2,751 Acres Investment Tract

Norway, MI, 49870, United States

Property ID: #137567 // LAND
- ft²
2751.63 acres
- beds
0 baths
  • Title
    2,751 Acres Investment Tract
  • Address
    2,751 Acres Investment Tract
  • City
    Norway
  • State
    MI
  • Zip
    49870
  • Country
    United States
  • County
    Dickinson
  • Property Type
    Land
  • Additional Types
    Other
  • Lot Size
    2751.63 Acres
  • Full Baths
    0.00
  • Data Source
    Upper Peninsula Association of Realtors
  • Listing Link
  • MLS Number(s)
    1106187
PROPERTY INFORMATION

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.

DIRECTIONS

Multiple parcels throughout Marquette, Menominee, Dickinson, Iron and Baraga Counties. Refer to legal descriptions and maps in associated docs.

DISCLAIMERS & AGENCY DISCLOSURE
  • Buyer's Fee: 0%
  • Earnest Money: 5% of the negotiated purchase price/successful high bid or $500, whichever is greater.
  • Brokers and Agents are fully protected and encouraged to participate.
  • RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.

Read More...
SOURCE DISCLAIMER
Copyright © 2019 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
SOURCE MODIFICATION TIMESTAMP: 2019-01-02 15:38:46

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Online Only Event/Auction:
May 29th 10:00am - 4:00pm CDT
List Price:
$4,495,000.00
Sugg. Opening Bid:
$3,250,000.00
Enter $3,250,000.00 or more

What is a Pre-Auction Offer? This property can be purchased prior to the auction's start date. If accepted, this property will be removed from the upcoming auction. Benefits to purchasing prior to auction.

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Agent Contact & Showing Info
  • BOB SULLIVAN
  • Northern Michigan Land Brokers
  • License # 6502362192
Financing

Please contact your local lender