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    1487 Town U Florence, WI 54121

    For Sale
    $1,500,000

    Vacant Land - Florence T-WI, WI

    Lot size:
    2.54 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 1487 Town U

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    01003208000
    Lot size
    2.54 Acres

    Utilities

    Water front features
    Lake Frontage, Lake/River Access, Interior Lake, Lake/River Access, Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Stephens Real Estate (906) 774-8570 [email protected]

    Listing agent RYAN GORDON (906) 774-8570

    Listing date Oct 21, 2025

    MLS# 50192135 Listing URL

    Copyright © 2025 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.

    Overview

    Waterfront Land with Cottages

    This is a rare opportunity to acquire a 2.5-acre waterfront parcel with southern exposure on Bass Lake, featuring 208 feet of sandy beach frontage that is level to the water's edge. The property is ideally situated across from Eagle Island on the crystal-clear, spring-fed Spread Eagle Chain, which consists of eight interconnected lakes. Included are three fully furnished rustic cottages, three boat docks, and a large 3-stall boathouse. The boathouse features a furnished rec room, equipment storage room, and a fish cleaning facility. The property is equipped with a drilled well, septic system, underground electric services, and propane; natural gas is also available. The sandy beach is suitable for swimming and water sports, and the Spread Eagle Chain is known for excellent fishing. The elevated location provides incredible lake views, making the land itself the primary value. This stunning setting could be the backdrop for a dream home, located just 8 miles east of Iron Mountain, Michigan.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Florence
    County
    Florence
    State
    Wisconsin
    Longitude
    -88.135500780884
    Latitude
    45.892667291586

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    FAQs

    What type of property is this?
    Specialty property - Rare 2.5-acre waterfront parcel with cottages and sandy beach.
    Where is this specialty property located?
    The property is located at 1487 Town U Florence, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Rare 2.5-acre waterfront parcel on Bass Lake with **208 ft of sandy beach frontage.**; - Enjoy **southern exposure and level access** to the water's edge.; - Located on the crystal-clear, spring-fed Spread Eagle Chain of eight interconnected lakes.
    (906) 774-8570
    Request Owner's contact information
    1487 Town U Florence, WI 54121
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    Florence, WI 54121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1487 Town U Florence, WI 54121
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