Keweenaw Land Association Michigan Investment Package December 11, 2019 Re: Keweenaw Land Association – Michigan’s Upper Peninsula Investment Package We are pleased to represent Keweenaw Land Association in the sale of 20 vacant lots within four existing developments. These developments are in Gogebic and Iron counties, in Michigan’s Upper Peninsula. These properties have been surveyed and improved with roads. They include lots on the Paint River, Isaacson Lake, Michigamme River, and Lake Superior. At one point, these lots were listed individually in 2019 with an aggregate value of $1,428,500. The former listings have been cancelled, and we are now offering these 20 vacant lots as an investment package for $800,000. We are providing location maps, survey maps, previous individual listing prices, covenants, and highlights regarding the owner associations for each. Although winter is here, now is the time to start planning for spring and preparing an inventory for sale in 2020. We are here to show these properties at any time, regardless of weather, and answer any questions you may have. Please contact Dan Schummer, with CLC Lands and Private Lakes, Inc., for any further details and showing appointments. We look forward to hearing from you. Sincerely,
Dan Schummer Real Estate Salesperson/Certified General Appraiser
DTS/sh
Enc. H O U G H T O N C O U N T Y GENERAL LOCATION MAP Keweenaw Land HOUGHTON Association - Listings C C O O U U N N T T Y Y
BARAGA Little Girls Point C C O O U U N N T T Y Y ONTONAGON C C O O U U N N T T Y Y
MARQUETTE MARQUETTE C O U N T Y C O U N T Y
GOGEBIC C C O O U U N N T T Y Y
II r r o o n n C C o o u u n n t t y y
Paint River IRONIRON C C O O U U N N T T Y Y
Michigamme River V i l a s C C o o u u n n t t y y
DICKINSON C C O O U U N N T T Y Y Isaccson Lake
F l o r e n c e C C o o u u n n t t y y
P r i c e C C o o u u n n t t y y O n e i d a F o r e s t C C o o u u n n t t y y C C o o u u n n t t y y 0 10 20 Legend Miles
Property for Sale MMap a r Date: i n e t t10/7/2019 e M a r i n e t t e MENOMINEE C o u n t y Map C o uScale: n t y 1:800,000 C C O O U UO N N T T Y Y LL i i n n c c o o l l n n This map is intended for display and location purposes only. On the ground conditions C C o o u u n n t t y y may and will vary. CLC does not warrant the accuracy of thisCopyright:© map and provides 2018 it Garminas is. Location Map Little Girls Point Lots Bayfield County Part of Section(s) 27 & 34, Ontonagon T49N-R48W, County Gogebic County, MI Ashland County Gogebic County
Lake Superior Iron Gogebic County County12
17 16 15 14 13
24 19 20 21 22 23 24
49N47W 27 26 25 Property 30 29 29 28 27 26 25 49N48W 31 32 33 34 35 36 31 32 33 34 35 36 02 01 06 05 04 03 02 01 06 05 04 03 Lake Rd 02 01 10 Triplett Ln Spirit Lake 11 12 07 08 09 10 Co Hwy 505 Rd Powers 11 12 Co Hwy A Powers Rd 07 08 09 Partridge Rd 10 11 15 12 14 48N49W 13 18 17 48N47W 07 16 15 Niemi Ln 14 13 48N48W 18 17 22 16 15 20 14 13 20 18 23 24 19
Lake Rd Hoyt Rd 21 Norlund Rd 22 23 T47N-R1W Montreal River 24 19 25 25 20 21 26 0 0.522 1 2 Berg Rd 48N48W 23 24 19 Niemi Rd Legend Miles
Vanderhagen Rd
Seppi Rd Lake Rd
Norlund Rd 28 27 Skyway Rd T47N-R1E 26 25 W Wall St 30 Property29 for Sale Map Date: 5/8/2019 28 Bale Ln Airport Rd 27 26 Airport Rd Junet Rd Map Scale: 1:100,000 O25 30 33 34 34 Co Hwy B Hautala Corner Hendrickson Rd T47N-R2E 35 This map is intended for display and location purposes only. On the ground conditions 36 31 32 33 may and Norlundwill Rd vary. CLC does not warrant the accuracy34 of this map35 and provides 36it as is. 31 Location Map Little Girls Point Lots Bayfield County Part of Section(s) 27 & 34, Ontonagon T49N-R48W, County Gogebic County, MI Ashland County Gogebic Lake Superior County
