Waterfront - New Construction
Address
510 1/2 E Lake ST. Ludington, MI
Price
$ 2,400,000
Property Attributes
  • MLS#50021825
  • TypeCommercial
  • CountyMASON
  • CityLudington
  • AreaLudington
  • NeighborhoodLudington
  • Zip49431
  • StyleCommercial/Industrial
  • Price$ 2,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage196020
  • Lot Size4.5 Acres
Listing Provided Courtesy Of:
Your Home Realty & Properties
Data Source:
Michigan Multiple Listing Service
Property Description

1 " Summer Of 2021 Is Coming " Agents bring your Investors, Buyers, Etc. Offered for sale is this operating and functioning marina with camping located in the beautiful city of Ludington, MI. This marina has numerous boat slips and has many returning customers year after year. The Marina is situated on 4.5 acres of prime real estate on Pere Marquette lake which leads out into lake Michigan less than a nautical mile away. also located near the historic car ferry S.S. Badger. This site was formally the Thompson Cabinet Co. The manufacturing building still remains on the site. This is an excellent building site for investors, Builders, Developers, etc. Wiith some investment this marina could be a very thriving and excellent business opportunity. Imagine the possibilities with this 4.5 acre building site! Numerous condos, upscale housing the list goes on & on! A new President & 2021 is finally here... Now is the time to buy this special property.

Price History
8/26/2020 Listed $2,900,000
4/8/2021 18% - $2,400,000

General Features

Business Name Thompson Marina INc
Class COM/IND/BUS OPP
Commercial Features Additional Bldg(s), Docks, Electric Available, Fence, Other, Primary Power, Public Restrooms, Undrgrnd Storage Tank
Directions west of Washington
Exterior Features Security Lighting
Financial Terms Cash, Commercial Loan, Conventional Blend, Purchase Money MTG, Rural Development
Legal Description UNPLATTED COM AT A POINT 975 FT E OF A POINT ON E SIDE OF S JAMES ST 40 FEET S OF P.M. R.R. CO. R.O.W., TH E 500 FT, TH S TO WATERS EDGE OF PERE MARQUETTE LAKE
Listing Area Ludington (53020)
Municipality Ludington
Originating Mls East Central Association of REAL
Ownership Private
Parking On Site, Parking Lot
Source Mls MI Real Source
Status Active
Status Active
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Zoning Commercial

Interior Features

Fuel Type Electric, Natural Gas

Exterior Features

Sale Includes Business and Real Estate, Real Estate Only
Body of Water Lake Michigan
Exterior Block, Brick, Cement, Concrete/Block, Masonry
Foundation Type Piers
Frontage 520
Lot Description Utilities Above Ground
Lot Dimensions 520x377 estimated
Lot Size Area 4.5
Roads City/County, Paved Street
Sewer Septic Community
Water Features Dock/Pier Facility, Boat Facility, Lake Frontage, Water View, Waterfront, All Sports Lake
Waterfront Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 49431

Price
AVG $880K
$2.4M
Visits
AVG 15
19
Walkscore
AVG 56
34
Data Provided by Walkscore ® not using MLS data