Vacant Land Multi Use

Vacant Land for Sale
Catylist Listing ID: 30777990
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 0.19 Acres
Sale Price: $325,000
Unit Price: $1,710,526 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/9/2022

Overview / Comments

Located in the heart of the HISTORICAL area of Ludington, Michigan! This 8,276 Sq. ft. property sits on the corner of Melendy & South James Street. Only 1 block from the marina, the land is situated prominently in the newly POPULAR MARITIME area of the South James Street business district. Slightly elevated, the property allows for construction with a low basement foundation instead of a slab, an advantage other land in the area doesn't offer, due to high water table levels. Great views of the LUDINGTON CARFERRY,MARINE & downtown! Residential areas offer added benefits as the PERFECT LOCATION for a mixed-use four-story building! Partial working plans for a 1 or 3 story structure are available with the purchase of the property. This is a great investment opportunity in beautiful Ludington!

Additional Details

Nearest MSA: Ludington
County: Mason
Tax ID/APN: 5305157500700
Property Visibility: Excellent
Legal Description: Original Plat N 1/2 of Lots 7 & 8 Block 75
Largest Nearby Street: S James St
Feet of Frontage: 70
Area Description: Flat buildable lot. For retail or retail bottom level and condo/apts upper level
Lot Frontage: 70
Lot Depth: 120
Zoning Description: Maritime Commercial
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,592 9,558 15,368
Median Age: 42.29 43.39 44.55
Households: 2,445 4,109 6,557


Photograph of Listing Agent

Gerald Buck

Five Star Real Estate
CPIX Member
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