Iron Gogebic County County
Brace Rd
Lake Rd Lake Rd Lake Rd
0 660 1,320 2,640 Legend Feet
Property for Sale Map Date: 5/8/2019 Map Scale: 1:24,000 O This map is intended for display and location purposes only. On the ground conditions may and will vary. CLC does not warrant the accuracy of this map and provides it as is. Lake Superior Cove Development
These properties are part of the Lake Superior Cove Development, desirably located just up the shoreline from fabled Little Girls Point within Gogebic County, Michigan. The Lake Superior frontage varies from 244 to 648 feet, in addition to two off water lots. The investment package includes the following properties:
2019 Individual Lake Superior LISTING Acres List Price Frontage Lake Superior Lot #9 $41,900 3.80 Off Water Lake Superior Lot #10 $46,900 5.30 Off Water Lake Superior Lot #7 $129,900 4.20 308 Feet Lake Superior Lot #4 $139,900 3.90 245 Feet Lake Superior Lot #5 $139,900 3.30 258 Feet Lake Superior Lot #6 $149,900 3.40 244 Feet Lake Superior Lot #8 $199,900 5.80 648 Feet Totals: $848,300 29.70 1,703 Feet
II R R O O N N C C O O U U N N T T Y Y
09 10 11 12 12 11 07 08 09 10 11 12 07 Paint River Highlands Lots07 09 GENERAL10 LOCATION MAP Location Map 08 16 15 14 HOUGHTON 13 18 17 16 Liver Lake Part of Section 11, 15 14 13 ONTONAGON BARAGA 18 17 16 15 14 13 18 T43N-R33W, Rautanen Rd 17 WPA Rd MARQUETTE GOGEBIC Gilbert Lake ALGER 21 Iron County, MI Fire Lake Gibson Lake IRON 22 23 24 Gibson Lake 19 20 21 22 23 24 Vilas 19 20 NoyesRd Old US 141 21 22 23 DICKINSON 24 19 DELTA 44N34W Joley Rd 20 44N33W Fire Lake Rd 44N32W Florence Oneida 44N31W Forest 28 27 26 Clark Rd 25 30 MENOMINEE 29 28 27 26 25 30 29 Marinette N Casagranda Rd 28 27 26 25 30 Door29 Fisher Rd Langlade Oconto Camp Lake Marathon Door Door 33 Camp Lake Michigamme Reservoir 34 35 36 31 32 33 34 35 36 31 32 33 34 35 36 Swan Lake 31 32 Swan Lake Koivu Rd Upper Holmes Lakes 04 03 02 01 06 05 04 Michigamme River 03 02 01 06 05 04 03 02 01 06 05 Shoe Pac Lake Bates Amasa Rd Shoe Pac Lake Kelso Junction 09 10 11 12 07 08 09 10 11 12 07 08 09 10 11 12 07 08 Paint River Soderena Rd 16 Chicagon Slough Rock CrusherRd 43N33W 15 14 13 18 17 16 43N32W 15 14 13 18 17 16 15 Long Lake US 141 14 13 18 17
Section 14 Rd Lake Emily Lind Rd Hope Lake 43N31W 22 23 Crystal Falls to Iron River Hope Lake 24 19 20 Kaski Rd 21 22 23 Mansfield Location 24 19 20 21 43N34W Chicagon 22 23 24 19 20 Anderson Lake New Bristol Location US 2 Briar Hill Creek US Hwy 2 27 26 Mud Lake CrystalRunkle Falls Lake 25 30 29 28 27 26 25 30 29 28 Ismay Rd 27 26 25 30 29 Monongahela Rd
Nelson Rd Idlewild Rd 34 M 69 35 MansfieldCutoff 36 31 32 33 34 35 36 31 32 33 34 Old Lake35 Mary Rd 36 31 32 Second Lake Unknown Wagner Lake 0 0.5 1 2 03 02 01 Pentoga Trl 06 05 04 Railroad Lake Glidden Lake 03 02 01 Legend GliddenMiles Lake 06 05 04 03 Chicagon Lake Third Lake 02 01 06 05 42N34W Property for Sale Map Date: 7/3/2019 42N33W 42N32W US Hwy 141 42N31W 10 11 12 LittleMap Mud Scale: Lake 1:100,000 07 08 09 LakeO Mary 10 Groulx Ln 11 12 07 08 09 10 11 ThisUS map 2 is intended for display and location purposes only. On12 the ground conditions07 08 IndianIndian LakeLake 3rd St 15 14 13 18 17 16 15 may and will vary. CLC does not warrant the accuracy of this map and provides it as is. 33 Paint River Highlands Lots 34 35 Location Map 36 HOUGHTON 31 Part of Section 11, ONTONAGON BARAGA Swan Lake Swante Aho Rd T43N-R33W, Koivu Rd MARQUETTE GOGEBIC ALGER Iron County, MI IRON
Vilas DICKINSON Grandahl Rd DELTA Florence Oneida Forest 04 MENOMINEE 03 Marinette 02 Door 01 Langlade Oconto 06 Marathon Door Door Nelson Rd
