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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NORTHERN MICHIGAN LAND BROKERS
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for sale in Norway, MI
is currently listed for $5,300,000.
Featuring a lot size of 3293.0 Acres,
has been on homesforsale.century21.com for 291 days.
This listing is provided courtesy of NORTHERN MICHIGAN LAND BROKERS.
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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.