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Delta County, MI · Sold

MI-187558

1906 County Road 332

$400,900
$2,799/ac · 143 ac
Acreage143 ac
Price per acre$2,799/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedAug 29, 2024
Coordinates45.8970, -86.9849
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

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

View Delta market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
14
Low risk
Wetlands13.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,857 ft of deeded road frontage.

Power1 ft away

Power at or near the road.

Buildable area118.24 of 143.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$365,429
$307,606$423,252 · $2,552/ac on 143 ac
Asking vs estimate
+9.7%
Priced above the comp set

Weighted from 6 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 $400,900
Maximum allowable offer
$208,816
$1,458/ac · +30.0% target margin

You need $192,084 off asking to hit this margin.

All-in cost$226,565
Net resale$336,194
Projected profit$109,629
ROI+48.4%
Annualized+69.3%
Break-even resale$1,719/ac
Profit if resale lands off target
-20%
$42,390
-10%
$76,010
0%
$109,629
+10%
$143,248
+20%
$176,868
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-418182
Paved · Full utilities
225.1Jul 27, 2026$689,4003,0632,41314.2 mi
73
MI-116932
Landlocked · Off grid
91.0Sep 13, 2025$154,8001,7012,7264.7 mi
71
MI-937179
Gravel · Off grid
108.8Nov 10, 2024$170,0001,5621,8397.4 mi
71
MI-165570
Gravel · Off grid
33.9Oct 18, 2024$114,1003,3643,0987.7 mi
61
MI-575746
Gravel · Full utilities
38.5Mar 3, 2025$150,6003,9072,52611.9 mi
57
MI-345564
Gravel · Off grid
33.8Mar 1, 2024$102,5003,0342,86111.7 mi
52
Show adjustment detail for the top comp
  • Tract size (225.07 ac → 143.22 ac)+13.2%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Full utilities → Power at road)-18.0%

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.