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Iron County, MI · Sold

MI-844981

8865 County Road 68

$52,000
$2,349/ac · 22.14 ac
Acreage22.14 ac
Price per acre$2,349/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedJun 30, 2024
Coordinates46.1980, -88.6521
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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
20
Low risk
Wetlands16.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

712 ft of deeded road frontage.

Power5,192 ft away

A long utility run — price in solar/off-grid instead.

Buildable area17.63 of 22.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$70,033
$59,209$80,857 · $3,163/ac on 22.14 ac
Asking vs estimate
-25.7%
Priced below 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 $52,000
Maximum allowable offer
$40,019
$1,808/ac · +30.0% target margin

You need $11,981 off asking to hit this margin.

All-in cost$43,421
Net resale$64,430
Projected profit$21,009
ROI+48.4%
Annualized+69.2%
Break-even resale$2,132/ac
Profit if resale lands off target
-20%
$8,123
-10%
$14,566
0%
$21,009
+10%
$27,452
+20%
$33,895
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-415988
Dirt · Power at road
45.9Jul 27, 2026$186,5004,0613,9027.0 mi
76
MI-693864
Landlocked · Off grid
9.9Jul 27, 2026$26,3002,6703,1056.4 mi
74
MI-424026
Gravel · Power at road
11.1Feb 16, 2026$49,8004,4863,1022.9 mi
72
MI-135517
Gravel · Full utilities
32.6Sep 27, 2025$175,7005,3813,54611.4 mi
68
MI-233018
Landlocked · Full utilities
5.3Jul 27, 2026$16,7003,1302,4409.8 mi
65
MI-587211
Gravel · Full utilities
111.4Aug 6, 2025$348,4003,1282,6908.8 mi
56
Show adjustment detail for the top comp
  • Tract size (45.93 ac → 22.14 ac)+12.8%
  • Utilities (Power at road → Off grid)-15.0%

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.