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Iron County, MI · Sold

MI-135517

7116 County Road 144

$168,300
$5,155/ac · 32.65 ac
Acreage32.65 ac
Price per acre$5,155/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedFeb 27, 2025
Coordinates46.1495, -88.4235
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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

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

View Iron market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area27.08 of 32.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$160,889
$136,682$185,096 · $4,928/ac on 32.65 ac
Asking vs estimate
+4.6%
In line with 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 $168,300
Maximum allowable offer
$91,937
$2,816/ac · +30.0% target margin

You need $76,363 off asking to hit this margin.

All-in cost$99,752
Net resale$148,018
Projected profit$48,267
ROI+48.4%
Annualized+69.2%
Break-even resale$3,321/ac
Profit if resale lands off target
-20%
$18,663
-10%
$33,465
0%
$48,267
+10%
$63,068
+20%
$77,870
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-415988
Dirt · Power at road
45.9Jul 27, 2026$186,5004,0616,1404.7 mi
85
MI-693864
Landlocked · Off grid
9.9Jul 27, 2026$26,3002,6704,8878.0 mi
72
MI-587211
Gravel · Full utilities
111.4Aug 6, 2025$348,4003,1284,2332.8 mi
68
MI-424026
Gravel · Power at road
11.1Feb 16, 2026$49,8004,4864,8819.3 mi
67
MI-844981
Dirt · Off grid
22.1Mar 21, 2025$55,3002,4994,16511.4 mi
65
Show adjustment detail for the top comp
  • Tract size (45.93 ac → 32.65 ac)+6.3%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Full utilities)+22.0%

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.