RESIDENTIALDEVELOPMENTSITE OPPORTUNITIES

sustained local impact

5300 W. US-10Ludington, MI 49431 (231) 845.6646 www.MasonCountyGrowth.com

SPRING/SUMMER 2017

PROVID

ED BY GROWTH ALLIANCE

MASON COUNTY

Why Mason County?Mason County is growing. Our industry is thriving, our downtowns are bustling, and we are fast becoming a hub of activity on the lakeshore of northern West Michigan. As a byproduct of this growth, there is a great deal of opportunity to be captured in our housing market as people are increasingly looking to our area as a relocation destination. Consequently, we need our housing market to keep pace with the growing economy in order to support and sustain the expansion of our business community.

The Mason County Growth Alliance is committed to the sustained growth of opportunity for the businesses and residents of our community, and we are dedicated to helping you and your team to succeed in your development or redevelopment projects in Mason County.

Local SupportThe Growth Alliance is your local connection to help guide you through the development process. Whether you’re seeking additional information for your due diligence process, exploring available incentives, or simply attempting to better understand the local context, the MCGA is your one-stop shop for local development assistance. We work collaboratively with an extensive network of public, private, and non-profit entities in Mason County and across West Michigan to ensure your team has the support it needs to make your project a success in our community.

Meeting DemandAs the demand for “Missing Middle” multi-family housing has become increasingly apparent, a number of developers have stepped in to meet the demand. Pineview Apartments is in the process of constructing 80 new units of market rate housing, while Ann Arbor’s LC Consulting is slated to break ground on a 66-unit mixed-use a�ordable housing development in downtown Ludington later in 2017.

However, with a conservative projected demand of 500+ units per year over the next 5 years (and as many as 1,500 units per year), there is still plenty of opportunity remaining to be filled in our market. Check out the following development, redevelopment, and infill site that our community has to o�er, and picture your team’s next success in Mason County.

(231) 845.6646 | MasonCountyGrowth.com mixed use | infill | multi-family

3

MUNICIPALITY

SITE / VISION FOR THE FUTURE

City of Ludington

BUILDING SQUARE FOOTAGE AVAILABLE4,171

APPROX. YEAR BUILT1940s (Estimate)

ZONING DISTRICT

CONSTRUCTION

LOCATION MAP

BUILDING/SITE OVERVIEW

LUDINGTON AVENUE (US-10)

SITE97’

43’2 STORY CB/SLAB

R3-A (Multi-Family Res. District)

Brick

ASKING PRICEN/A (Assessed Value: $42,600)

“St. Simon’s Gymnasium”

This historic building in the heart of downtown Ludington is an ideal location for an infill multi-family residential project. Located one block off of South James Street and three blocks from Ludington Avenue, this site is highly accessible to a variety of shopping, dining, and entertainment venues. Plenty of room on the north side of the parcel for on-site parking and/or expansion.

HARR

ISON S

TREE

T

ROWE

STRE

ET

LOOMIS STREET

FILER STREET

FOSTER STREET

DANAHER STREET

JAMES

STRE

ET

4

MUNICIPALITY

SITE / VISION FOR THE FUTURE

City of Ludington

BUILDING SQUARE FOOTAGE AVAILABLE29,156

APPROX. YEAR BUILT1924

ZONING DISTRICT

CONSTRUCTION

LOCATION MAP

LUDINGTON AVENUE (US-10)

SITE

Waterfront District(Permitted Principal Uses: Multi-family residences which conform to lot and area requirements as specified in Section 400.14:1, R3A.)

