• Call your local brokerage at 906.228.5230
For Sale:$5,300,000
$18,756/mo
Monthly Payment:
$18,756
Principal & Interest:
$18,756
HOA Dues:
$0
(Based on a 30 year fixed loan at 3.38% with $1,060,000 down)
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Timber/mineral/river Tract


Norway, MI 49870

N/Asq ft N/A / sq ft LND
Lot Size3293.0acre BuiltN/A On site291days
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Investment land with excellent recreation capabilities. Everything is in place and ready for excellent cash flow returns immediately. This timber/mineral/river tract features 24 parcels, many contiguous blocks, with 3, 293 acres and an estimated 50, 000 feet of waterfront on the rivers and over 1, 000 feet on perch lake. All of the parcels have insurable access with the exception of a 40 acre parcel in iron co. And a 40 acre parcel in marquette county. Many of the parcels have county road frontage with electric. The timber value is estimated over $1, 760, 000 based on 2004 volumes and there has been no harvesting since that inventory so this total may be higher. The timber is ready for harvest now. The mineral potential is based upon a 10% share of the sellers rights and there is currently significant exploration underway on a portion of this portfolio due to recent findings. The exploration company has taken an option on this 944 acres and if exercised, the new buyer will receive $2, 100, 000 compensation for that acreage in addition to the mineral rights. The land resale value has extensive upside and most of the parcels are ready to sell individually. There is unlimited recreation potential here as well. The river frontage features many rapids and small waterfalls along with the sturgeon river gorge in dickinson county. The gorge will remind you of a river in the rockies. All of these rivers are scenic with good fishing. The hunting opportunities abound on most of the parcels with trophy whitetail have been harvested over the years. One of these whitetails was featured on the sportsman channel. Our tracts range from over 1, 000 contiguous acres to small acreage building sites near the city of kingsford and everything in between. There isn't another land portfolio that offers a combination of timber, minerals, resale and recreation anywhere in the upper peninsula and perhaps the entire midwest. We have additional information available to qualified buyers includi
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Last Checked For Updates: 5 hours 18 minutes We update property info including price, photos, sale status and more as soon as it’s available. ago Status: Active Views: 0
MLS #1092137 , Listed on 02/04/16 by BOB SULLIVAN, NORTHERN MICHIGAN LAND BROKERS
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MLS Listing Information for Timber/mineral/river Tract

Exterior Features

Waterfront

  • River

Lot Size

  • 3293.0 Acres

Schools

School District

  • Breitung Twp

Additional Information

County

  • Dickinson

Listing Broker

  • NORTHERN MICHIGAN LAND BROKERS

Listing Agent

  • BOB SULLIVAN

Home Value Estimates

Home value estimates unavailable for this home.

Price History for Timber/mineral/river Tract

Date Event Price Source
06/13/16 Price Change: -$400,000 $5,300,000 MI_UPAR
02/04/16 New Listing $5,700,000 MI_UPAR

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This Land for sale in Norway, MI is currently listed for $5,300,000. Featuring a lot size of 3293.0 Acres, Timber/mineral/river Tract has been on homesforsale.century21.com for 291 days.

This listing is provided courtesy of NORTHERN MICHIGAN LAND BROKERS. Interested in viewing more homes for sale near Timber/mineral/river Tract Norway, MI 49870? You can search all Norway MLS listings, find a real estate agent, get a home value estimate and more on homesforsale.century21.com.
Local real estate services provided by:
CENTURY 21 Prime Realty
CENTURY 21 Prime Realty
2684 U.S. 41 West
Marquette, MI 49855
CENTURY 21 Prime Realty | 906-228-5230 | info@upprimerealty.net
906.228.5230
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The information being provided by Upper Peninsula Association of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Upper Peninsula Association of REALTORS®. Prime Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Prime Realty, a broker participant of Upper Peninsula Association of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

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Data last updated: Thursday, March 23, 2017 at 10:04 AM. Properties in listings may have been sold or may no longer be available.