Property profile

0 Tbd Gibbs City Rd Iron River, MI 49935

OFF-MARKET
Land
80 ac lot
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Property summary

AI-generated overview

This exceptional 80-acre commercial parcel presents a unique investment opportunity in Iron River, Michigan's scenic Upper Peninsula. Located at TBD Gibbs City Rd, with APN 004-008-022-00, this expansive property offers endless possibilities. Its prime location within the Northwoods provides a tranquil setting, ideal for a variety of commercial ventures. Imagine developing a recreational retreat, constructing a commercial building, or establishing a unique business capitalizing on the area's natural beauty. The land's size allows for ample space for development and expansion. Enjoy the proximity to numerous rivers, lakes, streams, and established snowmobile and UTV trails, adding significant recreational value. The property is situated in CFR, offering additional advantages. With its substantial acreage and desirable location, this property is poised for significant growth and return on investment. The asking price is $299,000. This is a rare opportunity to acquire a large tract of commercial land in a highly sought-after location. Don't miss out on this exceptional investment potential.

Property profile

Verified
Property type Land
Lot 80 ac (3,484,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Tbd Gibbs City Rd Iron River, MI 49935
Iron River metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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