1011 James StLudington, MI 49431

Property Details for 1011 James St

Lot size

1.55 AC

Property type

Commercial real estate

APN

051-235-305-00

APU

5123530500

Description

This exceptional 1.45-acre property in Ludington, Michigan, presents a unique investment opportunity. Comprising seven platted city lots, this land offers limitless potential for residential and commercial development. The property's zoning allows for a variety of uses, including the sale of individual lots, the construction of multi-family dwellings (potentially up to 3-4 units per lot), or the establishment of adult or family day care facilities. The northern portion of the property is commercially zoned, opening up further possibilities for business ventures. Its strategic location offers unparalleled convenience, being just seven blocks from the picturesque Lake Michigan shoreline, the iconic Ludington Lighthouse, and the beautiful beaches. A short bike ride connects the property to the vibrant downtown area, the Badger car ferry, and the city marina. The existing building will be removed by January 2025. Furthermore, the possibility of securing Brownfield Development funds should be explored. Two additional adjoining lots (lots 13 and 14) are also available for purchase separately. Prospective buyers are responsible for verifying all zoning regulations, tax assessments, property dimensions, and other pertinent information. This is a rare chance to acquire a substantial parcel of land in a highly desirable location with significant upside potential. The land contract offers a flexible payment plan with three payments spread over three years.

• Alternative Use

  Use

  Valuation

  Residential

  $14,115,034

  Hospitality

  $12,929,296

  Educational

  $10,757,022

  Medical

  $11,126,973

  Retail

  $16,733,146

Location Insight

City

Ludington

County

Mason

State

Michigan

Latitude

43.9697

Longitude

-86.4489

CBSA code

31220

CBSA name

LUDINGTON, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].