13291 E Traynor Rd

Vacant Land for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30421161
Property Subtypes: Industrial, Residential (Single Family), Vacation/Resort, Other
Gross Land Area: 1,320 Acres
Sale Price: $2,950,000
Unit Price: $2,234 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/17/2019

Overview / Comments

“Stone Mountain Properties” is an approximately 1,400 acre site located on the St. Mary’s River, in the Eastern Upper Peninsula of Michigan. Its greatest value lies in the millions of tons of stone reserves that are on and in the property. This stone has multiple uses, including armor rock for pier heads and Great Lake projects, limestone for building, landscaping and gravel for roads, concrete, etc. A professional subsurface investigation was done in 2000 and that study estimated the “Proven Reserves” to be 324 million net tons. A minimal amount of product has been removed since that time and a large amount of valuable stone sits on the surface in addition to beneath it.
Preliminary work, including cost estimates, has also been done on the possibility of a port or docks at the property. A deep water port could potentially be utilized for greater cost efficiency in moving the aggregates where needed.
The property is of recreational value for hunting, fishing, snowmobiling over to Beaver Island. Residentially it has potential for great home-sites with gorgeous views overlooking the St Mary’s River, the large ships that pass by frequently and the islands beyond.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Taxing Authority: Chippewa County
Tax ID/APN: 010-145-006-00
Zoning: RES
Legal Description: On file at listing office.
Largest Nearby Street: Raber
Site Description: Beautiful site overlooking the St Marys River, 285' above, with great views.
Topography: Rolling
Soil Type: Stone
Available Utilities: Electric
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,265
Median Age: 51.27
Households: 556


Photograph of Listing Agent

Steven Burman

Foundation Real Estate Corporation
CARWM Member
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