# 510 Lake Street, Ludington, MI 49431

> **TL;DR:** 0bd/4ba commercial, $2,200,000 ($42/sqft), built 1924, 52,000 sqft.
> Waterfront. Est. $9,533/mo. Listed 1358 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,200,000 |
| Price/sqft | $42 |
| Bathrooms | 4 full |
| Square Feet | 52,000 |
| Year Built | 1924 |
| Lot Size | 196,020 sqft (4.50 acres) |
| Stories | 1 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 1358 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,533 |
| **Total** | **$9,533** |

## Key Amenities

- Waterfront

## Property Highlights

- Built in 1924
- 4.50 acre lot
- Waterfront

## Description

### Agent 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.

## Location

- **Address:** 510 Lake Street, Ludington, MI 49431
- **County:** Mason
- **Coordinates:** 43.948092, -86.442206
- **Google Maps:** https://www.google.com/maps?q=43.948092,-86.442206

## Listing Agent

- **Name:** Debby Stevenson
- **Brokerage:** Greenridge Realty S Rath
- **Phone:** 2315105727
- **Email:** deb@debstevenson.com

## Primary Photo

![510 Lake Street - Primary Photo](http://lh.rdcpix.com/29898b4393da1a500e89e08582a5d604l-f1518576355r.jpg)

*41 total photos available on [listing page](https://www.propertysimple.com/listing/510-lake-street-ludington-mi-49431-22030991)*

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**MLS#:** 22030991 | **Updated:** 2026-04-27
**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/510-lake-street-ludington-mi-49431-22030991)

---

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