
| **Total** | **$1,885** |

## Key Amenities

- Waterfront

## Property Highlights

- 1.97 acre lot
- Waterfront

## Description

### Agent 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.

## Location

- **Address:** 509 Lake Street, Ludington, MI 49431
- **County:** Mason
- **Coordinates:** 43.948458, -86.443348
- **Google Maps:** https://www.google.com/maps?q=43.948458,-86.443348

## Listing Agent

- **Name:** Mary Jo Pung
- **Brokerage:** Greenridge Realty S Rath
- **Phone:** 2316901587
- **Email:** mjpung@greenridge.com

## Primary Photo

![509 Lake Street - Primary Photo](http://lh.rdcpix.com/31c12be166ab7e8723b7ee2d0879cc28l-f4245263443r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/509-lake-street-ludington-mi-49431-22003093)*

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**MLS#:** 22003093 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/509-lake-street-ludington-mi-49431-22003093)

---

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