The Green Acres Road parcel is approximately 14.84 acres, listed at $129,000, which works out to roughly $8,692 per acre. The price is currently unchanged from its initial listing.

The property is zoned R-3, High-Density Single-Family Residential District, within the Charter Township of Portage in Houghton County, Michigan. This zoning allows for a range of residential uses. Buyers are encouraged to verify with the local zoning authority that their specific intended use is permitted, as the seller and agent do not guarantee zoning information.

Yes, utilities including power, telephone, municipal sewer, and water are available at the road right-of-way along Green Acres Road. This makes the parcel relatively straightforward to develop compared to more remote rural properties.

A freshwater forested-shrub wetland was identified on the eastern end of the property, and additional wetlands were found further west on the parcel. Prospective buyers should factor this into their development plans and conduct their own due diligence regarding any applicable regulations.

The property is currently owned by Michigan Technological University, which has held it since 1996. Because of this ownership structure, all offers must be submitted to and approved by the Board of Control. Buyers should allow ample time for responses, as the approval process may take longer than a typical private land transaction.

No, you should not assume your future tax bills will match the current owner's. Michigan Tech is currently exempt from paying property taxes, and in Michigan, property taxes can change significantly when a property changes hands. Buyers are strongly encouraged to research what their tax obligations would be before making an offer.