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Dickinson County, MI · Sold

MI-537459

6465 County Road 16

$483,400
$3,626/ac · 133 ac
Acreage133 ac
Price per acre$3,626/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedNov 17, 2025
Coordinates46.0187, -87.7996
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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

4 items to verify before you offer.

Risk index
63
High risk
Wetlands37.8% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power210 ft away

Power at or near the road.

Buildable area78.77 of 133.31 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$368,685
$270,657$466,712 · $2,766/ac on 133 ac
Asking vs estimate
+31.1%
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 $483,400
Maximum allowable offer
$210,677
$1,580/ac · +30.0% target margin

You need $272,723 off asking to hit this margin.

All-in cost$228,585
Net resale$339,190
Projected profit$110,605
ROI+48.4%
Annualized+69.2%
Break-even resale$1,864/ac
Profit if resale lands off target
-20%
$42,767
-10%
$76,686
0%
$110,605
+10%
$144,524
+20%
$178,443
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-336959
Gravel · Power at road
92.8Jul 27, 2026$266,0002,8661,7833.2 mi
83
MI-527278
Gravel · Off grid
116.9Dec 24, 2025$293,7002,5121,9952.0 mi
80
MI-168652
Dirt · Off grid
316.4Apr 7, 2026$852,9002,6963,2388.4 mi
72
MI-857743
Paved · Full utilities
163.8Oct 30, 2024$1,145,7006,9963,7545.1 mi
71
MI-158668
Paved · Full utilities
320.1May 22, 2025$1,664,2005,2003,2972.9 mi
65
MI-119172
Gravel · Full utilities
461.1Feb 14, 2025$1,558,1003,3792,8487.4 mi
57
Show adjustment detail for the top comp
  • Tract size (92.8 ac → 133.31 ac)-8.7%
  • 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.