Timber/Mineral/River Tract, Norway MI 49870 Photo 1 Timber/Mineral/River Tract, Norway MI 49870 Photo 2 Timber/Mineral/River Tract, Norway MI 49870 Photo 3 Timber/Mineral/River Tract, Norway MI 49870 Photo 4 Timber/Mineral/River Tract, Norway MI 49870 Photo 5 Timber/Mineral/River Tract, Norway MI 49870 Photo 6 Timber/Mineral/River Tract, Norway MI 49870 Photo 7 Timber/Mineral/River Tract, Norway MI 49870 Photo 8 Timber/Mineral/River Tract, Norway MI 49870 Photo 9 Timber/Mineral/River Tract, Norway MI 49870 Photo 10 Timber/Mineral/River Tract, Norway MI 49870 Photo 11 Timber/Mineral/River Tract, Norway MI 49870 Photo 12 Timber/Mineral/River Tract, Norway MI 49870 Photo 13 Timber/Mineral/River Tract, Norway MI 49870 Photo 14 Timber/Mineral/River Tract, Norway MI 49870 Photo 15 Timber/Mineral/River Tract, Norway MI 49870 Photo 16 Timber/Mineral/River Tract, Norway MI 49870 Photo 17 Timber/Mineral/River Tract, Norway MI 49870 Photo 18 Timber/Mineral/River Tract, Norway MI 49870 Photo 19 Timber/Mineral/River Tract, Norway MI 49870 Photo 20 Timber/Mineral/River Tract, Norway MI 49870 Photo 21 Timber/Mineral/River Tract, Norway MI 49870 Photo 22 Timber/Mineral/River Tract, Norway MI 49870 Photo 23 Timber/Mineral/River Tract, Norway MI 49870 Photo 24 Timber/Mineral/River Tract, Norway MI 49870 Photo 25

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Timber/Mineral/River Tract - 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 including photos, DVDs, mineral reports and other details upon request with a letter of financial ability from a recognized financial institution.

Listing information

  • MLS® ID: 1092137
  • Stories: 0
  • Lot Area: 3,293.00
  • Neighborhood: Waucedah T
  • Style: Other
  • New Construction: No
  • Lot Size: Multiple Parcels
  • School District: Breitung Twp
  • Status: Active
  • Foreclosure: No
  • County: Dickinson
  • Body of Water: Sturgeons and Michigamme River

Features

At Ski Resort No
CABLE No
ELECTRIC Yes
Exclusions (Y/N) No
FINANCING OPTIONS Seller Financing
Foreclosure (Y/N) No
NATURAL GAS No
Other Body of Water - Sturgeons and Michigamme River, Zoning - Multiple Zoning on Various Parcels
OUTBUILDINGS None
POSSESSION Negotiable
ROAD Black Top, Dirt, Gravel
SEWER None
SHORELINE Bluff, Cleared, Flat Rock, Lawn, Mixed, Pebble, Rocky, Sand, Vegetation
TELEPHONE Yes
TERRAIN Bluff, Combination, Flat, High, Hilly, Low, Rock, Rolling
Trailside No
WATER None
Water View River
Waterfront River
WOODED Yes
Listing Courtesy of Bob Sullivan of Northern Michigan Land Brokers