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    Covington, MI
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    Covington, MI Waterfront Land for Sale

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    Sidnaw, MI Michigamme, MI Amasa, MI L' Anse, MI Iron River, MI Nisula, MI Pelkie, MI Baraga, MI
    Waterfront Land Parcel with Lake Frontage
    Updated: May 26
    Waterfront Land Parcel with Lake Frontage

    Murphy Road, Covington, MI 49919

    $135,000
    57.07 AC lot
    57.07‑acre waterfront land parcel with over 1,400 feet of frontage on Vermilac Lake
    1,320 feet of road frontage on Murphy Road
    Vermilac Lake is 622 acres and described as shallow with depth to around 7 feet
    Power and phone available along Murphy Road
    Shoreline described as tag alder and wetland grasses
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Off-Grid Hunting Camp Acreage
    Off-Grid Hunting Camp Acreage

    25918 Highway 41, Michigamme, MI 49861

    $125,000
    40.00 AC lot

    Multi-sport camp property includes a two-bedroom cabin and a river corridor for fishing and year-round trail access.

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    Wooded Land Near Petticoat Lake
    Wooded Land Near Petticoat Lake

    Maple Drive lot: 59, 60, 61, Michigamme, MI 49814

    $35,000
    0.63 AC lot

    Three wooded lots with lake access in Michigamme, Michigan.

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    Riverfront Land with Woodlands
    Riverfront Land with Woodlands

    L' Anse, MI 49946

    $89,500
    11.80 AC lot

    Unimproved wooded parcel with river access and road access along its southern boundary.

    View details
    Waterfront Land with Private Lake
    Waterfront Land with Private Lake

    L' Anse, MI 49946

    $480,000
    160.00 AC lot

    Remote wooded acreage includes a private lake, varied terrain, potential building sites, and documented wildlife habitat.

    View details

    Covington, MI Waterfront Land Market Trends and Statistics

    Explore 1 waterfront land for sale in Covington, MI on our real estate platform. These investment opportunities span a total of 2,485,969 square feet of properties for sale, with an estimated market value of $135,000.

    Sale prices for water rights properties in Covington, MI average $135,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Recreation land 3
    Residential land & home lots 2
    Hunting land 1
    Waterfront Land 1

    Demographics Overview

    Population 133
    Population Growth (5Y) -45.9%
    Median Household Income $41,875
    College Educated 28.2%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49919 $135K

    Taxes & Financing

    Tax Rate (average for all types) 3.08%
    Tax Rate vs County Average 1.98 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Baraga County

    New Delisted

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