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Dickinson County, MI · Sold

MI-619225

879 County Road 119

$2,647,300
$5,525/ac · 479 ac
Acreage479 ac
Price per acre$5,525/ac
ZoningResidential
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedJan 19, 2024
Coordinates45.9639, -87.8432
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

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
Wetlands7.0% of tract

Little to no mapped wetland coverage.

Average slope7.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,666 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area423.31 of 479.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,083,237
$1,587,786$2,578,688 · $4,348/ac on 479 ac
Asking vs estimate
+27.1%
Priced above 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 $2,647,300
Maximum allowable offer
$1,190,421
$2,485/ac · +30.0% target margin

You need $1,456,879 off asking to hit this margin.

All-in cost$1,291,607
Net resale$1,916,578
Projected profit$624,971
ROI+48.4%
Annualized+69.2%
Break-even resale$2,930/ac
Profit if resale lands off target
-20%
$241,655
-10%
$433,313
0%
$624,971
+10%
$816,629
+20%
$1,008,287
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-119172
Gravel · Full utilities
461.1Feb 14, 2025$1,558,1003,3794,1905.3 mi
81
MI-158668
Paved · Full utilities
320.1May 22, 2025$1,664,2005,2004,8511.5 mi
77
MI-168652
Dirt · Off grid
316.4Apr 7, 2026$852,9002,6964,7647.9 mi
74
MI-336959
Gravel · Power at road
92.8Jul 27, 2026$266,0002,8662,6243.5 mi
67
MI-537459
Landlocked · Power at road
133.3May 23, 2026$487,3003,6555,4304.3 mi
67
MI-857743
Paved · Full utilities
163.8Oct 30, 2024$1,145,7006,9965,5232.6 mi
65
MI-527278
Gravel · Off grid
116.9Dec 24, 2025$293,7002,5122,9352.7 mi
64
Show adjustment detail for the top comp
  • Tract size (461.08 ac → 479.13 ac)-1.1%
  • Access (Gravel → Paved)+18.0%
  • Market time (18 mo)+6.3%

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.