2 Marenisco Mi 46647 Watersmeet, MI 49969
This exceptional 240-acre property, situated in Gogebic County, Michigan, near Watersmeet, offers unparalleled recreational opportunities. Bordering the Ottawa National Forest, this land boasts easy access via US Highway 2 and an internal network of trails, allowing exploration of the entire acreage by foot, truck, or UTV. The rolling terrain creates a rich wildlife corridor, ideal for hunting, with heavy deer traffic noted. Towering timber stands and snowshoeing opportunities enhance the wilderness experience. Proximity to Lake Gogebic provides additional summer and winter recreation. Currently enrolled in the Commercial Forest Act, resulting in low taxes, the property offers flexibility; the new owner can maintain the current tax benefits or remove a portion for development. The acreage is also divisible into two 120-acre parcels, providing purchase options. This is a phenomenal recreational investment in Michigan's Upper Peninsula, listed at $390,000. The property's address is HWY 2, Marenisco, MI 46647, and its zip code is 49969.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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