Brick

ASKING PRICEN/A (Assessed Value: $683,800)

“Thompson Cabinet”

With substantial frontage on Pere Marquette Lake in Ludington and a short walk from the attractions of downtown Ludington, the Thompson Cabinet building is a great location for a multi-family redevelopment project catering to a number of different market segments, from young professionals to retirees. This historic two-story building is a great candidate for unfinished loft apartments, waterfront condos, and more. LAKE STREET

EMILY

STRE

ET

LAVIN

A STR

EET

MELENDY STREET

DOWLAND STREET

LAURA STREET

FILER STREET

LOOMIS STREET

DELIA

STRE

ETROWE

STRE

ET

S. WA

SHIN

GTON

STRE

ET

5

MUNICIPALITY

SITE / VISION FOR THE FUTURE

City of Ludington

BUILDING SQUARE FOOTAGE AVAILABLE45,000

APPROX. YEAR BUILT1890

ZONING DISTRICT

CONSTRUCTION

LOCATION MAP

M1 - LIGHT INDUSTRIAL(PUD as a Special Land Use Allows Various Multi-Family Options)

Brick

ASKING PRICEN/A (Assessed Value: $45,700)

“Wolverine World Wide”

This three-story building is the site of the former Wolverine World Wide factory. Located between an R2-A General Residential district and a City storage facility, this site has been identified as an ideal redevelopment opportunity for multi-family residential. Conveniently located within walking distance from Lake Michigan, downtown Ludington, recreational biking and walking loop at Cartier Park, and the middle & high schools, this site offers a great deal of accessibility.

WHITTIER STREET

FITCH STREET

STRATY STREET

STRAY STREET

HAIGHT STREET

LOWELL STREET

TO: US-10(0.25 miles)

WASH

INGT

ON AV

ENUE

TINKHAM AVENUE

EMILY

STRE

ET

LAVIN

A STR

EET

DELIA

STRE

ET

ROWE

STRE

ET

HARR

ISON S

TREE

T

SITE

LUDINGTON HIGH SCHOOL

6

MUNICIPALITY

SITE / VISION FOR THE FUTURE

City of Ludington

BUILDING SQUARE FOOTAGE AVAILABLE1.30 Acre Vacant Parcel

APPROX. YEAR BUILTN/A

ZONING DISTRICT

CONSTRUCTION

LOCATION MAP

Waterfront District(Permitted Principal Uses: Multi-family residences which conform to lot and area requirements as specified in Section 400.14:1, R3A.)

Vacant Parcel

ASKING PRICE$329,000

“Laura Street Strip”

Located across the street from the Ludington Boat Club and Pere Marquette Lake, and a stone’s throw from South James Street and Downtown Ludington, this strip of vacant property is well-suited for an infill apartment or condo development. In particular, this site might accommodate townhomes, rowhomes, or other types of high demand “Missing Middle” housing forms as identified in the Residential Housing Market Analysis.

LUDINGTON AVENUE (US-10)

SITE

LAKE STREET

EMILY

STRE

ET

LAVIN

A STR

EET

MELENDY STREET

DOWLAND STREET

LAURA STREET

FILER STREET

LOOMIS STREET

DELIA

STRE

ETROWE

STRE

ET

S. WA

SHIN

GTON

STRE

ET

510 E. LAKE ST.PROPERTY

7

MUNICIPALITY

SITE / VISION FOR THE FUTURE

City of Ludington

BUILDING SQUARE FOOTAGE AVAILABLE2.0 Acre Vacant Parcel

APPROX. YEAR BUILTN/A

ZONING DISTRICT

CONSTRUCTION

LOCATION MAP

LUDINGTON AVENUE (US-10)

Waterfront District(Permitted Principal Uses: Multi-family residences which conform to lot and area requirements as specified in Section 400.14:1, R3A.)

Vacant Parcel

ASKING PRICE$395,000 (Assessed Value: $218,400)

“Rath Waterfront”

This site offers the quintessential Ludington experience. 2 acres of undeveloped land located between the Lake Michigan Carferry docks on Pere Marquette Lake and Downtown Ludington’s numerous dining, shopping and entertainment venues. Your residents will be able to welcome the SS Badger into port every evening and catch the sunset into Lake Michigan without leaving home.

RATH

AVE

FILER STREET

LOOMIS STREET

S. JAM

ES ST

REET

MELENDY STREET

DOWLAND STREET

SITESS BADGER DOCKING

HARBOR VIEWMARINA

CONNECT5300 W. US-10

Ludington, MI 49431

(231) 845.6646www.MasonCountyGrowth.com