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$4,495,000

MLS 1106187
2,751 acres Investment Tract Norway, MI 49870  
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INVESTMENT LAND in Northern Michigan with excellent recreation capabilities. Everything is in place and ready for cash flow returns immediately. This Investment Tract features 18 parcels, many contiguous blocks up to 1,184 acres, with 2,751 total acres and an estimated 42,050 feet of waterfront on the rivers and over 1,000 feet on Perch Lake. Most of the parcels have insurable and all year access. Many of the parcels have county road frontage and power available. There are good interior access roads on the larger parcels which could be divided into small sale units. The mineral potential is based upon a 10% share of the sellers rights and there has been significant exploration on a portion of this portfolio with the results encouraging and exploration continues and is active. The seller believes there could be significant minerals here. The land resale value has 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. All hunting and non-game species of wildlife are found on many of these parcels. 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 ready to sell parcels, minerals, waterfront and recreation anywhere in the Upper Peninsula that we know of. We have additional information available to qualified buyers including photos, DVDs, mineral reports and other details upon request.
Price 4,495,000 Lotsize: Frontage:  River
Type: Vacant Land Lake/River: Sturgeon and Michigamme Rivers School: Breitung Twp
County: Dickinson Township: Waucedah T Trailside: No
Acres: 2751.63

Topography: Bluff,Combination,Flat,High,Hilly,Low,Rock,Rolling Sewer: None Electric: Yes
App. Wooded:  Yes Water: None
Road Access: Seasonal,Year Round County: Dickinson Natural Gas: No
Lake/River:  Sturgeon and Michigamme Rivers Twp/Sub: Waucedah T Telephone: Yes
Waterfront: River Waterview: River Trailside: No
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Listing Provided Courtesy of:
BOB SULLIVAN
NORTHERN MICHIGAN LAND BROKERS

Copyright 2013 Upper Peninsula Association of Realtors (UPAR)
Listing provided by Upper Peninsula Association of Realtors (UPAR), database last updated Thursday April 18, 2019
 
Direct Link:  http://www.uparidx.com/rets/idx/rosie/land/results.php?view=1106187