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Iron County, MI · Sold

MI-898880

6720 County Road 268

$723,600
$1,939/ac · 373 ac
Acreage373 ac
Price per acre$1,939/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedDec 27, 2023
Coordinates46.1406, -88.6087
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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
26
Low risk
Wetlands18.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.1%

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.

Power148 ft away

Power at or near the road.

Buildable area288.93 of 373.18 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,002,640
$754,448$1,250,831 · $2,687/ac on 373 ac
Asking vs estimate
-27.8%
Priced below 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 $723,600
Maximum allowable offer
$572,937
$1,535/ac · +30.0% target margin

You need $150,663 off asking to hit this margin.

All-in cost$621,637
Net resale$922,429
Projected profit$300,792
ROI+48.4%
Annualized+69.2%
Break-even resale$1,811/ac
Profit if resale lands off target
-20%
$116,306
-10%
$208,549
0%
$300,792
+10%
$393,035
+20%
$485,278
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-888917
Landlocked · Off grid
383.3Jul 27, 2026$400,3001,0442,1542.0 mi
88
MI-898643
Landlocked · Off grid
314.3Jun 19, 2026$358,4001,1402,2282.8 mi
83
MI-468169
Dirt · Power at road
223.0Oct 25, 2024$559,9002,5113,1933.9 mi
73
MI-587211
Gravel · Full utilities
111.4Aug 6, 2025$348,4003,1282,2576.9 mi
65
MI-957416
Dirt · Full utilities
129.2Jul 28, 2025$576,3004,4603,8904.4 mi
63
Show adjustment detail for the top comp
  • Tract size (383.31 ac → 373.18 ac)+0.8%
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Off grid → Power at road)+17.6%

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.