Shoe Pac Lake
Paint River WildernessPaint Way River
Sheltrow Rd Memory Lane Dr
09 10 11 12 07
US141
Soderena Rd
0 660 1,320 2,640 16 15 14 Legend Feet 13 18 Rons Rd Property for Sale Map Date: 7/3/2019 Lind Lind Rd Map Scale: 1:24,000 O
Kuivila Rd This map is intended for display and location purposes only. On the ground conditions may and will vary. CLC does not warrant the accuracy of this map and provides it as is. Paint River Highlands Development
These properties are part of the Paint River Highlands Development, located within Iron County, Michigan. The Paint River frontage varies from 263 to 358 feet, in addition to three off water lots. The investment package includes the following properties:
2019 Individual Paint River LISTING Acres List Price Frontage Paint River Highlands #9 $25,000 1.66 276 Feet Paint River Highlands #10 $26,000 10.76 Off Water Paint River Highlands #12 $29,000 9.09 Off Water Paint River Highlands #13 $29,000 7.45 Off Water Paint River Highlands #7 $45,900 2.73 276 Feet Paint River Highlands #2 $49,900 4.47 358 Feet Paint River Highlands #5 $49,900 2.69 263 Feet Paint River Highlands #3 $52,900 3.71 318 Feet Paint River Highlands #4 $53,900 3.07 302 Feet Totals: $361,500 45.63 1,793 Feet
" " 19 Mapleton 22 19 22 Hope Lake 23 24 Anderson Lake Mud Lake GENERALPaint River LOCATION MAP IsaacsonRogers Location Lake Lots Chicagon 20 21 23 New Bristol Location 22 " " 24 19 20 21 Part ofWildwood Section Lake 21, 27 Mud Lake (Upper) Runkle Lake 30 29 Crystal Falls M 69 23 T42N-R33W,28 26 25 30 Mud Lake (Lower) US 2 Monongahela Location" Bates Junction 43N34W 29 " " 28 43N33W 27 26 27 Iron County, MI 25 30 29 43N32W 26
First Fortune Lake 5th St 28 31 32 33 34 35 36 31 31 32 33 34 35 Dunn Creek 36 32 34 35 Second Fortune Lake 33 Wagner Lake Second Lake Dunn Creek 6 5 3 4 3 2 6 5 1 Third Lake Gaastra Third Fortune Lake 2 1 Railroad Lake " 6 Chicagon Lake Pin Lake Alpha Creek 3 2 Wagner Creek 4 5 4 11 7 Bull Dam (Little) 8 9 10 9 IRON COUNTY 12 7 8 10 11 12 7 Blue Lake (upper) 8 9 10 11 Olson Creek 42N34W Alpha Indian Lake " 18 16 15 13 17 14 13 Blue Lake (lower) no name 18 18 Mastodon Creek 17 15 14 Tim Bowers Creek 15 14 Scott Lake Minnie Lake 17 16 Finn Lake 16 West Branch Armstrong Creek 42N33W Buck Lake Kennedy Lake 19 20 Scott Lake 23 20 " Brule River 21 Isaacson Lake 42N32W Brule River 21 19 22 23 24 Dam Lake 22 Little Tobin Lake 23 24 19 20 30 23 28 28 28 27 Armstrong Lake 21 22 29 Maggie Lakes (east) 28 25 29 28 Pentoga 29 27 26 25 " 30 Seven Springs Lake Mallard Lake 30 Naults Lake IHM " 27 26 " Beaver Lake 36 31 Stager Creek 32 33 Mud Lake 33 36 32 South Slough 34 35 31 34 35 Merrick Lake Stager Creek HOUGHTON BARAGA 4 1 41N33W Brule River6 County County 41N33W 2 Stager Lake Location MapMARQUETTE County 3 5 4 3 2
GOGEBIC IRON County County Dead Mans Lake 41N32W
US2 MICHIGAN 8 0 1.25 9 2.5 10 11 DICKINSON County Legend Miles 17 14 Florence 15 County Property for Sale Map Date: 10/4/2019 Forest County Map Scale: 1:100,000 O Marinette MENOMINEE This map is intended for display and location purposes only. On the ground conditions County County may and will vary. CLC does not warrant the accuracy of this map and provides it as is. 09 10 11 Isaacson Lake Lots Part of Section 21,
T42N-R33W, Unknown Iron County, MI Unknown
18 17 16 County Road 424 15 Rysberg Dr 14
Kalla Walla Trl Shattuck Dr
Buck Lake Park Rd
Armstrong Lake Rd
19 20 42N33W 21 Bara Rd 22
IRON COUNTY 23 Elvira Dr Elvira
Carney DamRd
Rainbow Trl S Armstrong Lake Rd
30 29 28 27 26 0 660 1,320 2,640 Legend Feet
