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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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701 W Loomis St , Ludington, MI 49431
$1,600,000
Est. Payment: $3,555.56/mo
2 Bed
1 Bath
768 Sqft
Status: Active | Days on site: 73
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House Description

Exceptional waterfront redevelopment opportunity in the heart of Ludington! Located directly across from the Ludington Municipal Marina, this rare offering includes an updated ranch home plus four residential lots (one improved), creating endless possibilities for future development. Potential uses include luxury homes, custom residences, townhomes, or low-rise condominiums (subject to approvals). Occupying nearly three-quarters of a city block, the property offers marina views, excellent frontage, and is just minutes from downtown, parks, beaches, restaurants, and shopping. The existing 2-bedroom, 1-bath home was completely renovated in 2018, including the interior, exterior, and a detached 2-car garage. Both bedrooms offer water views, and public utilities are available. The seller has already consulted with the City and a surveyor regarding future parcel configurations, making this an outstanding opportunity for builders, developers, and investors.

Highlights

Listed by Rudy Acuna , 734-891-4277 eXp Realty, LLC , 888-501-7085.

Property Type

Residential

Lot/Acreage
0.17

Year Built

1960

County

Mason

School District

Ludington

Listing ID

26032981

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
Air Cond:Central Air
Fireplaces:
Floor:Wood
Basement:Crawl Space
Other:
  • Additional:Broadband, Master on Main
Water:Public

Exterior Features

Lot:Corner Lot,Level,Lake
Roof:Asphalt,Shingle
Sewer:Public
Parking Features:Garage Faces Front,Detached,Attached
Principal Interest
$3,556
Taxes
$4,712

Home Price

$1,600,000

Loan Details

30 yrs
%

Down Payment

20%
$320,000
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Monthly Price:
$3,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,555.56 $4,711.83 $0.00 $8,267.39
Yearly $42,666.67 $56,542.00 $0.00 $99,208.67
Total $1,280,000.00 $1,696,260.00 $0.00 $2,976,260.00

Today's Rates

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0%

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Market insight data is pulled from the same city as the listing being viewed (Ludington, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.