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    Stephenson, MI
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    Stephenson, MI Waterfront Land for Sale

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    Daggett, MI Wallace, MI Menominee, MI Carney, MI Fish Creek, WI Ellison Bay, WI Sister Bay, WI Wausaukee, WI
    Waterfront Land Along River
    Updated: Jul 17
    Waterfront Land Along River

    M-35, Cedar River, MI 49887

    $90,000
    41.50 AC lot
    41.5 acres of waterfront land
    Frontage along the Walton River
    Located along M‑35 in Cedar River, MI 49887
    Borders Michigan State Land connected to more than 2,500 acres of adjoining public land
    Electricity available
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    Waterfront Land Tract with River Access
    Updated: Jul 17
    Waterfront Land Tract with River Access

    00000 State Highway M35, Stephenson, MI 49887

    $90,000
    41.50 AC lot
    41.5± acre waterfront land tract along M‑35 in Cedar River, Michigan
    Frontage along the Walton River
    Located just inland from the Cedar River and Green Bay
    Includes frontage along the Walton River and borders a Michigan State Land parcel connected to 2,500+ acres of adjoining public land
    Near the mouth of the Cedar River and Green Bay
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    Buildable Recreational Land
    Buildable Recreational Land

    N10594 State Highway M35, Cedar River, MI 49887

    $82,500

    Buildable vacant land with a perk test on file and 200-amp electric service installed.

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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 7 Potential Opportunities for your consideration. Besides 3 Active listings in Stephenson, 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.

    Creekside Recreation Land
    Creekside Recreation Land

    Hill Rd, Sister Bay, WI 54234

    $1,700,000
    40.00 AC lot

    Vacant acreage with Three Springs Creek, wildlife habitat, and potential for outdoor recreation or a private homesite.

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    Bay Frontage Land Opportunity
    Bay Frontage Land Opportunity

    TBD Lot 1 M-35 Highway, Menominee, MI 49858

    $225,000
    1.34 AC lot

    1.34 acre waterfront land with 266 feet of frontage.

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    Bay Frontage Land in Menominee
    Bay Frontage Land in Menominee

    TBD Lot 2 M-35 Highway, Menominee, MI 49858

    $225,000
    1.35 AC lot

    1.35 acre waterfront land with 266 feet of frontage.

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    Land in Marshall's Point Estates
    Land in Marshall's Point Estates

    Sister Bay, WI 54234

    $1,250,000
    6.58 AC lot

    6.5+ acre homesite with 376' shoreline in gated community.

    View details

    Stephenson, MI Waterfront Land Market Trends and Statistics

    Explore 3 waterfront land for sale in Stephenson, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 3,615,480 square feet of properties for sale, with an estimated market value of $262,500.

    Sale prices for water rights properties in Stephenson, MI start at $82,500, averaging $87,500, and reaching up to $90,000 — 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

    Hunting land 1
    Waterfront Land 1
    Recreation land 1

    Demographics Overview

    Population 2,735
    Population Growth (5Y) +7.0%
    Median Household Income $54,821
    College Educated 23.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49887 $90K

    Taxes & Financing

    Tax Rate (average for all types) 4.24%
    Property Tax per SF $80.96 per SF
    Average Loan-to-Value 65.0%

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