Property for Sale Map Date: 10/4/2019 State Line Map Scale: 1:24,000 O This map is intended for display and location purposes only. On the ground conditions 31 may and will vary. CLC does not warrant the accuracy of this map and provides it as is. Isaacson Lake Development
These properties are part of the Isaacson Lake Development, located within Iron County, Michigan. The properties offer 414 and 594 frontage feet along Isaacson Lake. The investment package includes the following properties:
2019 Individual Isaacson Lake LISTING Acres List Price Frontage Isaacson Lake #2 $28,950 3.07 414 Feet Isaacson Lake #5 $43,950 2.60 594 Feet Totals: $72,900 5.67 1,008 Feet
34 27 30 29 28 32 Ellen, Lake GENERALWallace, Lake LOCATION MAP 44N33WMichigamme31 River Lots33 44N32W Michigamme Slough (nor Michigamme Reservoir 44N31W 36 44N30W 36Part of Section 32, 36 31 32 33 35 31 33 Upper Holmes Lake 35 34 32 T43N-R31W, Michigammee River 2 1 6 Saint Paul Creek Butler Lake Iron County, MI5 4 3 2 6 1 5 4 3 2 1 6 5 no name Kelso Junction 4 " Kiernan Lower Holmes Lake " 3 11 12 7 12 8 9 10 11 7 8 9 Clarks Creek 10 Channing 11 12 7 " 8 10 Kelso Creek 9 18 US 141 Mud Lake (east) 14 13 16 Ford River 16 15 14 13 17 17 18 15 14 13 18 17 43N33W Mansfield Location 16 15 43N32W Hope Lake " 24 Paint River 43N31W Mud Lake 23 43N30W New Bristol Location 20 21 " 24 19 20 " 22 21 22 23 24 19 19 20 21 22 Crystal Falls Runkle Lake Holmes Lake US 2 Monongahela Location" Kukura Creek " 28 30 27 26 25 29 25 29 28 27 26 Mitchell Lake 30 28 5th St 30 29 27 25 M 69 Sagola 31 " Dunn Creek 33 36 32 34 35 36 31 32 34 35 36 33 31 32 33 34 IRON COUNTY Dunn Creek Parks CreekDawson Lake Railroad Lake Glidden Lake DICKINSON COUNTY 1 6 Emerson Lake Alpha Creek 3 2 1 6 5 5 4 4 3 2 1 6 5 Camp Six Creek 4 3 Little Mud Lake Mary, Lake Camp Six Creek Erickson Lake 12 7 Camp Five Creek 8 9 10 11 12 no name 7 8 9 10 Alpha 12 Tobey Lake " " 9 10 HOUGHTON BARAGA Bull Dam (Little) 11 7 8 no County name Location County Map Dry Lake 17 15 14 18 Tim Bowers Creek 15 MARQUETTE 13 18 17 16 42N33W Finn Lake County 17 16 16 42N32W Kennedy Lake 42N31W 14 13 18 13 US 2 42N30W 15 IRON County Bush Lake 24 19 20 Little Tobin Lake MICHIGAN 21 24 19 0 1.25 2.5 20 21 22 22 23 23 24 19 DICKINSON Legend 20 Miles 21 22 County 29 28 Peavy Pond Map Date: 10/4/2019 25 Florence30 Mallard Lake Property for Sale M 95 County Seven Springs Lake 25 30 29 Map30 Scale: 1:100,00029 27 MENOMINEE 27 26 28 27 26 25 O County 28 M 69 WISCONSIN Beaver Lake This map is intended for display and locationGestner purposes Branch only. On the ground conditions 36 31 Stager CreekArchie Pond 32 33 34 35 36 31 32 33 34may and will vary.Gages CLC does Lake not warrant31 the accuracy of this map and provides33 it as is.
" MichigammeOld M 69 River Lots Old M 69 Part of Section 32, T43N-R31W, Iron County, MI
Unknown
4 3 N 3 2 W 4 3 N 3 2 W 4 3 N 3 1 W
Mansfield Cutoff River Rd
IRON COUNTY Lake Mary Rd M 69 M 69
Dawson Lake Rd Dawson Lake
Glidden Lake 0 1,320 2,640 Legend Feet 4 2 N 3 2 W 4 2 N 3 1 W Property for Sale Map Date: 10/4/2019 N Shore Rd Map Scale: 1:24,000 O N Shore Rd This map is intended for display and location purposes only. On the ground conditions may and will vary. CLC does not warrant the accuracy of this map and provides it as is. Michigamme River Development
These properties are part of the Michigamme River Development, located within Iron County, Michigan. The properties offer 213 and 230 frontage feet along the Michigamme River. The investment package includes the following properties:
2019 Individual Michigamme River LISTING Acres List Price Frontage Michigamme River B $79,900 1.52 213 Feet Michigamme River C $79,900 1.53 230 Feet Totals: $145,800 3.05 443 Feet