INVESTMENT LAND with excellent recreation capabilities. This Timber/Mineral/River Tract features 24 parcels, many contiguous blocks, with 3,618 acres and 60,000 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 Tibbetts Falls in Baraga Co. and The Sturgeon River Gorge in Dickinson Co. plus beautiful frontage on the Michigamme. All of these rivers are scenic and fishable. 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.
Multiple parcels throughout Marquette, Menominee, Dickinson, Iron and Baraga Counties. Refer to legal descriptions and maps.
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NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.