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Calhoun County, MI · Sold

MI-579965

5158 County Road 278

$970,700
$1,185/ac · 819 ac
Acreage819 ac
Price per acre$1,185/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedAug 24, 2025
Coordinates42.2041, -84.9415
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Calhoun County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Calhoun market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands15.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power129 ft away

Power at or near the road.

Buildable area658.98 of 818.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,262,807
$1,062,962$1,462,652 · $1,542/ac on 819 ac
Asking vs estimate
-23.1%
Priced below the comp set

Weighted from 5 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $970,700
Maximum allowable offer
$721,604
$881/ac · +30.0% target margin

You need $249,096 off asking to hit this margin.

All-in cost$782,940
Net resale$1,161,782
Projected profit$378,842
ROI+48.4%
Annualized+69.2%
Break-even resale$1,039/ac
Profit if resale lands off target
-20%
$146,486
-10%
$262,664
0%
$378,842
+10%
$495,020
+20%
$611,198
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-459992
Gravel · Power at road
835.1Jul 27, 2026$1,795,8002,1501,4747.1 mi
86
MI-947389
Dirt · Power at road
126.7Jul 27, 2026$334,2002,6381,2172.7 mi
72
MI-118666
Gravel · Power at road
319.6Nov 14, 2024$839,5002,6271,4443.0 mi
64
MI-578427
Gravel · Power at road
268.8Aug 19, 2024$958,8003,5671,8826.4 mi
59
MI-977748
Landlocked · Off grid
164.3Mar 7, 2024$372,2002,2651,8337.7 mi
54
Show adjustment detail for the top comp
  • Tract size (835.15 ac → 818.97 ac)+0.6%
  • Access (Gravel → Landlocked)-32.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.