612 Lakeshore DrLudington, MI 49431

  • Commercial real estate
  • 0.97 AC
For Sale
$5,100,000 View listing

Property Details for 612 Lakeshore Dr

Lot size
0.97 AC
Property type
Commercial real estate
APN
051-170-004-10
APU
5117000410

Description

This exceptional investment opportunity presents a 39-unit motel situated on over 2.5 acres in Ludington, Michigan. The property boasts a prime location, just one block from Stearns Park beach on the shores of Lake Michigan, offering convenient access to downtown and stunning waterfront views. Amenities include open green spaces and a saltwater pool, enhancing guest appeal. The property also includes a remarkable owner's residence featuring three bedrooms, each with a private full bath, a theater room, a gourmet kitchen, a spacious dining room, a personal office, main floor laundry, a large mudroom, and an oversized two-car attached garage. The upper level master suite includes a full bath with a slipper tub, a walk-in closet, and a private laundry. This turnkey operation presents a unique blend of lucrative business potential and comfortable living, all within a vibrant lakeside community. The asking price is $5,100,000. The property's APN is 53-051-170-004-00. For more details and photos, visit [website address removed per instructions].

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,833,238
    Hospitality
    $8,091,198
    Educational
    $6,731,782
    Medical
    $6,963,298
    Retail
    $10,471,661

Location Insight

City
Ludington
County
Mason
State
Michigan
Latitude
43.9639
Longitude
-86.4587
CBSA code
31220
CBSA name
LUDINGTON, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$1,060,300
-
$1,060,300
-
-
-
$1,060,300

FAQs

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