510 Lake St Ludington, MI 49431

This exceptional 4.5-acre Ludington, MI property offers a unique investment opportunity. Located on Pere Marquette Lake (Lake Michigan), it boasts 735 feet of water frontage and 502 feet of road frontage. The existing Thompson Marina features 35 slips, presenting immediate income potential. Additionally, a 50,000-square-foot, two-story building, formerly a manufacturing facility, provides significant adaptive reuse potential. Zoned for waterfront development, this site is ideal for a condo community, luxury waterfront residences created through the rehabilitation of existing structures, or a complete redevelopment. The property includes five buildings, totaling 52,000 square feet, and is currently vacant. The asking price is $2,400,000, with a price per square foot of $46.15. The property's APN is 53-051-590-001-00. This prime location in the harbor town of Ludington offers unparalleled potential for a variety of development projects, capitalizing on its stunning waterfront location and existing infrastructure. The property presents a rare chance to acquire a substantial waterfront parcel with significant existing assets, allowing for immediate income generation and long-term development potential. Consider the possibilities: revitalize the existing marina and manufacturing building into a luxurious waterfront community, or embark on a completely new development project. The choice is yours.