Hematite Twp 36008 Tbd Wests Rd, Crystal Falls, MI 49920
This expansive 320-acre commercial parcel presents a unique opportunity in Iron County, Michigan. Located near Crystal Falls, this property is ideal for various uses, including hunting, recreation, or long-term investment. Access is via a well-defined route from US-2 and US-141, following West Road and a snowmobile trail for approximately 5.25 miles. The property's remote location offers seclusion and tranquility, while still being relatively accessible. The asking price is $249,900. Detailed directions are as follows: From Iron River, travel east on US-2 to Crystal Falls. Turn left onto US-141, then left onto West Road. Proceed for 3 miles to a fork in the road; stay left and continue on the snowmobile trail for an additional 2.25 miles. This will place you on the western side of the furthest northwest forty acres of the property. The property is zoned for commercial use, offering flexibility for future development. Given its size and location, this land presents a compelling investment opportunity with significant potential for various ventures. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.