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Iron County, MI · Sold

MI-898643

4138 County Road 82

$401,300
$1,277/ac · 314 ac
Acreage314 ac
Price per acre$1,277/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedMay 22, 2026
Coordinates46.1653, -88.6559
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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
45
Moderate risk
Wetlands4.4% of tract

Little to no mapped wetland coverage.

Average slope18.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power3,036 ft away

Service extension needed; get a utility quote.

Buildable area240.38 of 314.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$429,830
$313,161$546,498 · $1,368/ac on 314 ac
Asking vs estimate
-6.6%
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 $401,300
Maximum allowable offer
$245,617
$781/ac · +30.0% target margin

You need $155,683 off asking to hit this margin.

All-in cost$266,494
Net resale$395,443
Projected profit$128,949
ROI+48.4%
Annualized+69.2%
Break-even resale$922/ac
Profit if resale lands off target
-20%
$49,860
-10%
$89,404
0%
$128,949
+10%
$168,493
+20%
$208,037
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-888917
Landlocked · Off grid
383.3Jul 27, 2026$400,3001,0441,1102.3 mi
89
MI-898880
Paved · Power at road
373.2Apr 21, 2024$672,9001,8031,0202.8 mi
71
MI-468169
Dirt · Power at road
223.0Oct 25, 2024$559,9002,5111,6456.6 mi
67
MI-957416
Dirt · Full utilities
129.2Jul 28, 2025$576,3004,4602,0043.7 mi
65
MI-587211
Gravel · Full utilities
111.4Aug 6, 2025$348,4003,1281,1638.8 mi
61
Show adjustment detail for the top comp
  • Tract size (383.31 ac → 314.3 ac)+6.0%

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.