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Dickinson County, MI · Sold

MI-158668

5681 County Road 40

$1,555,300
$4,860/ac · 320 ac
Acreage320 ac
Price per acre$4,860/ac
ZoningAgricultural
Road accessPaved
UtilitiesFull utilities
TopographyWooded
ListedMay 17, 2024
Coordinates45.9826, -87.8284
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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

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

View Dickinson market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
9
Low risk
Wetlands9.1% of tract

Little to no mapped wetland coverage.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,697 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area276.38 of 320.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,620,208
$1,186,513$2,053,904 · $5,062/ac on 320 ac
Asking vs estimate
-4.0%
In line with the comp set

Weighted from 7 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 $1,555,300
Maximum allowable offer
$925,833
$2,893/ac · +30.0% target margin

You need $629,467 off asking to hit this margin.

All-in cost$1,004,529
Net resale$1,490,592
Projected profit$486,063
ROI+48.4%
Annualized+69.2%
Break-even resale$3,412/ac
Profit if resale lands off target
-20%
$187,945
-10%
$337,004
0%
$486,063
+10%
$635,122
+20%
$784,181
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-168652
Dirt · Off grid
316.4Apr 7, 2026$852,9002,6965,3717.8 mi
81
MI-336959
Gravel · Power at road
92.8Jul 27, 2026$266,0002,8662,9582.8 mi
75
MI-857743
Paved · Full utilities
163.8Oct 30, 2024$1,145,7006,9966,2263.0 mi
74
MI-619225
Paved · Full utilities
479.1May 25, 2024$2,612,9005,4536,7231.5 mi
73
MI-527278
Gravel · Off grid
116.9Dec 24, 2025$293,7002,5123,3091.4 mi
73
MI-537459
Landlocked · Power at road
133.3May 23, 2026$487,3003,6556,1222.9 mi
72
MI-119172
Gravel · Full utilities
461.1Feb 14, 2025$1,558,1003,3794,7245.7 mi
71
Show adjustment detail for the top comp
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (4 mo)+1.5%

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.