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Iron County, MI · Sold

MI-957416

1889 County Road 282

$600,900
$4,650/ac · 129 ac
Acreage129 ac
Price per acre$4,650/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedNov 7, 2024
Coordinates46.2040, -88.6027
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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

3 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands39.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

1,430 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area74.88 of 129.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$390,456
$311,126$469,786 · $3,022/ac on 129 ac
Asking vs estimate
+53.9%
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 $600,900
Maximum allowable offer
$223,118
$1,727/ac · +30.0% target margin

You need $377,782 off asking to hit this margin.

All-in cost$242,083
Net resale$359,219
Projected profit$117,136
ROI+48.4%
Annualized+69.2%
Break-even resale$2,036/ac
Profit if resale lands off target
-20%
$45,293
-10%
$81,215
0%
$117,136
+10%
$153,058
+20%
$188,980
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-587211
Gravel · Full utilities
111.4Aug 6, 2025$348,4003,1282,7016.6 mi
76
MI-415988
Dirt · Power at road
45.9Jul 27, 2026$186,5004,0613,9184.8 mi
73
MI-898643
Landlocked · Off grid
314.3Jun 19, 2026$358,4001,1402,6663.7 mi
72
MI-888917
Landlocked · Off grid
383.3Jul 27, 2026$400,3001,0442,5782.4 mi
72
MI-468169
Dirt · Power at road
223.0Oct 25, 2024$559,9002,5113,8226.2 mi
67
MI-898880
Paved · Power at road
373.2Apr 21, 2024$672,9001,8032,3694.4 mi
58
Show adjustment detail for the top comp
  • Tract size (111.38 ac → 129.22 ac)-3.7%
  • Access (Gravel → Dirt)-14.0%
  • Market time (12 mo)+4.3%

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.