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$ 5,766,000
Est. payment | /mo
610.31 Acres Lot
$ 5,766,000
Est. payment | /mo
610.31 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 50181339
Style Vacant Land
Annual Tax Amount $821
Lot Size 610.310 Acres
Acres 610.31
Lot Dimensions 26585103
Property Sub-Type Vacant Land
Property Description
Exceptional Marquette Investment Opportunity Pelissier Lake is an exceptional opportunity to invest in a property with many desirable development attributes in one of Michigan's most vibrant communities. Located in Marquette in Michigan's Upper Peninsula, Pelissier Lake offers 610 acres of undeveloped forest with frontage on Pelissier Lake and Marquette County Road 553 (M553). With the proximity to the City of Marquette, current development trends, and the outstanding quality of the land base, there is no comparable opportunity in today's market. Pelissier Lake is located approximately 4.5 miles south of US41-M28, and 1.5 miles south of Marquette Mountain on M553. As a result of this popularity and the need for growth in Marquette, the M553 corridor has seen several development projects featuring light manufacturing, commercial, and both multi-family and single-family residential homes in recent years. The property is superbly located to continue this trend and will provide an investor with a diverse collection of development opportunities. The property is currently undeveloped and features a high quality well-stocked northern hardwood forest. The site is gently rolling and as you get closer to Pelissier Lake, rock outcrops become visible with dramatic views of the lake and surrounding landscape. The property is accessed directly from M553 at multiple points and there is a well-developed network of interior woods roads that access the entire property. The timber inventory has not been updated, but there is considerable value in standing timber and the resource is poised to provide immediate cash flows while development opportunities are evaluated. The property features approximately 3,500 feet of frontage on Pelissier Lake and is zoned for residential development. The lake shore varies from nearly level to the south to modest elevation and slopes to the shore on the north. All the lakeshore is dominated by mature timber and rock outcrop features that evoke a wilderness aesthetic. This portion of the property is ideally suited for single family home development and provides a strong sense of privacy and solitude only five minutes from Marquette. All the property adjacent to M553 is zoned for commercial development. This zoning designation allows for unlimited opportunities in Sands Township. M553 is the primary commuter route between Marquette and many small communities to the south and the Michigan DOT calculated an average daily vehicle count of 8,444 vehicles in 2024. The remaining portions of the property to the east of M553 offer further opportunity. This portion of the property can also be accessed from Silver Creek Road and features exceptional timber quality and a gently rolling landscape. Possibilities exist for further recreational development, kingdom estates, or single-family development. In any case, the property is truly unique and unlike anything on the market in the greater Marquette area.
Location
State MI
County Marquette
Area Sands Twp (52027)
Zoning Commercial,Other,Residential
Building
Lot Description Rolling/Hilly, Sloping, Wooded, Partially Wooded
Water Not to Property (Water)
Schools
School District Marquette Area School District
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by LANDVEST
"Professional service to our clients & customers is our #1 priority. With offices in Marinette, Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."