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 Ontonagon County

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470 Acres Laird Road

Pelkie, MI 49958

$900,000

MLS# 50213319

LISTING STATUS

Active

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Southern Houghton County Timberland Investment Property for sale. This 470 acre upland hardwood parcel checks every box for timber investment. It is primarily upland hardwoods with an extensive internal road network. The Silver River touches the very eastern boundary. There is year round paved road frontage on Laird Road. The acreage has been held by the same family for decades and is enrolled in the Qualified Forest Program. This provides an outstanding tax benefit both with annual savings and capping of the taxable value that passes to the next owner, providing a very low cost of ownership for the asset value while also keeping the parcel privatized. This has been meticulously managed for long term quality hardwood production. Harvesting has been occurred in 10-15 yr rotations with the most recent being in 2021. This would make a great mixed use investment for someone who wants to potentially build a cabin and or use the property for hunting and recreation. A large block of Ottawa National Forest lies adjacent to the parcel on the west side of the road. This is just 17 miles from Baraga. Step into a high quality property with low carrying cost and significant return expected within a 5-10yr window at the time of the next harvest.

Location

SCHOOL DISTRICT

Baraga Area School District

COUNTY

Houghton

WATERFRONT

No

PROPERTY TAX AREA

Laird Twp (31017)

ROAD ACCESS

Access, Gravel, Country, Year Round

WATER FEATURES

Creek/Stream/Brook

LEGAL DESCRIPTION

L5-24-1 SEC 24 T50N R36W NE 1/4, ALSO E 1/2 OF SW 1/4, ALSO W 1/2OF SE 1/4, ALSO NW 1/4, EXC S 1/2 OF S 1/2 OF SW 1/4 OF NW 1/4. 470 A.

ACRES (APPROX.)

470.00

BODY OF WATER

Silver River

ROAD ACCESS

Access, Gravel, Country, Year Round

LOT DIMENSIONS

irregular

SHORE TYPE

Not Applicable

TERRAIN

Treed, Wooded

Utilities

UTILITIES

Electricity Available

SEWER

None

FUEL ON SITE

None (Fuel On Site)

Listing Details

LISTING OFFICE

Northern Michigan Land Brokers

LISTING AGENT

Sullivan, Rob

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